I was surprised I couldn’t find Thomas Piketty’s Capital in the 21st Century when I searched the Singapore National Library catalogue online. An Amazon bestseller, it is the most talked-about economics book today. Piketty, a French economist, writes about the growing inequality between the rich and the poor.
- Inequality is returning to pre-World War I levels, he writes, and
- The future could look like the 19th century, when the economic elites predominantly inherited their wealth rather than working for it.
Looking at Forbes and other wealth rankings, Piketty concludes: [click to continue…]