Fe Balata

@febalata.bsky.social

Political economist and writer. https://fernandabalata.substack.com/ Associate Fellow (honorary) with @neweconomics.bsky.social but views here are my own. 🌎🌍🌏

The UK helped build the global infrastructure that enables offshore wealth, secrecy and elite impunity. Addressing the harms of #extremewealth - including its role as a structural constraint on democracy and climate justice - means confronting the UK’s own role in enabling these systems.

Tax Justice UK@taxjusticeuk.bsky.social · 3mo ago

🇬🇧 The UK has a dirty little secret… It’s really good at hiding dirty little secrets. In June, the UK hosts a global dirty‑money summit — but unless they face Britain’s own role, it’ll just be a meaningless talking shop. Head to taxjustice.uk/DirtyMoney to find out more.

I’ve been trying to make sense of why everything feels so unstable right now. Most explanations point to geopolitics - multipolarity, fragmentation, rivalry. That all feels true. But also incomplete.

There's some wonderful writing from @febalata.bsky.social in this edition of Renewal, on how extreme wealth undermines democracy, blocks attempts at justice, and on how the fight against it has got to be a core priority of modern progressive politics.

Renewal@renewaljournal.bsky.social · 7mo ago

NEW ISSUE: Renewal 33/3&4 Guest co-edited by @neilwarner.bsky.social & @beccagold.bsky.social, this special double issue features nineteen (19) brilliant essays analysing Labour's statecraft and debating the strategic challenges for social democracy in Britain and beyond

New briefing out on “invisible wealth”: UK wealth has surged through asset price inflation, but the tax system still struggles to see it, let alone tax it fairly. The report digs into why that gap matters and what it would take to close it. #extremewealth 🔗 neweconomics.org/2026/01/taxi...

New Economics Foundation@neweconomics.bsky.social · 6mo ago

This government needs to get better at taxing the wealthy - that starts with getting a proper view on who owns what. Find out more in our latest briefing: neweconomics.org/2026/01/taxi...

Absolute blockbuster of a new issue of @renewaljournal.bsky.social, edited by @morganj0nes.bsky.social @neilwarner.bsky.social and @beccagold.bsky.social which takes a big picture view of the past year and a half of Labour government.

Renewal@renewaljournal.bsky.social · 7mo ago

NEW ISSUE: Renewal 33/3&4 Guest co-edited by @neilwarner.bsky.social & @beccagold.bsky.social, this special double issue features nineteen (19) brilliant essays analysing Labour's statecraft and debating the strategic challenges for social democracy in Britain and beyond

NEW REPORT: As the G20 approaches its 20th summit, a new independent assessment finds it has failed to tackle inequality and deliver economic justice. The report warns that the forum must do more than fight fires - it needs to reform a broken international system. 🧵1/7

Text: The G20 at a crossroads. An independent assessment of the G20's impact, and lessons for an equitable economic future. 

With logos along the bottom of the image from the New Economics Foundation, Institute for Economic Justice, Institute for Policy Studies, Center for Economic and Social Rights, and Transforma.

Im so excited to put out this analysis done in true collaborative spirit with amazing colleagues across orgs. On my way to Joburg to launch the report and hoping to find hope by surrounding myself with those who refuse to give in or give up the fight. 👊🏽

New Economics Foundation@neweconomics.bsky.social · 9mo ago

📘 The G20 at a Crossroads By NEF (UK), the Institute for Economic Justice (South Africa), @ips-dc.org (US), Transforma (Brazil), and international NGO @cesr.bsky.social. Read the full report: neweconomics.org/2025/11/the-... 7/7

"Extreme wealth has been driving inflation in housing prices, distorting democracy, locking in carbon, and fueling cross border tax abuse. There are many negative spillovers of high wealth inequality" - Political Economist Fernanda Balata at #IMFMeetings.

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"One ethical reason for acknowledging that there is excessive wealth, is that its existence is starkly contrasted with the significant levels of poverty. As long as people live in extreme poverty, the presence of extreme wealth is morally unacceptable." - Nora Lustig at #IMFMeetings.

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