The argument on rents is important because, if correct, it means that there is nothing intrinsic to capitalism that led to this rapid rise in inequality... Wha

The argument on rents is important because, if correct, it means that there is nothing intrinsic to capitalism that led to this rapid rise in inequality... Whatever the paper shows, I'm not sure you can draw this conclusion from it. The fact that systematic inequality takes some specific form and prefers some assets over others doesn't mean that it isn't a feature of capitalism, only that within capitalism, not all assets behave identically. I'm not sure why you would expect them to.