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Thomas Piketty Knew This Was Coming
There is already a pronounced and accelerating “superstar” effect, where leading players take ever more outsized shares of the pie. The world’s top fifty cities have the lion’s share of wealth and corporate power (45 percent of big company HQs; 21 percent of world GDP) despite having only 8 percent of the world’s population. The top 10 percent of g
... See moreMustafa Suleyman • The Coming Wave: Technology, Power, and the Twenty-first Century's Greatest Dilemma
Labor’s share of income is declining across countries; in the US, it fell from >63% in 2000 to <57% today. COVID accelerated this dislocation between labor and capital. The further the disconnect between labor and capital, the more resentment we see between them. GameStop was the greatest invasion of labor into capital since the Peasants’ Revolt – ... See more
John Luttig • Finance as culture
This new age of globalization, like the past ages, will create new patterns of global economic activity, jobs, lifestyles, and geopolitics. This new age arrives together with another fundamental development: a human-caused ecological crisis hitting the planet. The dramatic successes of globalization during the past two centuries have sown the seeds
... See moreJeffrey D. Sachs • The Ages of Globalization: Geography, Technology, and Institutions
It’s a pivotal instrument to confront the multitude of challenges, tiny and towering, urgent and slow-burning, local and global, facing people, communities, society, and future generations in the twilight of industrial era capitalism.
Umair Haque • The New Capitalist Manifesto: Building a Disruptively Better Business
With convergent growth and falling poverty, the world economy might seem to be out of the woods. Technological advances have put the end of poverty within reach, along with a rebalancing of the international order that is much fairer to the countries outside of the North Atlantic region. Yet complacency would be misplaced, and the rising anxiety le
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