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
How Liberty Upsets Patterns
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*Applied to Protectionism*
On his CafeHayek blog today, Don Boudreaux gave a great quote from a book
by William Graham Sumner. The book is titled *Protec...
6 hours ago
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