"The Underdogs" is a novel set during the Mexican Revolution, depicting the conflict from the perspective of the peasants who fought in it. The story follows the journey of a poor, illiterate Indian named Demetrio Macias, who becomes a reluctant leader in the rebellion against the federal government. The narrative explores the brutality and chaos of war, the corruption of power, and the often futile nature of rebellion, painting a grim picture of the human cost of revolution.

This book provides a comprehensive analysis of the dynamics of capital accumulation and distribution over the last few centuries. The author argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, leading to high levels of wealth inequality. The book further suggests that the level of income inequality is not primarily a result of differences in individual labor income but rather the result of differences in capital ownership and the income derived from it. The author proposes a global tax on wealth to prevent soaring inequality.