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April 20, 2021

Capital in the Twenty-First Century, Thomas Piketty (free-market, capitalism, inequality)

Capital in the Twenty-First Century, Thomas Piketty (free-market, capitalism, inequality)

Why is the gap between the rich and the poor widening? Why is the distribution of wealth in our society becoming more and more unequal? This book argues that unchecked capitalism has led to the rise in wealth inequality, and free-market economics cannot solve unequal wealth distribution. What is more frightening is that the increasingly powerful rentier class of the 21st century will perpetuate asset inequality from generation to generation. Therefore, we must have a stronger democracy to restrict the forces of capitalism.