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I am starting to pay attention to Piketty's work.

The inequality "r>g" is actually the hidden engine for the wealth and status differentiation.

Competition is often cited as the most glorious aspect of capitalism. Sustained competition is indeed attractive, even in the inequality aspect. But once competition leads to long-term loosers and winners, it is then an inequality force like no other. Plus, labour competition and capital competition are very different (especially now), enforcing the "r>g" mathematics.

by das monde on Thu Apr 24th, 2014 at 06:23:05 AM EST
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