Wednesday, January 29, 2014

Capital in the 21st Century

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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