Category: Kwaisi France

piketty

Piketty Can’t Justify Sanders’ Fantasy Economics

  French economist Thomas Piketty claims capitalist societies, with rare exceptions, see ever-increasing concentrations of wealth. Currently, we’re in a destructive self-reinforcing trend back toward 18th- and 19th-century levels of inequality, he argues using data and economic theory. Piketty’s empirical work is both clearly impressive and ultimately unreliable.   Piketty...