
Thomas Piketty on Inequality and Capital in the 21st Century
EconTalk
00:00
Is Inequality Bad for Gross?
There was almost no middle class, or the 90 % of the weldh would belong to the top ten%. There's very little evidence for his claim. So inequality in or above a certain countis just not not useful any more. We don't want to return to this kind of extreme form of inequality. I think at some inat some abstract philosophical level, everybody agrees that inequality is acceptable as long as it is in the common interest.
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