Capital and Ideology by Thomas Piketty
The highly anticipated follow up to the New York Times Bestseller Capital in the 21st Century.
By: Blue Weaver
Published by Harvard University Press on the 10th March 2020, priced R625.
"Every human society must justify its inequalities:
The strong opening statement to Capital and Ideology, the long awaited follow up to Thomas Piketty's New York Times Bestseller Capital in the 21st Century. Piketty's latest offering delves into the evolution of wealth distribution over time and how this has brought the world to its current state of economic inequality. He presents a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system.
Modern inequality is said to be just because it is the result of a process in which everyone enjoys equal access to education, the market and property. Hence, those who are wealthiest are the most enterprising and deserving. However, this meritocratic narrative is looking more and more fragile. Modern economic growth and the diffusion of knowledge have made it possible to avoid the Marxist apocalypse but have not modified the deep structures of capital and inequality. Using extensive historical and comparative data unavailable until now, Piketty offers an unprecedented view of the major factors at play and a new understanding of the economic, social and political rules by which inequalities are perpetuated.
An audacious follow-up to his bestselling Capital in the Twenty-First Century, Capital and Ideology offers a global perspective on the dynamics of capital accumulation and inequality. Piketty also presents bold suggestions for a new ideology of equality, social ownership, education, and knowledge and power sharing. Every ideology has its weaknesses, but no human society can live without an ideology to make sense of its inequalities. This book will not only help us understand that but change it.
Thomas Piketty is Director of Studies at L'École des Hautes Études en Sciences Sociales (EHESS) and Professor at the Paris School of Economics. He is the author of #1 New York Time's Bestseller Capital in the Twenty-First Century.
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