See the review of this new book, Capital in the 21st Century, by Thomas Piketty. A few edited excerpts:
"Worsening inequality is an inevitable outcome of free market
capitalism. [...] Capitalism’s inherent dynamic propels powerful forces
that threaten democratic societies. [...] Traditional liberal government
policies on spending, taxation and regulation will fail to diminish
inequality. [...] The rise in inequality reflects markets working
precisely as they should."
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