“What We Really Want To Focus On Is The Long-Run Evolution Of Wealth Inequality, And What’s Going To Happen In The Future”

In his TED Talk, “New Thoughts on Capital in the Twenty-First Century,” Thomas Piketty has good and bad news. The good: Wealth inequality, although severe now, is not as deep as a century ago. The bad: The shrunken wealth gap post-World War II was an outlier, not a norm that will reestablish itself for any long period under the present system.

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