French economist Thomas Piketty’s book Capital in the Twenty-First Century got a lot of attention in 2014, with his warning that inequality will get worse without remedies such as progressive taxation and Scandinavian-type “nanny state” programs like free university education. Observing the popularity of Bernie Sanders’s populist movement, he saw it as ending the neoliberal dominance that began with the election of Ronald Reagan in 1980. Piketty concluded optimistically, “New forms of political mobilization and crowdfunding can prevail and push America into a new political cycle. We are far from gloomy prophecies about the end of history.”
Thomas Piketty On the Rise of Bernie Sanders,” Occupy.com, February 17, 2016.