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For Piketty, 2013-15 were years of lost opportunity: Europe voted right, it placed the former head of a tax haven in charge of its entire governance; it drifted.
But just as globalization is stimulating this pressing demand for responsive governance, it is also ensuring that its provision is in desperately short supply.
But without governance it all looks very shaky.
But without governance it all looks very shaky," says Foden.
"If [Japan] fails to implement appropriate corporate governance, it could lose the market's trust," he said.
When it comes to governance, it is helpful to borrow a lesson from the corporate world.
MasterCard says that without dual governance it might not survive as a worthy rival to Visa.
Given the dysfunctional state of English football governance, it is tempting to wonder at the parallels.
"But this is governance; it has nothing to do with politics".
A billion-person blocking minority is not an obstacle to global governance; it is the end of global governance.
Better governance, it is argued, comes from making non-executive directors more independent and giving them more work to do.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com