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"r > g" -- Thomas Piketty, Capital in the 21st centuary If the rate of return on capital (r) is greater than the growth rate of the economy (g), then you almos
by gizmo686 9y ago
"r > g" -- Thomas Piketty, Capital in the 21st centuary
If the rate of return on capital (r) is greater than the growth rate of the economy (g), then you almost inevitably get an increasing concentration of wealth. That being poor actually costs money is just icing on the cake.
- nubbins 9y agoAnd if I remember r is always greater than g, except for around WWI and WWII. The rich will always get richer, short of anything like destroying and rebuilding the entire country.