Why didn't he mention that democracy is a big part of the problem, state feeds the youth an education and medias that will model their way of thinking, especially in places where entertainment and education are heavily subsidized (in most countries actually, for very good control reasons) than they get to vote through the thinking instilled to them. Democracy feeds status quo. When it's a culture of parasitism like in France, solutions proposed usually include higher taxes and guys like Piketty are hailed as heroes. Shame.
Not that dictatorships don't control the education and media, but at least if the people in power decide to give a new direction to the country they can do it without the need to change the minds of their citizens before the next élections, which is not long enough to avoid beeing kicked out of power..
Last few decades have shown big successes from non democratic countries, in the Middle East and Asia, not sure they have anything to envy to western democracies as a political model.