For years, wealth and income inequalities have been rising within industrialised countries, kicking off a broader debate about technology and globalisation. But at the heart of the issue is a fundamental good that has been driving social and economic inequality for centuries: real estate, writes

Once upon a time, everyone assumed that there was a single phenomenon called globalisation, whereby cross-border flows of financial capital drove innovation, industrialisation, development, and trade, writes Harold James.

Falling prices are less of a threat to global economies, but will pose challenges as political instability hits corrupt governments that control much of the world’s oil, writes Harold James