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Thread: "Capital" by Thomas Piketty - A book I'm sort of not smart enough to read

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    Default "Capital" by Thomas Piketty - A book I'm sort of not smart enough to read

    I'm struggling through this book but I'm putting a good bit of work into understanding it, so it's been a satisfying experience thus far. I like the idea of having a real economic basis behind my liberalism. I find it interesting how this book undermines conservative ideas of meritocracy by showing that the elites enjoy disproportionate benefits from a higher rate of return on capital during different cycles of the economy. As well as the changing level of importance on inheritance in different cycles.

    I figured that maybe this book is controversial enough to warrant it's own thread. And nothing else is going on here anyway.

    So, any opinions?
    Last edited by bighead384; 10-27-2015 at 08:10 AM.
    When they said "sit down", I stood up.

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    Sure...99% of liberals are full of shit. The other 1% are liars.

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    Quote Originally Posted by bighead384 View Post
    I like the idea of having a real economic basis behind my liberalism.
    I've been going through something similar but I've been trying to educate myself with internet articles rather than books. Essentially I was inspired by the belief that austerity is a political choice and not in any way an economic necessity and really wanted to be able to back that up with something beyond just lamely saying "many economists agree".

    On a loosely related note, I love that Bill Gates has recently said that it's a complete myth that the private sector is more innovative or efficient than the public sector and that only socialism can save us from climate change because corporations are too inherently selfish/greedy to do anything about it. It really highlights the conservative economic lie that capitalism is what drives society forward and quite bluntly demonstrates that capitalism is literally on track to destroy us all. Coming from such a preeminently successful capitalist these words have real weight. Nobody can say that this man does not understand business or know what he's talking about. This is an expert opinion.

    Hey bighead, are you on facebook?
    Today a young man on acid realized that all matter is merely energy condensed to a slow vibration, that we are all one consciousness experiencing itself subjectively, there is no such thing as death, life is only a dream, and we are the imagination of ourselves. Bill Hicks

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    They say capitalism is doomed but just how long will it take for that system to collapse?


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    Quote Originally Posted by Paint_It_Black View Post
    Hey bighead, are you on facebook?
    Yeah.

    I like to stay in touch with folks, I'll add pretty much anyone who wants to add me. Anyone can just message me for my FB, or I'll message you or something. I have a weird sort of minor anxiety about adding people from here after years of posting with the idea that my identity is hidden, haha. But yeah, staying in touch is cool.
    When they said "sit down", I stood up.

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