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"...defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism." What "left orthodoxy" is he referring to..? Website: http://filmint.nu/ Facebook: http://www.facebook.com/FilmInt Twitter: https://twitter.com/#!/FilmInt 31 jan 2014 kl. 16:03 skrev Louis Proyect: > ====================================================================== > Rule #1: YOU MUST clip all extraneous text when replying to a message. > ====================================================================== > > > Conservative readers will find that Piketty’s book disputes the view that the > free market, liberated from the distorting effects of government > intervention, “distributes,” as Milton Friedman famously put it, “the fruits > of economic progress among all people. That’s the secret of the enormous > improvements in the conditions of the working person over the past two > centuries.” > > Piketty proposes instead that the rise in inequality reflects markets working > precisely as they should: “This has nothing to do with a market imperfection: > the more perfect the capital market, the higher” the rate of return on > capital is in comparison to the rate of growth of the economy. The higher > this ratio is, the greater inequality is. > > full: http://www.nytimes.com/2014/01/29/opinion/capitalism-vs-democracy.html > > ________________________________________________ > Send list submissions to: Marxism@greenhouse.economics.utah.edu > Set your options at: > http://greenhouse.economics.utah.edu/mailman/options/marxism/daniel.lindvall%40filmint.nu ________________________________________________ Send list submissions to: Marxism@greenhouse.economics.utah.edu Set your options at: http://greenhouse.economics.utah.edu/mailman/options/marxism/archive%40mail-archive.com
