There is little doubt that, in the last hundred years or so, progress has been made in lifting more people out of extreme poverty. Yet, considerable economic inequalities both within and between nations persists and, as recent work has shown, if the rate of return on capital surpasses the rate...

During the pandemic, the world’s billionaires increased their net worth to unprecedented historical heights. This was an impressive feat for the world’s richest, who took to celebrations by launching themselves into outer space, hosted factory mega-raves, and perhaps more prudently sailed...