Ingrid Harvold Kvangraven’s Review Of Thomas Piketty’s Capital And Ideology
Nice review of Thomas Piketty’s book Capital and Ideology:
… his [Piketty’s] policy recommendations largely on wealth transfers. For example, rather than interrogating how we as society work, produce and consume, his solutions are biased towards redistribution without changing the core of the system.
This limits his capacity to explain global phenomena. This is clear in his view on the effects of trade liberalization: rather than exploring how the removal of barriers to imports in the 1980s led to a collapse of industry in the global south, Piketty focuses on the loss of income from tariffs. In the same vein, his proposals shy away from discussing the massive rebalancing of global finance and production that is necessary; instead, he focuses on aid transfers to governments, and taxation.
Picture from Thomas Piketty’s Twitter page