Rob Urie — Off With Their Heads, Thomas Piketty Edition

Regardless of whether there were errors in his research a copious amount of other research showing essentially the same tendencies he identified is available to anyone who cares to look. In fact, a lot of the griping from the economic left, such as it is, was that it took Mr. Piketty putting his research into the wholly improbable frame of mainstream economics before ‘income inequality’ went mainstream as a political issue.... 

To those as yet undamaged by an ‘education’ in economics, there are an infinite number of challenges to any configuration of economic data. Readers are welcomed to challenge this data and the way that I’ve arranged it. But before going public, pulling a ‘Chiles,’ look at the other evidence. The U.S., and the West more broadly, is in the midst of a class war launched from above and there is little time for gullibility being passed off as ‘reason.’ I couldn’t care less about Mr. Piketty and I would prefer that he, the Federal Reserve, the Census Bureau and the entire income ‘inequality’ industry were simply wrong about present circumstance and trajectory. But they aren’t. Someone else can do the work on ‘income inequality’ if they care to. To save readers the suspense, it looks pretty much like Messrs. Saez and Picketty say it does.

Counterpunch
Off With Their Heads, Thomas Piketty Edition — Hatchet Job at the Financial Times
Rob Urie