Friday, March 28, 2014
Saving Capitalism From Capitalists
The Financial Times provided Thomas Piketty a platform to explain how capitalism can be saved from capitalists. He suggests that we could return to the political environment of the 1930's if inequality continues to rise rapidly and pressures increase on the state to make the system less inclusive. Its unlikely that this warning will influence many capitalists. However, it does suggest that Piketty is not an enemy of capitalism. He believes that it is important to retain the benefits of capitalism by sharing the benefits more broadly.