6/10/2023 0 Comments Capital and ideology book reviewThe result has been an increasing concentration of wealth at the top, much of it passed down through an inheritance system that has come to rival that of the Gilded Age. The book’s primary claim-underpinned by an impressive array of data-is that inequality is increasing in much of the world and that this has deepened social and economic instability because, since the neoliberal attacks that undermined the egalitarian reforms of the Great Society period, the rate of return on capital has exceeded the overall rate of economic growth. His weighty 2014 book Capital in the Twenty-First Century was a surprise bestseller, which sparked much commentary and criticism. Thomas Piketty is a French economist and former wunderkind, who obtained his PhD from the London School of Economics at twenty-two. He is also that rarest of things: a bestselling academic author.
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