The nine justices of the SCOTUS are now in recess, leaving the rest of us the summer in which to reflect upon and digest their latest set of rulings. Because it is likely that both judgments will have long-term adverse consequences for progressive causes, a moment of reflection on that second judgment is well in order.
The battle to increase the minimum wage is everywhere, from global fast food worker protests and new local minimum wage laws to executive orders and passionate speeches from President Obama. It's worth considering whether minimum wage policies are sufficient to substantively address rising inequality and the broad decline of the middle class.
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."