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Thomas Piketty's research is backed by years of irrefutable, hard data. Debt is indeed a tool used by the haves to siphon money from the have nots. All the mor
by brndnmtthws 9y ago
Thomas Piketty's research is backed by years of irrefutable, hard data.
Debt is indeed a tool used by the haves to siphon money from the have nots. All the more reason for wealth redistribution.
- jamez1 9y agoThe general theme that inequality has risen is not in question, his solutions definitely are. His data is not irrefutable, it is pieced together from many different scrappy time series and has put some parts of his analysis in question. https://www.nytimes.com/2014/05/31/upshot/everything-you-need-to-know-about-thomas-piketty-vs-the-financial-times.html?mcubz=0 https://www.nytimes.com/2014/05/31/upshot/everything-you-nee... I also have to wonder where you get the idea that anything in economics is 'hard data', the world is a complex system, it's very rare for a simple answer to work. But a simple answer will sell books and be easy to promote by the media and politicians. That's why we always hear simple answers, not because they work.