Is Thomas Picketty Right About The Causes of Inequality?

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Economist Michael Hudson discusses the popularity of French economist Thomas Picketty’s recent book and says his work fails to link the financialization of the economy to the ascent of the 1% | The Real News | Click HERE to watch video

See also: **The Accidental Controversialist: **Deeper Reflections on Thomas Piketty’s “Capital” | by Thomas I. Palley | MR Zine

See also Andrew Jackson’s review: Piketty has also been criticized, with greater justification, for stressing the need for progressive taxation and generally ignoring other redistributive mechanisms such as higher minimum wages, stronger unions, closer controls on excessive pay and profits, and closer regulation of the financial sector.