A group of 40 former leaders, including Gordon Brown, warns that inequality is escalating globally, risking the emergence of the first trillionaires alongside widespread poverty. They call for a new economic coalition to tackle ongoing issues of inequality, poverty, and environmental degradation. In their letter, they criticize the outdated 1944 economic model and advocate for debt relief, international tax cooperation, and reforms of major institutions like the International Monetary Fund. Their intervention highlights global uncertainty as democracies falter and violence increases, with significant consequences for future stability.
The world is facing a looming crisis of inequality that could see the first trillionaires emerge while nearly half of humanity still languishes in poverty.
The former leaders urge for a new economic coalition to address threats of inequality, poverty, and environmental breakdown, condemning the outdated 1944 economic model.
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