Thomas Pilketty is getting bold. I think he is right, we do need radical solutions.
One of the reasons the Right online have so much trouble winning arguments with me is that I agree with them about the benefits of markets. I needed a part for my 20 year old lawnmower the other day, so I looked on eBay and found it for about £4.50, including postage. Amazing!
The government can't micro manage the economy, so it's best to let people get on with it themselves. But unfettered markets cause too much inequality which dampens the benefits of the market.
Thomas Piketty’s last blockbuster helped put inequality at the center of economic debates. Now he’s back with an even longer treatise that explains how governments should fix it –- by upending capitalism.
Piketty says his conclusion is that it’s a mistake to see inequality as rooted in nature, or driven by changes in technology. Its real causes are to be found in politics and ideology -- and that makes it easier to challenge.
William Horobin - Thomas Piketty Is Back With a 1,200-Page Guide to Abolishing Billionairestrue
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