While we worry about ISIS, the real danger to world peace continues to grow and tighten its hold on the resources of humankind...

A new survey shows that 155 billionaires were minted this year, pushing the total population to a record 2,325 – a 7 percent increase from 2013. Credit goes to the United States – home to the most billionaires globally – where 57 new billionaires were recorded this year, according to the Wealth-X and UBS Billionaire Census 2014 released on Wednesday.
The reason to be deeply pessimistic about the future is that there seems to be no way to reverse this process. Wealth is effortlessly moving up and up. And once most of it is up there (possibly 80 to 90 percent), it will likely remain there until hit by a catastrophe of a scale our worst nightmares can never match. This is Thomas Piketty's point in Capital in the 21st Century. He sees the steep increase in the upward movement of wealth as a law of capitalism (r > g, which means the normal state of things is that the return on wealth surpasses economic growth). The only time this law snapped was in the middle of the 20th century. And this snap has its cause in two massive wars that killed a total of 30 million people (before the WW2, the human population was a third of what it is today).

Piketty believes the solution to this dangerous situation is a form of global tax. But what is not to be found no matter where or how hard one looks is the political power or form that can implement such a policy. The ISIS is nothing but a walk in the park when placed in the wider context of a future that's looking more and more like Europe before the outbreak of the WW1.