Capital is defined as the sum total of nonhuman assets that can be owned and exchanged on some market. - Thomas Piketty

The tragedy is that Trump’s program will only strengthen the trend towards inequality.

We know something about billionaire consumption, but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics.

Let it be said at once: Trump’s victory is primarily due to the explosion in economic and geographic inequality in the United States over several decades and the inability of successive governments to deal with this.