Capitalism vs. Democracy
— Thomas Piketty's new book, “Capital in the Twenty-First Century,”
described by one French newspaper as a “a political and theoretical bulldozer,”
defies left and right orthodoxy by arguing that worsening inequality is an
inevitable outcome of free market capitalism.
Editor's notes: in this rather sad display of the abuse of higher education, a French economist pits "democracy' against "capitalism" as if the two are somehow morally and systemically opposed to the other, while implying that democracy and Central Government are perfectly compatible.
The fact of the matter is this: capitalism and Marxism are more economic theories, while democracy, socialism, representative democracy, and dictatorships of various political persuasions, are social orders and domestic theories.
Understand that regardless of the weaknesses of capitalism, it is the single most "popular" social/economic dynamic in the world. China, for example, is successful financially to the degree that it has embraced and rewarded individual effort and ingenuity.
Financial equality has not be achieved when the time comes that we are all equally poor, but, that is the direction this country has taken, more during the past 5 years than at any other time in our history.
Thomas Piketty knows nothing about the practicalities of capitalism because he has never lived that life. He is only a theorist, as is Obama and his Harvard crowd of no-nothings. When folks like me make the point that "Obama has never so much as run a lemonade stand," we are saying that he is socialist theorist and nothing more. He has not lived the life, but, instead, has taken from society.
The fact that the Times ran this story is proof of the socialist/Marxist influence at that "news" source. Thomas Edsall, who posted this story, has done nothing in his life but write and report for Left leaning propaganda sources. Before the NY Times, he spent time at the Huffington Post and the New Republic, both of which screams of his One World, Marxist philosophy. He is a rank socialist liberal, not a traditional Democrat, and all that he says is in defense or supportive of his social theories.
Understand that regardless of the weaknesses of capitalism, it is the single most "popular" social/economic dynamic in the world. China, for example, is successful financially to the degree that it has embraced and rewarded individual effort and ingenuity.
Financial equality has not be achieved when the time comes that we are all equally poor, but, that is the direction this country has taken, more during the past 5 years than at any other time in our history.
Thomas Piketty knows nothing about the practicalities of capitalism because he has never lived that life. He is only a theorist, as is Obama and his Harvard crowd of no-nothings. When folks like me make the point that "Obama has never so much as run a lemonade stand," we are saying that he is socialist theorist and nothing more. He has not lived the life, but, instead, has taken from society.
The fact that the Times ran this story is proof of the socialist/Marxist influence at that "news" source. Thomas Edsall, who posted this story, has done nothing in his life but write and report for Left leaning propaganda sources. Before the NY Times, he spent time at the Huffington Post and the New Republic, both of which screams of his One World, Marxist philosophy. He is a rank socialist liberal, not a traditional Democrat, and all that he says is in defense or supportive of his social theories.
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