Thomas Piketty explains why the world is ripe for ‘participatory socialism’ — Marcus Baram interviews — Thomas Piketty

Transcript of an interview about Thomas Piketty's latest book,  Capital and Ideology.

Fast Company
Thomas Piketty explains why the world is ripe for ‘participatory socialism’
Marcus Baram interviews Thomas Piketty

Andrew Gelman — Meritocracy won’t happen: the problem’s with the ‘ocracy’

In a meritocracy, the whole point of having “merit” is that you can run things (“ocracy”), and one of the points of running things is that you can get nice things for your family and friends. 

So I think Reich’s argument would be stronger if he would go directly to the social, economic, and political consequences of inherited wealth and skip the bit where he idealizes meritocracy.

The Washington Post
Meritocracy won’t happen: the problem’s with the ‘ocracy’
Andrew Gelman | Professor of statistics and political science and director of the Applied Statistics Center at Columbia University

(h/t Mark Thoma at Economist's View)