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Picketty discussed the relationship between wealth inequality and the world wars. Specifically, he notes how these wars served the function of destroying wealth
by danemacaulay 8y ago
Picketty discussed the relationship between wealth inequality and the world wars. Specifically, he notes how these wars served the function of destroying wealth accumulation centers and effectively redistributing them. He cynically notes that if we don't do anything that we may end up seeing another war do it for us...
- majewsky 8y agoI'm skeptical that we'll see another world war. Or if we do, it'll be over really quick. Because whoever ends up being enemies of China will be cut off from access to advanced electronics, which are quickly becoming more and more important in warfare. (I'm not saying that there are no fabs anywhere outside China, but if e.g. Germany decides to start WW3, they'll have a hard time producing enough electronic components given the existing foundries in the country.)