The Security Risks of Rising Inequality
Abstract
The French economist Thomas Piketty declared that persistent socioeconomic inequality has contributed to the rise of the Islamic State, aka ISIS, in the aftermath of November 2015 terrorist attacks in Paris. His declaration created a storm of controversy. Piketty is not a stranger to controversy. In 2014, Piketty had been credited with bringing the subject of inequality into popular consciousness with his much-acclaimed book Capital in the Twenty-First Century. 1 The book had many critics as well as fans, but all of them agreed that his work created a level of interest in this topic that has not been seen since Keynes General Theory. Other modern-day economic titans such as Robert Shiller, Paul Krugman, Joseph Stiglitz, and Robert Reich have been beating the drum about the rising inequality phenomenon since the recent global financial crisis,
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 2018
- Accession Number
- AD1060862
Entities
People
- Miemie Winn Byrd
Organizations
- Asia-Pacific Center for Security Studies