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Capital and ideology. Piketty’s historical analysis of inequality around the world is fascinating, and even the wishful thinking underlying his ‘participatory socialism’ makes for interesting reading.”—Willem H. Buiter, Project Syndicate, “[A] sweeping survey of the root causes of inequality… Loaded with rich comparative data, much of which has been compiled for the first time. « Capital and ideology » is also based upon a number of research articles. 0
The lack of control over international capital flows allowed them to hide their money from tax authorities in tax havens such as Panama or the Cayman Islands. Thomas Piketty’s bestselling Capital in the Twenty-First Century galvanized global debate about inequality. Neo-liberals and conservatives abolished inheritance taxes, wealth was once more concentrated in a few families. It’s up to us to make our future. As a result, the rich avoided paying even the little taxes they were supposed to pay. The lowering of taxes for the rich was combined with cuts to the welfare system. The fall season shepherds in the beginning of a new school season, a time to begin or resume routines and learn new things. The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system. Since the 1980s, top income tax rates have fallen steadily. Markets, profits, and capital are all historical constructs that depend on choices. This lead to an increase in the overall level of inequality. The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system. There are four political camps today: social internationalists, social nationalists, elitist internationalists and elitist nationalists. Rather than imply that rising inequality is a problem inherent in capitalism, he now suggests that the levels of inequality we get are the ones we countenance—that they’re entirely a matter of political and ideological choices.”—Idrees Kahloon, The New Yorker, “Seven years after the publication of his best-selling Capital in the Twenty-First Century, Piketty returns with a global overview to understand some of the most pressing economic and social issues of our time.”—The New York Times Book Review, “The breadth of Piketty’s learning is extraordinary… Politicians who hope for more than a short durée in power would do well to digest the main thesis.”—Howard Davies, Literary Review, “Both a history of the world and a theory of history.
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