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[Unedited]: Thomas Piketty On Creating A More Equal Society

Capitalisn't

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The Decolonization of the Economy, You Know?

We do observe a form of gradual decommersalification of the economy. By and large, a public earth system has done a much better job to deliver good earth. There are really three ingredients in what I put into this notion of participatory socialism or democratic socialism that I described. In region number one is growing decommensification; in region number two is this redistribution of wealth through minimal inheritance and through very progressive wealth tax. You know there are two ingredient for progressing towards social democracy: 1) More bargaining power with people who have billions but also more equal distribution of wealth 2).

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