Yves Smith — How the Democrats are Using Piketty’s Book on Inequality

Puts the finger on the inequality issue as more political then economic, about power as much as more than income and wealth distribution, since it is power that result in asymmetrical distribution, especially in an environment where economic rent dominates.

Yves here. We’ve remarked before that the Democratic party apparatus has been pushing Thomas Piketty’s book Capital in the 21st Century as a way to promote the party’s flagging fortunes. That might have seemed to be an extreme claim. But in this Real News Network interview, political scientist and seasoned intrigue-watcher Thomas Ferguson explains how the White House signaled its interest, not just in inequality as an issue, but in Piketty in particular.

Naked Capitalism
How the Democrats are Using Piketty’s Book on Inequality
Yves Smith