Brad DeLong — Afternoon Must-Read: Martin Wolf: Review of ‘Capital in the Twenty-First Century’, by Thomas Piketty

Martin Wolf goes there. Unequal wealth equals unequal power and greatly unequal power spells the end of democracy.

Like I've been saying, neoliberal capitalism is antithetical to democracy in that it results in oligarchic plutocracy through the power and influence that great wealth involves in a political system based on politicians financed by donors and a revolving door between the corporate sector and government.

WCEG — The Equitablog
Afternoon Must-Read: Martin Wolf: Review of ‘Capital in the Twenty-First Century’, by Thomas Piketty
Brad DeLong