Capital in the Twenty-First Century, Thomas Piketty

 

Capital in the Twenty-First Century by Thomas Piketty has been hailed by a bunch of people as the key to current economics.

Started: 7/8/2021
Completed: 10/15/2021
Recommendation: Highly Recommended
Recommended By:  Nobody in particular...keeps showing up in articles I read

Words for which I sought Help:

lacuna -- an unfilled space or interval; a gap

Review:

"When the rate of return on capital exceeds the rate of growth of output and income...capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based."

This book explains, in good detail, how capitalism can destroy democracy and how democracy can bring capitalism in line.  Of course, the risk is serious and imminent.  The book is about 10 years old, but still holds up well.  I would really like to see more about how the most recent changes in the economy effect what Piketty says.