Capital in the Twenty First Century
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In the meantime it's getting big attention in the US financial press, and looks like it will fuel a debate about inequality. I'm keen to unde..."
The book is already in print in English and has been for a while.


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In the meantime it's getting big attention in the US financial press, and looks like it will fuel a debate about inequality. I'm keen to understand the detail of Piketty's analysis, but whatever it is, the public debate is sorely needed, and I hope that labour unions in particular will pay it attention.
This is what a couple of reviewers say:
Economist - http://www.economist.com/blogs/freeex... "We are all used to sneering at communism because of its manifest failure to deliver the sustained rates of growth managed by market economies. But Marx's original critique of capitalism was not that it made for lousy growth rates. It was that a rising concentration of wealth couldn't be sustained politically. Ultimately, those of us who would like to preserve the market system need to grapple with that sort of dynamic, in the context of the worrying numbers on inequality that Mr Piketty presents."
NY times Capitalism vs Democracy - http://www.nytimes.com/2014/01/29/opi...
"Piketty proposes instead that the rise in inequality reflects markets working precisely as they should: “This has nothing to do with a market imperfection: the more perfect the capital market, the higher” the rate of return on capital is in comparison to the rate of growth of the economy. The higher this ratio is, the greater inequality is....The only way to halt this process, he argues, is to impose a global progressive tax on wealth – global in order to prevent (among other things) the transfer of assets to countries without such levies. A global tax, in this scheme, would restrict the concentration of wealth and limit the income flowing to capital." (But I ask - WHO would impose this tax? - I think labour needs to organise and be very strong about it, because capital will use all its might to resist.)