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Thomas Piketty: 'The future billionaires are preparing for us is dystopian'

Most of the planet with incomes equivalent to €5,000 a month (nearly $5,600) by 2100. Average temperatures only 1.8 degrees Celsius above preindustrial levels. Less meat, industry and mining. More health care and education. And who would lose out? The world’s Jeff Bezos, Larry Ellisons and Elon Musks. A tiny group of billionaires representing 0.001% of the population would see their share of global wealth fall from the current 6.4% to 0.05%, while the poorest 50% of the planet would rise from holding just 2% to 30%.

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© Edgar Sapiña Manchado (EFE) (EL PAÍS)

French economist Thomas Piketty in Paris.
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Challenging the neoliberal agenda from the left: The proposals of the world’s leading progressive economists

Between global warming, a rampant inequality whose clearest expression is the housing crisis, and artificial intelligence (AI), much of the world lives with a sword of Damocles hanging over its head. No wonder. The era we live in is seasoned with forest fires that make even the most stubborn believe in a climate hell, professionals who fear imminent replacement by server farms that neither get sick nor protest, young people moving back in with their parents because they cannot afford their own homes, billionaires talking about sending us to Mars, and a global south of 3.5 billion poor people who increasingly have less to lose.

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© Sr. García (EL PAÍS)

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