This guy is this weird Liberal that loves to rediscover things Marxists have known for a century and, because he's a liberal, will refuse to follow any of these things to their logical conclusion
this post was submitted on 20 Apr 2024
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chapotraphouse
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Credit to him for laying it out in plain detail with lots and lots of research. Also popularizing it. Capital in the 21st Century is the only book on a piece of economic research that I've seen people reading on the bus. More than once.
Yes, but Says and Ricardo did talk about what he mentions here rudimentary, too. Marx, but also later empirical economists and political economists more than 50 years ago did highlight that, too.
Maybe I'm an idiot but Imho Marx basically solved economics. Sure some adjustments for different situations but the core is more or less a lawof economics, as in a law of physics.
In the second chart, the inequality that already existed rapidly increases after 91
I wonder what major world event could have caused that 
What would happen if capital succeeded in smashing the Republic of Soviets? There would set in an era of the blackest reaction in all the capitalist and colonial countries, the working class and the oppressed peoples would be seized by the throat, the positions of international communism would be lost.
The thing that annoys me about Piketty is he has all this analysis, but without the Marxism, so it leads to shit like this where there's basically no solutions presented.
Ooooooooo I like this graph. Now I have 2 graphs for 1991 shit. I'd love more.
It would be cool to have a website like the goldbug one with just graphs of shit getting worse after 1991
ohhhh yeah that was https://wtfhappenedin1971.com right? I think some of the graphs that site uses are probably useable tbh.
Whenever I see that site posted I use the opportunity to post this graph and talk about how it wasn't the gold standard but the ruling class deciding they had already won and could start increasing exploitation that caused a lot of these changes.
The removal of the gold standard was important in that it signaled the complete domination of the USD and treasury bills as the international standard. I think it's pretty important in that it meant total capitulation of Europe to the US pushing their inflation onto other countries, thus worsening inequality there as they tried to make up for it by tightening the noose on labor.
become a rich world privilege
Wow, such insight from the liberal economist.