What the 1% don’t want you to know

The book Capital in the 21st century has been published in English and has got to into the bestsellers lists unusual for a graph heavy economics book.

I haven’t read it yet but will but what its saying isn’t really new it’s been talked about before on these very forums a few times.

If allowed to do so wealth accumulates around wealth to the point where wealth’s power and influence becomes dominant and society is manipulated to serve its interests to the detriment of all others.

Please view the video here -

http://www.social-europe.eu/2014/04/paul-krugman-thomas-pikettys-capital-21st-century/

 

"Everyone seems to be ignoring the basic fact that capital isn’t a pile of cash. It’s an accounting construct." ~ Bethany McLean

The top five unlearned lessons of the financial crisis

 

I do not think the 1% give a shit what we know anymore - other than that, you're right on.

 

Because they figure, and rightly so, that we cannot or will not do anything to fix the situation.

 

Only if handled right in the first few minutes and soaked out properly before cooking. Avoid organs, fat and above all brains. La ~
(The fat goes for diesel anyway and people need the gas)

 

I heard that when early anthropologists asked cannibals what human flesh tasted like they said it taste like pork and some other cannibals in the south Seas called humans long pork.

Anyway one of Thomas Piketty’s proposed solutions to wealth’s accumulation is global taxation of wealth, especially inherited wealth.

I think to wealth both ideas (been eaten or taxed) are to them equally horrible.

 

Ha! You're so generous! I truly think they'd rather be eaten than give up a dime - except to pay someone to be eaten instead of them.

 

That's why the 1% doesn't want you to know that they taste like chicken.

 

Ok that's a good one ~

 

This sounds like BS to me. Obviously - for e.g - Microsoft - accumulates wealth they dominate. And? This needs a better argument formulating, Balbus.

 

odon

I’m unsure what your argument is beyond just saying its BS?

 

You say or you quote: If allowed to do so wealth accumulates around wealth to the point where wealth’s power and influence becomes dominant and society is manipulated to serve its interests to the detriment of all others.

Ok, what does this actually mean? Are there any e.g's?

 

Ergo ~ eventually, someone has to take the trash out. Fucking duh!

 

odon

Have you read any of the reviews of the book? I can post some if you wish?
I was generalising what seems to be the main thrush of Piketty’s argument (I have not yet read the book).

I’m told the book is full of graphs and charts showing the accumulation of wealth and the wealth inequality.

http://www.newyorker.com/online/blo...iketty-looks-at-inequality-in-six-charts.html

http://www.nybooks.com/articles/archives/2014/may/08/thomas-piketty-new-gilded-age/

 

Ok, so this is more of a book review that your own personal feelings?
When you have read the book maybe you could be a little more articulate about what your point is, and have the debate on your own merits/weaknesses.

Am I going to get into a debate about wealth/poverty over the last 100 years? Erm, no.

 

odon

I’m recommending a book to people that I think brings up some interesting points - but to repeat - what its saying isn’t really new it’s been talked about before on these very forums a few times.

Are you claiming that wealth does not bring power and influence?

As I’ve said I will be reading the book when I get around to it but that - what its saying isn’t really new it’s been talked about before on these very forums a few times.

So what is it you wish to debate or you don’t wish to debate?

Try reading - http://www.hipforums.com/newforums/showthread.php?t=353336&f=36

http://www.hipforums.com/newforums/showthread.php?t=314393

http://www.hipforums.com/newforums/showthread.php?t=353922

http://www.hipforums.com/newforums/showpost.php?p=6954377&postcount=7

 

No.

This is really what I am asking you.

 

If allowed to do so wealth accumulates around wealth to the point where wealth’s power and influence becomes dominant and society is manipulated to serve its interests to the detriment of all others.

 

I think you already said that. I just wanted a few e.g's.