if people feel that a disproportionate share of growth only goes to the top-wealth minority, then a large fraction of public opinion in European countries or in North America might turn against globalization
Contents contributed and discussions participated by Ed Webb
Thomas Piketty: "You do need some inequality to generate growth" - The Globe and Mail - 0 views
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Seems Piketty's project is to save capitalism/liberal globalization. Deferring (indefinitely) structural change by applying minor corrections to the cycle of creative destruction and negative externalities. A kind of FDR project at the global level: dilute capitalism in order to prevent revolution.
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I belong to the post-Marxist generation, if you wish – I turned 18 in 1989, with the fall of the Berlin Wall; I travelled to Eastern Europe to see those countries after the fall of their communist dictatorships, and I’ve never had any temptation for that. Anti-capitalists should read the history books.
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I am almost his exact contemporary. I visited Eastern Europe shortly after 1989. I have read many history books. I still want to overthrow capitalism.
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Ed Webb
Teacher, learner, troublemaker. Assistant Professor of Political Science & International Studies, Dickinson College, PA, USA. Specialist in the Middle East including Turkey. Former British diplomat. Member of the NITLE Advisory Board.