I am a staunch believer in the free market, competition and - TopicsExpress

I am a staunch believer in the free market, competition and commerce. That being said, here is a cold, sad, truth about American Capitalism... The core message of this enormous and enormously important book can be delivered in a few lines: Left to its own devices, wealth inevitably tends to concentrate in capitalist economies. There is no natural mechanism inherent in the structure of such economies for inhibiting, much less reversing, that tendency. Only crises like war and depression, or political interventions like taxation (which, to the upper classes, would be a crisis), can do the trick. And Thomas Piketty has two centuries of data to prove his point. io9/why-everyone-is-talking-about-an-academic-treatise-on-e-1582336090?utm_campaign=socialflow_io9_facebook&utm_source=io9_facebook&utm_medium=socialflow

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