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Piketty’s solution is that we move beyond private ownership to some blend of private, public, and temporary ownership. (Total abolition of private property, à l
by thedudeabides5 6y ago
Piketty’s solution is that we move beyond private ownership to some blend of private, public, and temporary ownership. (Total abolition of private property, à la Soviet Union, for Piketty, was an ill-advised failure.) Since many societal goods are often already owned publicly, like electrical grids, highways, or parks, and some are owned communally, like worker cooperatives, it is easy to imagine this realm expanding.
1800 words into the article and finally we get the grand plan.
Like the rest of Piketty's work, yell real loud about a real pain, make interesting allusions to economic history, and offer no real solutions.