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Thomas Piketty - even best opportunists are idiots
  • The French edition of “Capital and Ideology,’’ weighing in at 1,232 pages, comes out on Thursday (English speakers will have to wait till next year for a translation). It’s a sequel to “Capital in the 21st Century,’’ which has sold more than 2.5 million copies in 40 languages since 2013, according to its publisher.

    “The time has come to exit this phase of making property sacred, to go beyond capitalism,’’ the economist told French magazine L’Obs.

    Piketty says his conclusion is that it’s a mistake to see inequality as rooted in nature, or driven by changes in technology. Its real causes are to be found in politics and ideology -- and that makes it easier to challenge.

    Wow. It is like making

    just to telling avoid obvious and real causes.

    Piketty argues that no shareholder should control more than 10% of voting rights at a company –- even if they hold a much bigger stake.

    Yep, and every day must be sunny and warm, let's pray.

    Piketty’s “inheritance for all’’ would grant all French citizens a lump sum of 120,000 euros ($132,000) when they reach the age of 25.

    Another return of "we will give you something, may be, if you behave good".

    He advocates a wealth tax to enshrine the idea that ownership of property above a certain value can only be “temporary’’

    He just never tried to really implement this (nice to read history of raging wars with communists on this, including few stories of total genocide).

    “The system I propose makes it possible to own several million euros, or even tens of millions, at least for a while. But those with several hundred million euros, or several billion, will have to share power.’’

    Whole point of communism is to make all means of production common and allow each talented guy to influence products being made. And all we hear here is blatant idiotic fantasies made to just make capitalists calmer and add lot of shit on the ears of wide public.

  • 2 Replies sorted by
  • Proper menshevik stuff that need to turn back his head on its feet. The good thing about Piketty is that he never pretend to be revolutionary - on the contrary ! He never quote Marx and forget the theory of value - blind spot of his work. Outside France any capitalist sees him as a leftist. Just a soc dem who have time to dream of fairy tales : Let's run the ballet another danse before the collapse.

  • @astraban

    Well, it is more like something from "euro communists" stuff. Something they like to talk about during celebration dinner at some rich guy villa.