The implications of this should be frightening for anyone who believes in a merit-based system. It means we are in danger of entering into an era that, like the 19th century in France and England, is socially and politically dominated by those with vast amounts of inherited wealth. Piketty describes it as the world of Jane Austen, in which people’s lives and fates are determined by their inheritance and not their talents or professional achievements. technologyreview/featuredstory/531726/technology-and-inequality/
Posted on: Thu, 06 Nov 2014 18:32:14 +0000
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