“when people can earn more from investments than from labour, wealth accumulates faster than incomes rise. Those who already own assets grow richer, while those who rely on wages fall behind. So, over time, inequality becomes self-perpetuating.”
An absolutely brilliant article by @BylinesEast featuring #Picketty and how unchecked #capitalism leads to increased #WealthInequality
It’s time to #TaxWealthNotWork #TaxTheRich
Thomas #Picketty wrote a clear denunciation of America's new international policies. The US is falling behind Europe and China in productivity. Pair that extra wealth with the US withdrawing internationally and America is conceding control in the world. America's rich are left fighting each other or supporting imperialism which will lead to pushback. #trump is the flailing of failed neoliberal policies.
Worth the quick read.
https://www.lemonde.fr/blog/piketty/2025/02/18/trump-national-capitalism-at-bay/
For anyone in doubt, Donald Trump has at least made things clear: the right exists and it speaks loudly. As has often been the case in the past, it takes the form of a mixture of violent nationalism, social conservatism and unbridled economic liberalism. We could call Trumpism national-liberalism, or more accurately, national-capitalism. Trump's … <p class="link-more"><a href="https://www.lemonde.fr/blog/piketty/2025/02/18/trump-national-capitalism-at-bay/" class="more-link">Continuer la lecture<span class="screen-reader-text"> de « Trump, national-capitalism at bay »</span></a></p>
Hoe grote familiebedrijven zich rijk lobbyden in Den Haag
#lobby #vermogensongelijkheid #picketty
Episode webpage: https://art19.com/shows/vandaag
Media file: https://prfx.byspotify.com/e/op3.dev/e/rss.art19.com/episodes/588ce17a-adca-4085-8f4d-262cc8971d6f.mp3
Natz 🏴☠️ ☮️ 🌱
Sabin
Periodic
ely
Christina Dongowski
Boing Boing