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I agree with Piketty that inequality is a political choice. Keep in mind pre-communist China rulers often would flip the “capitalism” switch and redistribute w
by jollofricepeas 3y ago
I agree with Piketty that inequality is a political choice.
Keep in mind pre-communist China rulers often would flip the “capitalism” switch and redistribute wealth whenever they felt inequality was too high.
See: https://en.m.wikipedia.org/wiki/The_Story_of_Civilization https://en.m.wikipedia.org/wiki/The_Story_of_Civilization
BUT…
Piketty is only one opinion ANd he also very much believes there’s wealth and income inequality.
Additionally many economist disagree with his point of view.
https://www.chicagobooth.edu/review/how-piketty-is-wrong-and-right https://www.chicagobooth.edu/review/how-piketty-is-wrong-and...