![]() ![]() But he is unsystematic and inconsistent in explaining why inequality on the order he has exposed it is a societal problem in need of a solution. Piketty claims that the “ideal” solution to the problem of inequality is a global tax on wealth. ![]() This thesis shows that Piketty, however, has an inadequate grasp on how institutions may be prior to (r>g) and that he all but ignores political power-structures. But Piketty also offers a political theory explaining how different governmental interventions can prevent inequality from rising to problematic levels. When return to capital (r) surpasses total national growth (g) then inequality will have a tendency to rise. The theory can be summed up by the formula: r>g. Piketty presents us with a general theory that shows how inner divergent forces tend towards higher concentration of wealth in the hands of relatively few owners of capital. ![]() This thesis seeks to make an immanent critique of Thomas Piketty's book ”Capital of the 21st century” (referred to as Capital from now on) by taking the justificatory framework presented to its logical conclusion. ![]()
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