Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis. The reviewer thinks much can be gleaned from Piketty's work.
The Guardian (UK)
Rising inequality is largely to blame for this electoral upset. Continuing with business as usual is not an option. People have lost their sense of security, status and even identity. This result is the scream of an America desperate for radical change. People have a right to be angry, and a powerful, intersectional left agenda can direct that anger where it belongs. Thomas Piketty and Naomi Klein offer up interesting analysis.
Foreign Policy in Focus
The Vermont senator's success so far demonstrates the end of the politico-ideological cycle opened by the victory of Ronald Reagan at the 1980 elections. Piketty's doesn't see Sanders as following in the footsteps of Europe's social democratic models, but rather leading the United States toward a possible return to the nation's pioneering 20th century experiments with extremely progressive taxation and social spending.
The New York Review of Books, February 25, 2016 issue
Only a genuine social and democratic refounding of the eurozone, designed to encourage growth and employment, will be sufficient to counter the hateful nationalistic impulses that now threaten all Europe. We should put together a conference of eurozone nations on debt-just like those that were held in the postwar years, to the notable benefit of Germany. The objective would be to reduce public debt as a whole.
In a speech challenging both national and global inequality, with a particular focus on France and South Africa, economist Thomas Piketty concluded with calls for taxes on wealth, and a public global registry of financial assets to make that possible. The speech evoked a frenzy of comment - from praise to denunciations of Piketty's analysis as Marxist or alternately, unrealistic, to those who criticized him for having a flawed analysis that disregarded Marxist insights.
Tidbits - June 18, 2015 - Bernie Sanders, Tamir Rice, Kalief Browder, Ella Baker, BDS, Low-Income Schools, Paul Robeson, and more...
Reader Comments: Bernie Sanders; Tamir Rice; Kalief Browder; Ella Baker; BDS; Low-Income Schools; Rachel Dolezal; TPP; Edward Snowden; Greece; Bessie; Okinawa; Puerto Rico; Jazz; Watts Rebellion; Immigration; Announcements: March to Shut Down Rikers; Detroit Tribute to Paul Robeson and His Work for Peace; Solidarity Delegation of 20 US Activists to Visit Venezuela
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26 top world economists say austerity is not working, won't and can't. The future of the EU is at stake in the negotiations between Greece and its creditor institutions, now close to a climax. To avoid failure, concessions will be needed from both sides. From the EU, forbearance and finance to promote structural reform and economic recovery, and to preserve the integrity of the Eurozone.