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He must surely be an embedded character with such a prestigious background, promoted in the media, talks at the WEF, etc. Whatever he is proposing will be milk
by verisimi 3y ago
He must surely be an embedded character with such a prestigious background, promoted in the media, talks at the WEF, etc. Whatever he is proposing will be milk toast to the billionaires - a lighting rod to direct peoples' frustration to somewhere that won't cause any harm to those billionaires.
Institutions:
Paris School of Economics
School for Advanced Studies in the Social Sciences
London School of Economics
Massachusetts Institute of Technology
- 7thaccount 3y agoAre you referring to Piketty's work and folks like Krugman going on interviews to talk about it?
- verisimi 3y agoI'm making the point that the way legislation etc is drafted, the clauses that are allowed - the whole captured system really, that allows the very rich to be able to increase their wealth through inheritance, is problematic if it is seen to be unfair. People will get angry, as inflation, carbon taxes, etc start to bite. The billionaires will feel some heat. In order to manage that tension, you need certain people who appear to be against you, but are actually in your pocket. Picketty is surely one of those. He will say contentious things, that appear to be critical of billionaires, but his real job is to help manage popular discontent, by sucking up the air from others whose response that would be more problematic to those billionaires.