![]() ![]() Seattle quoted Piketty in its minimum-wage law. You can see the appeal of such an argument, which has driven the book to become a cultural touchpoint. Piketty’s work – which has been in progress for over a decade – is a natural pairing with the Occupy movement, which also questions the premises of capitalism. The 1% and the 99% enshrined by Occupy are not an anomaly of our time, Piketty’s research suggests. ![]() If you rely on income, as most people do, you will likely never catch up to the wealth of people who are already rich. The implications of that are deep: to have invested capital, you must have money already. ![]() Piketty’s main argument is this: that invested capital – in the stock market, in real estate – will grow faster than income. Early in its launch, it hit No 1 on Amazon’s bestseller list and the paper version – a doorstop in punishing, heavy hardcover – sold out in major bookstores. Its graphic red-and-ivory cover is inescapable. Somehow, Capital in the Twenty-First Century by Thomas Piketty has become a conversation piece among well-read people. ![]()
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