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Meanwhile other people are pretty happy with the (r>g) gradual decline into feudalism driven by asset and land ownership accumulating in fewer and richer hands.
by pydry 4y ago
Meanwhile other people are pretty happy with the (r>g) gradual decline into feudalism driven by asset and land ownership accumulating in fewer and richer hands.
- sooheon 4y agoI love Piketty for bringing the data, but it's clear that r incorrectly lumps together land and capital. R can be decomposed into returns to land (rent) and returns to capital, and the former is much more pernicious. https://equitablegrowth.org/land-rather-than-capital-the-long-run-oppressor-of-the-workers/ https://equitablegrowth.org/land-rather-than-capital-the-lon...