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The Sunday Debate: The Left has right on its side
Intelligence Squared
Is There a Priori Truth About Wealth?
I think this is a very powerful point. I can't deny it. The argument put forward by thomas pickerty has had huge influence because, in fact, it's just common sense. You only invest if the rate of return on capital exceedseo the level of economic growth. So there is, there is a kind of a priori truth about this. My own view is that it is not that inequality does not matter as long as institutions are in place which control how that wealth is used.
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