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Posted on Nov 14, 2025 / World

A coalition of hundreds of leading economists and former senior officials, including Janet Yellen and Joseph Stiglitz, has urged world leaders to establish an independent panel dedicated to tackling income and wealth inequality. Their open letter argues that extreme wealth concentration is eroding democratic governance and fueling social unrest on a global scale. The appeal coincides with the upcoming G20 Summit in South Africa, where inequality is expected to be among the key agenda items. According to the report they reference, the richest 1% captured 41% of all new wealth between 2000 and 2024, while some 2.3 billion people face moderate to severe food insecurity. The economists suggest modeling the new body on the Intergovernmental Panel on Climate Change (IPCC), giving governments evidence-based guidance on policy. They caution that ignoring disproportionate power and wealth may undermine global stability and economic recovery in an era of overlapping crises.

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