Piketty's message in his latest book is that the evolution of income and wealth inequality is influenced by historical contingency and collective political action.
Rejecting the notion that large inequalities are inevitable in a well-functioning market, Piketty points to countries like Sweden as evidence that intentional policies can create equality.
He argues that the idea that disparities arise naturally leads to the belief that attempts to reduce inequality are futile or even harmful to growth.
Piketty’s contrasting example is the United States, where tax cuts led to rising inequality but did not translate into improved economic performance.
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