“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: income
The austerity agenda
“So the austerity drive in Britain isn’t really about debt and deficits at all; it’s about using deficit panic as an excuse to dismantle social programs.” Paul Krugman is convinced that ulterior motives determine current policies in the UK and elsewhere.