Daron Acemoglu on Inequality, Institutions, and Piketty
EconTalk
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The Third Elements of Political Inequality
i think there's a real danger that the very, very rich might become politically so dominant that they can start tilting the system to their favor. In reality, our politicians are accountable and representative to all of us. And i think many people, again, perhaps not everybody, but i think an overwhelming majority of americans would think that a system in which only a handful of people have political voice is not a good system.
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