
How the Billionaire Boom Is Fueling Inequality—and Threatening Democracy
Fernanda Balata and Sebastian Mang
As wealth concentrates at the top, Europe must act now to defend democracy and economic stability for all.
Author profile

Fernanda Balata is a senior political economist at the New Economics Foundation and author of the 2025 report Exploring an Extreme Wealth Line. She leads NEF’s international programme on extreme wealth and economic justice in collaboration with a network of partners in the global south and the global north.

Fernanda Balata and Sebastian Mang
As wealth concentrates at the top, Europe must act now to defend democracy and economic stability for all.