"What’s now captured the interest of intellectuals is the elephant chart, the idea that over the past 30 years the winners were…
“What’s now captured the interest of intellectuals is the elephant chart, the idea that over the past 30 years the winners were emerging market middle classes and the 1 percent in developed markets, but the developed markets’ middle classes were stagnant,” he wrote. “And I think we’ve finally found the correct framework for thinking about intersection of politics and macroeconomic trends.”