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Capital in the Twenty-First Century - discussion of policy, the media and perception

Capital in the Twenty-First Century - discussion of policy, the media and perception

Old May 12th 2014, 10:07 pm
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Default Capital in the Twenty-First Century - discussion of policy, the media and perception

Just curious based on recent threads as to thoughts on the bored with regards to this best seller... (please note - OP's request - no religious / race related comments would be appreciated)

I am interested in the theory and have NOT read this book yet, I plan to soon, though wonder if anyone had any views on this book (whether you have read it or not)

The book:-

http://www.amazon.com/Capital-Twenty...9932507&sr=1-1

The author:-

http://en.wikipedia.org/wiki/Thomas_Piketty

Couple of Questions:-
  • Economic theory and the math models used - accurate?
  • Media views points - predictable or justifiable?
Examples:-

I'm not trying to stir up something - just interested in the ideas presented.

Last edited by Autonomy; May 12th 2014 at 10:11 pm.
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Old May 14th 2014, 7:29 pm
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Not read it. Won't bother. Capitalism got us this far and lifted billions out of poverty in the last 10 years or so. I can't see the alternative doing the same.
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Old May 14th 2014, 7:43 pm
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

There's more than one type of capitalism.
The type which led to more equality 1945-mid 70s vs the type that has led to the opposite for the last thirty years for instance.
Arguing that Scandinavia and the US are the same because they are both "capitalist", or that the post war period and the last thirty years were both capitalist misses the point
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Old May 15th 2014, 4:24 am
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Originally Posted by shiraz1 View Post
There's more than one type of capitalism.
The type which led to more equality 1945-mid 70s vs the type that has led to the opposite for the last thirty years for instance.
Arguing that Scandinavia and the US are the same because they are both "capitalist", or that the post war period and the last thirty years were both capitalist misses the point
Indeed, but what is dragging us down is corporate cronyism rather than capitalism.

And regardless of what we think the numbers still show a general rise in living standards, a lowering of crime and a brighter future.

N.
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Old May 15th 2014, 4:25 am
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Originally Posted by Millhouse View Post
Not read it. Won't bother. Capitalism got us this far and lifted billions out of poverty in the last 10 years or so. I can't see the alternative doing the same.
The problem is unbriddled Capitalism. The Capitalism that exists in the Gulf where nothing matters but the bottom line is bad for the enviroment and humanity. The Capitalism that exists in the West which is balanced by safety nets,social programs and government regulations is on the right path. Though here in the US the conservatives are always trying to whittle away the safety nets and enviromental laws.
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Old May 15th 2014, 5:33 am
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

there arent many alternatives that hav ebeen proven to work.
That said the current version of capitalism is ****ed

Here is why

"the world’s 85 richest people own assets with the same value as those owned by the poorer half of the world’s population, or 3.5 billion people (including children). Both groups have $US 1.7 trillion. That’s $20 billion on average if you are in the first group, and $486 if you are in the second group"

same here

" those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world's population."

there is no reasonable argument to defend this state of affairs, none
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Old May 15th 2014, 6:56 am
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Capitalism is the survival of the fittest, it is social darwinism
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Old May 15th 2014, 7:49 am
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Originally Posted by UKCityGent View Post
Capitalism is the survival of the fittest, it is social darwinism
Not as long as you have inheritance it isn't.
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Old May 15th 2014, 12:10 pm
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Originally Posted by Boomhauer View Post
The problem is unbriddled Capitalism. The Capitalism that exists in the Gulf where nothing matters but the bottom line is bad for the enviroment and humanity. The Capitalism that exists in the West which is balanced by safety nets,social programs and government regulations is on the right path. Though here in the US the conservatives are always trying to whittle away the safety nets and enviromental laws.
I do not see socialist systems doing any better for the environment or humanity.

I'm currently in the US - I agree with you, it is utterly ****ed and I thank God by luck of birth that I am not forced to live here... Nothing wrong with the place or the people but. I am amazed by the piss poor quality of food here - how on earth did that happen. I think the European version of capitalism with regulation is marginally better.

The problem comes when the capitalists merge into politicians and vice versa.

Last edited by Millhouse; May 15th 2014 at 1:48 pm.
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Old May 15th 2014, 3:25 pm
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Originally Posted by Millhouse View Post
I do not see socialist systems doing any better for the environment or humanity.

I'm currently in the US - I agree with you, it is utterly ****ed and I thank God by luck of birth that I am not forced to live here... Nothing wrong with the place or the people but. I am amazed by the piss poor quality of food here - how on earth did that happen. I think the European version of capitalism with regulation is marginally better.

The problem comes when the capitalists merge into politicians and vice versa.
For starters Capitalist societies like Canada and Western Europe have Universal Health care. American health care is the best...if you can afford it. Atleast now the situation is a bit better with Obamacare though it still isn't single payer health care.

Europe also seems like its Enviroment regulations are not as prone to influence from industry lobby groups like in the US.

The problem with the US is the undue influence of special interest lobbies and political action committees who have bought the political process. You got to be super rich to play the game. Condelezza Rice had a supertanker name after her by Chevron.
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Old May 15th 2014, 3:57 pm
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

Originally Posted by Millhouse View Post
I do not see socialist systems doing any better for the environment or humanity.

I'm currently in the US - I agree with you, it is utterly ****ed and I thank God by luck of birth that I am not forced to live here... Nothing wrong with the place or the people but. I am amazed by the piss poor quality of food here - how on earth did that happen. I think the European version of capitalism with regulation is marginally better.

The problem comes when the capitalists merge into politicians and vice versa.
watch food inc.
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Old May 15th 2014, 4:55 pm
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Default Re: Capital in the Twenty-First Century - discussion of policy, the media and percept

http://www.migrationpolicy.org/artic...ren-immigrants
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