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Thomas Piketty Undermines the Hallowed Tenets of the Capitalist Catechism


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Thomas Piketty Undermines the Hallowed Tenets of the Capitalist Catechism

Jeff Faux

Thomas Piketty just tossed an intellectual hand grenade into the debate over the world’s struggling economy. Before the English translation of the French economist’s new book, Capital in the Twenty-first Century, hit bookstores, it was applauded, attacked and declared a must-read by pundits, left, right and center. For good reason: it challenges the fundamental assumption of American and European politics that economic growth will continue to deflect popular anger over the unequal distribution of income and wealth.