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Capitalism - Thomas Piketty

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by

Sofie Andersen

on 20 May 2014

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Transcript of Capitalism - Thomas Piketty

740 Park Avenue
Unions
"If we try to go down the path where we have to put the government in the place to equalize the results of people's lives where we try to equalize incomes, we will all be more equally miserable." - Paul Ryan
Liberal capitalists - Park Avenue
Liberal Capitalism in the US
The capital on Capital Hill
Money for results?
Lobbyism
Policies at Capital Hill
Political power to the people removed

Decline of the unions
$1.25
Tuesday, May 20, 2014
Vol XCIII, No. 311
"Capital in the Twenty-First Century"
"Capitalism" - General Approaches
Opposing theories
In relation to "Capital"
The US income distribution is unequal.

The path to prosperity vs. progressive wealth tax.

In a society dominated by wealth, money will buy power.
Capitalism - Thomas Piketty
The monopoly experiment
Capitalism and Politics
Outline what are the main contents and general approaches taken by Thomas Piketty?
1) Piketty emphasizes, that the huge rise in labour earnings at the top of US income distribution is overwhelming

2) Piketty’s theory of capitalist accumulation

3) “Unrealistic” policy recommendations

Reactions
Supporters and critics

Thomas Piketty - French economist

The "capital" in his title — almost always grow faster than people's wages.

Debate - the outlook for global inequality.




The books historical perspective is crucial
Full transcript