Plutonomists, like real-world economists, know that the main determinant of income and wealth distribution is the legal framework in which an economy functions. The Plutonomy Movement, by far the most powerful political force of our age, is founded on the underground application of this basic principle. Occasionally this becomes manifest when one of plutonomy’s strategic documents is leaked. Such an event happened last week when the Bank of American Merrill Lynch report “Piketty and Plutonomy: The revenge of inequality” found its way into non-plutonomist hands.
Real-World Economics Review Blog
Piketty, plutonomists, and the legal framework
Edward Fulbrook
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