The reaction to French economist  Thomas Piketty’s ‘Capital in the Twenty-First Century’ shows the rising tide of anxiety about inequality. Photograph: Fred Dufour/AFP/Getty Images

Opinion: Inequality damages the economy and efforts to remedy it are, on the whole, not harmful

“The total assets of a number of big banks have continued to soar: institutions with assets of $2 trillion are common. Such banks remain highly interconnected, though the extent of this might have diminished recently.” Photograph: Andy Sacks/Getty Images

Opinion: the problem is not only the subsidy for bank risk-taking, it is also the likelihood of disasters

The People’s Bank of China has argued that an open capital account would improve the quality of Chinese foreign assets, promote cross-border use of the renminbi and help the country’s enterprises restructure. Photograph: Reuters/Petar Kujundzic

Opinion: Beijing needs to reform before opening national savings of $5 trillion to the world

A clerk at a branch of China Merchants Bank, in Hefei, Anhui: China will not have a financial meltdown, but reform and rebalancing are essential. Photograph: Reuters

Growth cannot be sustained by increasing indebtedness indefinitely

An employee arranges stock under price tags at a supermarket in Huaibei, Anhui province. Photograph: Reuters

Beijing clearly recognises the need for action –the question is whether corrective forces overwhelm its efforts

European Central Bank president Mario Draghi  (centre) with Minister for Finance Michael Noonan and European Economic and Monetary Affairs Commissioner Olli Rehn attend an euro zone finance ministers’ meeting in Brussels on Monday. Photograph: Reuters/Francois Lenoir

Fear is the bank may be forced to pretend low inflation is not a threat because it cannot agree on what to do about it

People lay flowers and pay their respects at a memorial for anti-government protesters killed in clashes with police in Independence Square in Kiev, Ukraine.  Photograph:  Brendan Hoffman/Getty Images

‘The country will need to move towards new rules of the social game: it must engender true citizens, honest guardians, proper mark(...)

The prospect of far better lives depends on how the gains are produced and distributed

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