https://twitter.com/CatholicClod/status/1451917060079034377?s=20

  • zifnab25 [he/him, any]
    ·
    3 years ago

    You're confusing Pikety with Peterson.

    Pikety tapped the works of Marx and Engels to build up a big chunk of the historical record on wealth aggregation over time. Marx's thesis was predicated on a vast trove of probate records that he'd aggregated and analyzed.

    Pikety's critique of Marx amounts to "you claimed we'd get a revolution but the western states proved more resilient than you anticipated". And in that sense, Pikety has Marx dead to rights.

    Cit21st then asks why the colonial powers never experienced the revolutions that Russia, China, the Global South repeatedly endured. Although that is incidental to the primary conclusion wrt the trend of wealth inequality as driven by the gap between domestic growth and asset appreciation.