UN Expert Says Global Economy Should Not Cater to Ultra-Rich
Olivier De Schutter, the UN special rapporteur on extreme poverty and human rights, argues that the global economy must be reordered to prioritize basic human needs and societal value over the demands of the ultra-rich, as current growth models are “socially and ecologically destructive.” To address interconnected crises of inequality, ecological collapse, and rising far-right politics, a new economic agenda is proposed, focusing on measures like universal basic income, job guarantees, debt cancellation, and an extreme wealth tax. This initiative, to be detailed in a forthcoming roadmap, aims to expand policy options for governments and development agencies, seeking to establish a permanent UN body similar to the IPCC to oversee a redistributive and sustainable economy.
John Q. Hosedrinker