These are to a large extent the same observations as the ones made by Thomas Piketty in _Capital in the 21st Century_. I’m a classic liberal in the Smith/Mill s

These are to a large extent the same observations as the ones made by Thomas Piketty in _Capital in the 21st Century_. I’m a classic liberal in the Smith/Mill sense, but nevertheless found it to be a thoughtful criticism of the capitalistic system. Besides a thorough look at the dynamics of wealth and income inequality, Piketty’s main thesis is that the higher rate of return that you typically see on capital, as compared to the equalizing effects of economic, will lead to an ever increasing concentration of wealth unless checked. I didn’t find his position to be anti-entrepeneurial, rather he seems bothered by the fact that collecting rent tends to pay better than value-creation through labour, including entrepeneurial efforts.