Capital in the Twenty-First Century

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“Capital in the Twenty-First Century” by Thomas Piketty examines wealth inequality and its impact on society. Using historical data, Piketty explores how the growing concentration of wealth contributes to rising inequality. He argues that a global wealth tax could address this disparity, offering a critical analysis of capitalism and its consequences. This influential work has prompted global discussions on economic inequality and the future of capitalism.

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In “Capital in the Twenty-First Century,” Thomas Piketty examines the dynamics of wealth and income inequality over the past few centuries. Drawing on historical data, Piketty argues that when the rate of return on capital exceeds the rate of economic growth, wealth inequality tends to rise, creating an inherent tension in capitalist systems. He analyzes the economic and social consequences of this growing disparity and suggests potential solutions, including a global wealth tax. The book explores themes of capitalism, economic systems, and political structures, offering a critical perspective on how wealth has been distributed throughout history. “Capital in the Twenty-First Century” has sparked worldwide discussions on economic inequality, making it a landmark text in contemporary economics.