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Andrew Pollack wrote:
>
...glorifying income inequality as THE source of all ills and a
progressive tax as the panacea. From Henry George through David Graeber
and now Piketty, the monocausalists never go away.
<
To be fair, Piketty does not indict wealth inequality as the source of
all ills. (He welcomes a large amount of inequality on Horatio Alger
grounds.) His main concern is that rentier wealth threatens "democracy."
As for monocausal, it depends on the cause. The capital-labor relation
is a good candidate, no?
My review of Piketty is at
http://mltoday.com/professor-piketty-fights-orthodoxy-and-attacks-inequality
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