If the world economy was equitable (or was socialist) the metropole imperial core would see average incomes drop by 240% so im not buying this headline for a second.
Ok nvm english language sucks.
Billionaires dont have enough money to break them open like piggy banks and fix the economy. So basically yes. The global north would have to recreate an economy. It could never survive under equitable circumstances.
They can if they dont produce anything and their entire existence as an economy is only meant to recycle and recirculate value that was plundered from the global south.
You aint telling me anything I dont already know.