Indeed, and we can solve it as it was solved in 1929, through massive economic mismanagement. If the money supply is contracted by a third again we’re guaranteed a large destruction in wealth, reducing inequality. We could use one of the other ways we know work historically too, war or famine. After the Black Death killed 30-60% of the European population there was over 100 years of broad based prosperity, similarly after the Plague of Justinian, the fall of the Western Roman Empire or in Germany following the 30 Years War.

Global inequality has been deceasing for decades.

https://ourworldindata.org/global-economic-inequality

> Global inequality is driven by changes both of the inequality within countries and the inequality between countries. The below visualization shows how both of these changes determine the changing global inequality.

> – Inequality within countries followed a U-shape pattern over the course of the 20th century.

> – Inequality between countries increased over the course of 2 centuries and reached its peak level in the 1980s according to the data from Bourguignon and Morrison shown here. Since then, inequality between countries has declined.

> As is shown in the visualization below, the inequality of incomes between different countries is much higher than the inequality within countries. The consequence of this is that the trend of global inequality is very much driven by what is happening to the inequality between countries.