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I like reading PG's essays, but...I read a book on pretty much the same phenomenon ("Capital in the Twenty-First Century" by Thomas Piketty) a few months ago.

I like reading PG's essays, but...I read a book on pretty much the same phenomenon ("Capital in the Twenty-First Century" by Thomas Piketty) a few months ago. It took a lot longer to cover the same ground, but it also covered it a lot better, and a lot more persuasively. Not unsurprisingly, it is also a lot less sanguine about the impact of recent wealth trends.

lioeters 6y ago
> The central thesis of the book is that inequality is not an accident, but rather a feature of capitalism, and can only be reversed through state interventionism. > The book thus argues that, unless capitalism is reformed, the very democratic order will be threatened. https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...