4 ms·
>Furthermore, the wealth inequality cryoshon is writing about is not driven by startups, it's driven by a general breakdown in the implicit social contract betw
by cryoshon 11y ago
>Furthermore, the wealth inequality cryoshon is writing about is not driven by startups, it's driven by a general breakdown in the implicit social contract between capital and labor. As OP notes, Piketty goes into great detail about the historical causes and likely effects, but the tl;dr (and his book is _very_ tl) break down to: when returns on capital are higher than overall economic growth, wealth will tend to aggregate.
Yes, this is exactly it. I also agree re: Piketty being quite verbose... many of the same old points rehashed again and again.