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Tag Archives: Thomas Picketty
The IMF should practice what it preaches when it comes to inequality.
Perhaps the Greek crisis will force a fundamental rethink and Europe will find the way to rekindle again the idealism and hope that gave rise to the European Project in the aftermath of WWII. By any means ‘Europe’ has been … Continue reading
Current Affairs A review of Thomas Piketty, Capital in the Twenty-First Century.* Translated by Arthur Goldhammer, Cambridge, Mass and London: The Belknap Press of Harvard University Press, 2014. viii + 685 pp. ISBN 978-0-674-43000-6* *This is a smaller version of … Continue reading
In this blog on 5 November I drew attention to an article by the Economics Editor of the Guardian Larry Elliott. In that article Elliott said “As the Berlin Wall fell, checks on capitalism crumbled.” The principal thesis of that … Continue reading
“Australia’s program to increase world growth seems to be to cut social security benefits from the poor.” When Geraldine Doogue asked Malcolm Fraser to comment on Abbott’s G20 agenda, that was his summary of the present Government’s economic policy Unfortunately, … Continue reading
We get a laugh out of the Monty Python sketch of four Yorkshiremen competing with one another to tell stories of the hardship they endured when they were children, 30 years earlier – “you think you had it tough …”. … Continue reading
Mauricio García Villegas, El Espectador, Colombia, http://www.elespectador.com/opinion/elmundo-actual-columna-526496 The anniversary of two events that have marked out the course of our world has just been commemorated. The first is the taking of the United States embassy in Teheran on 4 November … Continue reading
A blog in the Economist accused Pope Francis of following the founder of the Soviet Union, Vladimir Lenin, in adopting an “ultra-radical line” on capitalism. The blog, “Francis, capitalism and war: the Pope’s divisions”, was reacting to the Pope’s interview … Continue reading
During the last two weeks a Professor from the Paris School of Economics, Thomas Piketty, has been touring the US speaking about his book; Capital in the Twenty-First Century. His audiences have been overflowing. Public television described the reception he … Continue reading
Fundamentally there is a problem with the rhetoric from the government and its cohorts such as the Commission of Audit. They insist on describing taxation as a ‘burden’ that should be lightened at every opportunity; thus implying that taxation is … Continue reading
Ian McAuley- Picketty and the gap between rich and poor. Inequality of wealth is the problem rather than the inequality of income.
The Observer/Guardian carried a recent story/review about Thomas Picketty’s address to the Institute of New Economic Thinking in Toronto. The story was headed “Capitalism simply isn’t working and here are the reasons why” The story draws also on a recently … Continue reading