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The G20 Extraordinary Committee’s report warns that global inequality has reached crisis levels, with wealth concentration far outpacing income gains for the majority and the richest 1% capturing a disproportionate share of new wealth, while billions face food insecurity, poor health access, and limited opportunity. The report argues inequality is not inevitable but the result of policy choices that undermine democracy, weaken economic performance, and exacerbate climate and social crises. It highlights how deregulation, tax avoidance, privatisation, and unequal global rules have intensified gaps both within and between countries, and proposes coordinated action, including fairer tax systems, strengthened public services, reformed trade and IP rules, and the creation of an International Panel on Inequality, to monitor trends and support decisive global reforms.
