More on capitalism

The NYT published an oped about a French book by an economist (English version coming out soon) that promises a lot of debate: Capitalism vs. Democracy.

Just the few first lines give an idea of its potential impact: "Thomas Piketty’s new book, ‘Capital in the Twenty-First Century,’ described by one French newspaper as a ‘a political and theoretical bulldozer,’ defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism. Piketty, a professor at the Paris School of Economics, does not stop there. He contends that capitalism’s inherent dynamic propels powerful forces that threaten democratic societies."

Reeeeally? Whoda thunk?


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