'Capital in the Twenty-First Century:' A Harrowing 10 Year Retrospective
Maybe Pareto’s 80/20 Law is the actual Distribution, Marx too Dead to Rights - but Piketty gives us the exact play-by-play in Economic terms of how exactly Capital is making us Wage Slaves.
It is coming up on the 10 Year anniversary of French Economics Professor Thomas Piketty’s book Capital in the Twenty First Century. Where Marx made all sorts of odd and empirically lacking calculations of differing equations - what He and Piketty share is an understanding of the inexorable logic of Capital in producing concentration of Wealth in the Hands of the few. Marx philosophized it and Piketty proves it with relatively simple equations and formulas.
Yes it is true what Jordan Peterson says about Pareto distributions (the 20/80 law holds, as well as the top 1% conducting most of the gross product), yet it is more shocking to be handed extended and differential formulas for the recipe of how exactly Capitalism achieves such uneven distortion and concentration.
And at least as far as the argument goes and as much as I have grievances against the ruling liberal-Democrat Overclass, ‘Capital’ gives us systemic movement and systemic logic of our economic system. It is again Inexorable movement and Inexorable logic.
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