Sunday September 27, 2020

Behind the confiscation manifesto

I found Thomas Piketty’s “Capital in the Twenty First Century” impossible to put down, writes Declan Ganley.

11th May, 2014
Declan Ganley: "Wealth does not reproduce itself unless it is invested profitably, and it’s only invested profitably if it helps produce something people want."

I found Thomas Piketty’s “Capital in the Twenty First Century” impossible to put down. It is an engaging read, and Piketty is undoubtedly likable. He and I are of an age, and he writes early on about how the experience of watching the Berlin Wall fall, and the exposure of failure of the Soviet economic model, left him “vaccinated for life against the conventional but lazy rhetoric of anticapitalism”.

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