Tag Archives: Thomas Picketty

FRANK STILWELL and CHRISTOPHER SHEIL. The IMF is showing some hypocrisy on inequality

The IMF should practice what it preaches when it comes to inequality.  

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ALLAN PATIENCE. The End is Nigh! Anticipating a Post-Capitalist World

Capitalism is in crisis. What Marx referred to as its internal contradictions have begun undermining its very foundations. It is time to ask what a post-capitalist world will be like.  

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John Menadue. Is the European Project finished?

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

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Geoffrey Harcourt. Piketty, flawed, but not a light that failed.

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

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John Menadue. Capitalism and the fall of communism

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

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Ian McAuley. Is capitalism redeemable? Part 7: Inequality – a shameful waste

“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

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Is capitalism redeemable? Part 6: Inequality – it ain’t fair

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

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Today’s World – Democracy, capitalism and Islam.

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

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Bruce Duncan. Pope Francis: economic system is failing millions.

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

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Richard Butler. American Greed trumps the American Dream: With help from the referee.

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

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Michael Keating. Part 4. Long-term Fiscal and Social Sustainability and Taxation

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

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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

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