“But how do you make that defense if the rich derive much of their income not from the work they do but from the assets they own? And what if great wealth comes increasingly not from enterprise but from inheritance?” After reviewing Capital in the Twenty-First Century by french professor Thomas Piketty, Paul Krugman reflects on why this particular book is reshaping the debate on wealth and inequality.
Tag: capitalism
What the fluck!
“I think there is an equally diffuse malaise today—waiting for a new kind of journalism to bring it into focus. Like with McClure’s it won’t be just a catalogue of shocking facts—it will be an imaginative leap that pulls all the scandals together and shows how they are part of some new system of power that we don’t fully comprehend.” Adam Curtis attempts to define the point at which journalism fails and modern power begins.