Was Piketty wrong about capital causing inequality?

Full Episode: https://youtu.be/CH-4yCU1BTs In this episode, host Anirudh Suri engages in an insightful conversation with Sebastian Mallaby about the implications of a tech-driven economic world. They discuss the divergence in global economic trends, the increase and decrease of inequality, and the dynamics between labor and capital. Mallaby provides historical context, referencing Thomas Piketty's theories and examining periods where labor held significant negotiating power, such as the 1950s and 1960s in America. The conversation touches on the reversal of inequality trends post-COVID and stresses the non-deterministic nature of economic cycles. 00:00 Introduction: Tech-Driven Economic Divergence 00:25 Thomas Piketty's Capital and Economic Inequality 01:09 Debunking the Iron Law of Capital 02:28 Recent Trends in U.S. Inequality 03:07 Historical Examples of Labor vs. Capital Rewards 04:31 The Impact of Global Competition on Labor **Books** Sebastian: **The Power Law: Venture Capital and the Making of the New Future** - https://amzn.eu/d/0N1LYKo **More Money than God** - https://amzn.eu/d/goWCmMg **The Man Who Knew: The Life & Times of Alan Greenspan -** https://amzn.eu/d/7U4ZzSe Anirudh: The Great Tech Game by Anirudh Suri : [amzn.eu/d/1Su38My](http://amzn.eu/d/1Su38My) Follow Anirudh here: X (formerly Twitter): https://x.com/anirudhsuri Youtube: https://www.youtube.com/@anirudh_suri Linkedin: https://www.linkedin.com/in/anirudhsuri/ Instagram: https://www.instagram.com/anirudh_suri Facebook: https://www.facebook.com/AnirudhSuri.in Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/) Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/) #EconomicInequality, #TechDrivenEconomy, #ThomasPiketty, #CapitalBook, #JaipurLiteraryFestival, #COVIDImpact, #EconomicDivergence, #LaborVsCapital, #PoliticalEconomy, #InequalityTrends, #IncomeDisparity, #EconomicCycles, #DemocracyAndInequality, #UnionizedWorkforce, #WageBargaining, #Protectionism, #AutoIndustry, #JapaneseCompetitors, #CapitalInvestment, #WorkerCompensation