Sunday, September 27, 2015

Capitalism in the 21st century

Click here to access article by Asad Zaman from The Express Tribune.

Capitalist class directors were caught off-guard by one of their most prestigious sociologists, Thomas Piketty, who it would seem slipped through all the barriers that academics must navigate around to attain high status. He defied his long years of indoctrination by writing this book which contains abundant evidence to prove, what most workers instinctively know, that capitalists capture most of the wealth that workers produce which, in turn, gives them more power over us. This dynamic, of course, works contrary to all their pretensions about supporting democracy.
...he goes far beyond the compilation of statistics and provides a grand unified theory about the deep forces which have shaped human history over centuries. His analysis points out a fundamental conflict between free markets and democracy, directly contrary to widely accepted conventional wisdom that the two go together.