The Third International after Lenin

Thursday, October 9, 2014

Thomas Piketty’s Capital in the Twenty-First Century

For information purposes only. JR


.... Piketty, who has declared himself "very much in favour of private property and private capitalism," simply wants to round the edges of the present one-sided class war that has made life so precarious for so many. Nonetheless, his book encapsulates a certain widespread misunderstanding of how capitalism works. As such, it provides a foil for the presentation of some basic Marxist economics—especially as Piketty, unlike many modern bourgeois economists, engages with Marxist ideas, however shallowly....

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