Widening Wealth Inequality

byAyeza Fatima

March 5, 2026 at 9:42 AM6 min read0 views

Summary. We must resist the rule of the super-rich

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Multilateralism is the Way Forward

In September, world leaders will gather in New York for the annual session of the United Nations General Assembly, one of the most important platforms for practicing multilateralism. The session is being held at a time when the world is embroiled in trade wars, active military conflicts and rising geopolitical tensions among the major powers, i.e. China and the United States, which are building their respective spheres of influence while the United Nations remains as silent as an indifferent bystander. Amidst this state of affairs, there is an urgent need to reimagine the multilateral system and put humanity on a new course to meet existing commitments and solve long-term challenges, especially because our multilateral tools and institutions are unable to respond effectively to today's political, economic, environmental and technological challenges.

The collective wealth of the planet's billionaires soared to a record level in 2025, deepening economic and political divides that threaten democratic stability. In a report timed for the opening of the World Economic Forum in Davos, the anti-poverty group Oxfam said the fortunes of global billionaires jumped 16% in 2025 to $18.3 trillion, extending an 81% rise since 2020....

Widening Wealth Inequality

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