Piketty's concerns are relevant to the growing inequality in China that has resulted from adopting the neo-liberal capitalist model from the West. Hence, Piketty's reflection on mainstream Western economics indirectly treads a delicate ground in China. It fits right into the current raging debate over which path China's reformers should take in the next stage of "structural reform."
GM will start building Cadillacs in China, in an attempt to keep up with its insatiable demand for luxury consumption. While China's class divide offends human dignity, what is really scary is the way that we have been importing it into America via a trade policy that undermines the value of U.S. labor.