It offers a set of bold policy proposals, including hefty wealth taxes on billionaires, sharp reductions in working hours, a change in diets and a shift of investment from materially intense sectors like industry and mining to education and health.

If these and other measures are taken, the report says 89% of the world population would see their incomes double by 2100 and global heating would be kept below 2C above the preindustrial average.

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    8 hours ago

    The report will be unveiled and discussed at the World Inequality Conference from 4-6 June in Paris, with speakers including Ha-Joon Chang, Jean Drèze, Jayati Ghosh, Mariana Mazzucato, Branko Milanović, Lea Ypi and Gabriel Zucman.

    Jason Hickel, a professor at the Autonomous University of Barcelona and a visiting senior fellow at LSE, said: “It’s an important and timely intervention. All of this is technically feasible to achieve – we can have good lives for all within planetary boundaries – but it will require organised political struggle to make it happen.”