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The Rise of Capital Income Ratios
Inequality is a big theme in my book. The way P. Kati talks about it is the rise of capital income ratios. In most rich nations, you are seeing the stock of capital increase. We live in an economy which values assets and is based upon the trading of assets. That's increased a great deal. Much faster than levels of income have increased. Indeed, in many countries, income is face-decoed. I would like to think of ourselves as being increasingly living in a society dominated by new technology but we've also got these accumulation from the past. And we don't recognize this? What were the debates about slavery and imperialism and the fact that they still