Thomas Piketty Knew This Was Coming

I think any two countries or any group of countries who today have a trade agreement or an economic agreement with free capital flow, in effect we negotiate that we will not follow this treaty unless we have verifiable targets in terms of carbon emissions, economic justice, or minimum tax rates. I think the pure trade treaties are dead, basically. ... See more

The bottom 50 percent of the population in the U.S. owns less than 2 percent of total wealth. It used to be 3 or 4 percent 20 years ago; now it’s less than 2 percent. It’s always been very small, in any case, but it’s not going in the right direction. This has all sorts of bad consequences in terms of how you can plan your own life.