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Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century

Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century AbstractThomas Piketty’s blockbuster Capital in the Twenty-First Century was followed by the publication of Capital and Ideology in early 2020. This paper looks at the differences between the two books, and provides an analysis and a critique of the main advances in the new book. First, Piketty drops r>g as an explanation for rising inequality. Instead, inequality is generated and constrained by economic power supported by an ideology. Second, there is a focus on the political consequences of inequality, including the rise of right-wing populism and the election of people like Donald Trump. Third, there is a new policy proposal-changes in corporate governance that gives labor and government seats on the Board of Directors of public corporations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Analyse & Kritik de Gruyter

Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century

Analyse & Kritik , Volume 43 (1): 18 – Jun 1, 2021

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Publisher
de Gruyter
Copyright
© 2021 Walter de Gruyter GmbH, Berlin/Boston
ISSN
0171-5860
DOI
10.1515/auk-2021-0002
Publisher site
See Article on Publisher Site

Abstract

AbstractThomas Piketty’s blockbuster Capital in the Twenty-First Century was followed by the publication of Capital and Ideology in early 2020. This paper looks at the differences between the two books, and provides an analysis and a critique of the main advances in the new book. First, Piketty drops r>g as an explanation for rising inequality. Instead, inequality is generated and constrained by economic power supported by an ideology. Second, there is a focus on the political consequences of inequality, including the rise of right-wing populism and the election of people like Donald Trump. Third, there is a new policy proposal-changes in corporate governance that gives labor and government seats on the Board of Directors of public corporations.

Journal

Analyse & Kritikde Gruyter

Published: Jun 1, 2021

Keywords: Piketty; inequality; voting Behavior; meritocracy; populism; corporate governance

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