Piketty joins a number of scholars raising significant questions - TopicsExpress



          

Piketty joins a number of scholars raising significant questions about how the global economic system will deal with such phenomena as robotics, the hollowing out of the job market, outsourcing and global competition. His prognosis is extremely bleak. Without what he acknowledges is a politically unrealistic global wealth tax, he sees the United States and the developed world on a path toward a degree of inequality that will reach levels likely to cause severe social disruption. By social disruption he must mean a global economic, social and political revolution where the new class of the dispossessed has no choice but to fight for a system that can provide them the necessaries of life.
Posted on: Thu, 30 Jan 2014 15:15:54 +0000

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