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I'm only part way through the book, but to give a counterpoint from it, one of Piketty's examples is from a Balzac story, which describes a situation where basi
by twelvechairs 13y ago
I'm only part way through the book, but to give a counterpoint from it, one of Piketty's examples is from a Balzac story, which describes a situation where basically those in the top 1% of jobs earn nothing compared to those with the top 1% of accumulated capital.
So imagine if you can't even earn money through a good invention because the money would go to the project's financiers instead of you. This is the sort of world Piketty is worried will return and stifle invention.