Piketty's central theme is not that inequality of the ownership of wealth is going to skyrocket. The central theme is that the 1% already owns a lot of the capital stock, and the capital stock is going to get gigantic relative to the rest of the economy. Whatever the weakness this meg-tome and mega-best seller, there is no denying - the rich are getting richer, the poor, poorer. (And Piketty is not a Marxist.)
The former Treasury Secretary’s new book shows misunderstanding of the Great Recession’s causes
New from Playing for Change: Words of Wonder / Get Up Stand Up. Unlocking the Cage: A ground-breaking documentary from Chris Hegedus and D.A. Pennebaker. Thomas Piketty's 'Capital' in 3 Minutes. Meet Emily: Tech Demo.
BBC's Policy Editor Chris Cook tells you everything you need to know about Thomas Piketty's landmark book on inequality: Capital in the twenty-first century.
Economist Paul Krugman explains how the United States is becoming an oligarchy - the very system our founders revolted against.
This working paper was prepared for a forum on the top one percent to be published in the Summer 2013 issue of the Journal of Economic Perspectives. It is an analysis of the pay of the top 1 percent, specifically CEO's and top financial professionals as a form of "rent." In other words, the pay is not related to the talent or the productive effort of these individuals and if it were cut through taxation, there would be no harm to the economy.
Wage theft ... it's not clownish, not right, and not legal. Which is why McDonald's is being sued.
Seven reasons why we should be raising the federal minimum to $15 an hour
Walmart employees consume billions in food stamps each year, but raising their wages to a point where they wouldn’t need them anymore would only increase prices by about 1.4 percent
Lewis’s depicts the kind of high-frequency trading that can transmit stock market information from New York to Chicago and back in one-tenth of the blink of an eye and has divided the world of stock traders into the haves and have-nots, depending on what speeds they can afford.
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