General Discussion
In reply to the discussion: I was born in 1960. [View all]pat_k
(12,010 posts)Thomas Piketty's Capital in the 21st describes the vicious cycle of capital accumulation and it's corrupting effects on society and general well-being.
He uses historical data from the 19th and 20th centuries to argue that wealth inequality is increasing in the 21st century, particularly because the rate of return on capital (r) historically exceeds the rate of economic growth (g), a trend observed over extended periods. The book's core argument is that this tendency leads to greater accumulation of wealth by capital owners and contributes to rising inequality, a pattern seen to be re-emerging after a post-World War II dip in inequality.
And his proposals for countering in that book, and subsequent books, are things we must work to make happen -- and should be loudly advocating NOW to actually address what so many in this nation are furious about. We will defeat the regime. We can (and must at least TRY to) build a bright future for those who come after us.
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