The corrosive effects of today's levels of inequality are clear, said Guterres. "We are sometimes told a rising tide of economic growth lifts all boats. But in reality, rising inequality sinks all boats."
Confidence in institutions and leaders is eroding. Voter turnout has fallen by a global average of 10 percent since the beginning of the 1990s. People who feel marginalized are vulnerable to arguments that blame their misfortunes on others, particularly those who look or behave differently.
Populism, nationalism, extremism, racism and scapegoating will only create new inequalities and divisions within and between communities, countries, ethnicities, and religions.
Looking to the future, two seismic shifts will shape the 21st century: the climate crisis and digital transformation. Both could widen inequalities even further, he warned.
"Now is the time for global leaders to decide: will we succumb to chaos, division and inequality? or will we right the wrongs of the past and move forward together, for the good of all?" he asked. "We are at a breaking point. But we know which side of history we are on," he said.
"Today, in demonstrations for racial equality, in campaigns against hate speech, in the struggles of people claiming their rights and standing up for future generations, we see the beginnings of a new movement. This movement rejects inequality and division, and unites young people, civil society, the private sector, cities, regions and others behind policies for peace, our planet, justice and human rights for all. It is already making a difference."
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