By: John Harris
Front Page | No Video | NSFW | Originals | Real Life | Regular | Source: WP All Import
Royalty-Free Photos Of Fat Dogs With Quotes From Thomas Piketty’s ‘Capital In The 21st Century’
Here are as many royalty-free photos of big fat dogs as I could find, paired with quotes from Capital In The 21st Century, Thomas Piketty ‘s groundbreaking treatise on wealth inequality:
‘To my knowledge, no society has ever existed in which ownership of capital can reasonably be described as ‘mildly ‘ inegalitarian, by which I mean a distribution in which the poorest half of society would own a significant share (say, one-fifth to one-quarter) of total wealth.”
‘Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers.”
‘The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge.”
‘The bad news (or good news, depending on your point of view) is that things have always been like this.”
‘Modern redistribution is built around a logic of rights and a principle of equal access to a certain number of goods deemed to be fundamental.”
‘In countries where income from labor is most equally distributed, such as the Scandinavian countries between 1970 and 1990, the top 10 percent of earners receive about 20 percent of total wages and the bottom 50 percent about 35 percent. In countries where wage inequality is average, including most European countries (such as France and Germany) today, the first group claims 25 ’30 percent of total wages, and the second around 30 percent. And in the most inegalitarian countries, such as the United States in the early 2010s (where, as will emerge later, income from labor is about as unequally distributed as has ever been observed anywhere), the top decile gets 35 percent of the total, whereas the bottom half gets only 25 percent.”
‘How far do equal rights extend? Do they simply guarantee the right to enter into free contract ‘the equality of the market, which at the time of the French Revolution actually seemed quite revolutionary?”
‘Can we imagine political institutions that might regulate today ‘s global patrimonial capitalism justly as well as efficiently?”
‘A tax on capital would promote the general interest over private interests while preserving economic openness and the forces of competition.”
‘Divergence will increase. I will come back to this point.”
