Gulf between rich and poor increases risk of climate breakdown as well as entrenches poverty, says letter to UN and World Bank

The letter says: “We know that high inequality undermines all our social and environmental goals. It corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism. We also know that without a sharp reduction in inequality, the twin goals of ending poverty and preventing climate breakdown will be in clear conflict.”

  • livus@kbin.social
    5·
    1 year ago

    I don’t quite see how a reduction in global poverty would hurt poor people though.

    In economic terms inequality actually hurts everyone. Recessions last longer, there is more stagnation, more unrest, and interestingly there are effects like worse health outcomes even for the rich in a highly unequal society.