I havent read the book, though its sure getting talked about A LOT - TopicsExpress



          

I havent read the book, though its sure getting talked about A LOT out there. But when I read this bit of the Economists review, I thought: so theyre really getting scared that the PITCHFORKS & TORCHES are imminent! We are all used to sneering at communism because of its manifest failure to deliver the sustained rates of growth managed by market economies. But Marx’s original critique of capitalism was not that it made for lousy growth rates. It was that a rising concentration of wealth couldn’t be sustained politically. Ultimately, those of us who would like to preserve the market system need to grapple with that sort of dynamic, in the context of the worrying numbers on inequality that Piketty presents. (The Economist 2014-01-09 j.mp/1mFgZTT)
Posted on: Sat, 17 May 2014 18:00:10 +0000

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