Thomas Piketty: The Making of a Socialist  

Drawing on his virtuoso knowledge of historical economic statistics, he demonstrated something close to an iron law of capitalism. Wealth concentrates because the return on capital tends to exceed the general rate of economic growth. Since income broadly tracks wealth, economies become relentlessly more unequal over time. Piketty demonstrated this pattern in all major nations and at all historic periods for at least 200 years, with one notable exception — the mid-20th century, when income and wealth in Europe and the United States became more equal.


Source: Thomas Piketty: The Making of a Socialist | Portside

Long Live Socialism! – Thomas Piketty – Yale University Press London BlogYale University Press London Blog

Extensive selections from Piketty’s new book, Time for Socialism, and I hope to cover his new perspective asap, although I am swamped with ‘books to read immediately’ and have no funds left for new books…

Thomas Piketty argues for supporting an inclusive, expansive conception of socialism as a counterweight against hyper-capitalism.

Source: Long Live Socialism! – Thomas Piketty – Yale University Press London BlogYale University Press London Blog

Thomas Piketty: The Making of a Socialist 

The French economist Thomas Piketty came to prominence with his 2014 book, “Capital in the Twenty-First Century.” The title was a deliberate echo of Marx’s “Capital,” though Piketty was far from a Marxist. Drawing on his virtuoso knowledge of historical economic statistics, he demonstrated something close to an iron law of capitalism.

Source: Thomas Piketty: The Making of a Socialist | Portside

can the global left get it right this time?…//Chile’s Socialist Resurgence…  

The global left has never gotten socialism right. From the monstrosity of Bolshevism to that of China, the idea of socialism is mostly a wish…

Chile is clearly in a special situation…I am not in a position to offer advice, but our DMNC model is always relevant, it is a reflection of four plus term systems, but a key question is that status of Capital in this resurgence…will Capital be expropriated??? If not how to proceed?

The left is closing on zero further chances with socialism after so many fuckups with Marxist idiots…

Gabriel Boric’s presidential victory and a new constitution are the crowning achievements of Chile’s broad socialist movement. Now comes the hard part: fulfilling a vision of working-class prosperity that stretches back to Salvador Allende and beyond.

Source: Chile’s Socialist Resurgence Is a Century in the Making