Mr Piketty's solution has been tried (and has failed) before. Tinkering about with the Capitalist system is simply a short term, stick a plaster on a gaping wound response - It's time to CHANGE this system to a system which caters for the majority in every respect - the environment - equality and security
CryptedSky
His solution is basically a reboot of John M. Keynes New deal which has worked spectacularly well in the past. When keynesian solutions to keep the economy in check were replaced Friedmanian neoliberal ideology is when the economy started to fail.
deathtokoalas
keynes requires a mostly closed economy with high tariffs and is consequently not compatible with the modern world and it's irreversible open trade reality. we need new ideas to reflect the existing realities, not old ones that no longer make sense.
the left will continue to fail until it understands this.
CryptedSky
screw you koalas are awesome
deathtokoalas
koalas need to be destroyed due to their subversive cuteness.
the idea of a shop owner reinvesting in the business next door has been replaced by walmart reinvesting on the other side of the world. i suppose an actual world government could do something like keynes suggested, but implementing these sorts of policies in the united states is just going to drain the wealth out of the country.