Sunday, 30 April 2017

Piketty theory not only explanation of Inequality

False triumphalism implied by headline! As the Rich own or control most if not all the media they are hanging on to any bit of 'evidence' that might justify extremes of income and wealth inequality. Of course, Piketty's theory is not the only explanation of inequality, it might not be scientific truth but it is one strand of thought that helps to explain inequality - among many others, such as legal structure of corporations, inheritance tax levels, copyright laws etc.
Sunday Times Rich List 2017: Richest people in Britain data vs Piketty theory - Business Insider

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