Capital in the Twenty-First Century by Thomas Picketty. A - TopicsExpress

Capital in the Twenty-First Century by Thomas Picketty. A brilliant comprehensive and revolutionary tome. If Pickettys correct, Downton Abbey coming back. The growth of a meritocracy is returning to the simple worship of Capital. ...the fundamental problem is remuneration committees that effectively enable executives to set their own salaries. The 21st century is also different because today wealth is primarily tied up in residential property rather than in agricultural land. And this is why falling rates of home ownership among younger generations in Australia are such a worry. The middle third are starting to lose the means to accumulate significant wealth. abc.net.au/news/2014-04-22/daley-were-on-the-cusp-of-a-second-gilded-age/5403744

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