Paul Krugman: Twin Peaks Planet

In 2014, soaring inequality in advanced nations finally received the attention it deserved, as Thomas Piketty’s “Capital in the Twenty-First Century” became a surprise (and deserving) best seller. The usual suspects are still in well-paid denial, but, to everyone else, it is now obvious that income and wealth are more concentrated at the very top than they have been since the Gilded Age — and the trend shows no sign of letting up.

But that’s a story about developments within nations, and, therefore, incomplete. You really want to supplement Piketty-style analysis with a global view, and when you do, I’d argue, you get a better sense of the good, the bad and the potentially very ugly of the world we live in.