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Saturday, December 06, 2014

Thomas Piketty, El Capital según Carlos Fuentes

Una militante del PT con una camiseta de Dilma Rousseff en Brasilia
(Ueslei Marcelino/Reuters en El País)
no copyright infringement intended

En 1865, Karl Marx afirmó que fue leyendo a Balzac como más aprendió sobre el capitalismo y el poder del dinero. En 2014 uno tendería a decir lo mismo: basta con actualizar los autores y los países. En La voluntad y la fortuna, un magnífico lienzo publicado en 2008, pocos años antes de su muerte, Carlos Fuentes hace un retrato edificante del capitalismo mexicano y de las violencias sociales y económicas por las que atraviesa su país, a punto de convertirse en la narconaciónque hoy cubre las primeras planas de los periódicos.

Thomas Piketty sobre Carlos Fuentes y su La voluntad y la fortuna en El País:


(quizá Engels hizo esa afirmación, no Marx: a veces incluso Piketty puede estar equivocado, nadie es perfecto)


(Thomas Piketty)

(Carlos Fuentes)

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Tuesday, June 03, 2014

Talking about Economic Inequality and How to Fight It: Elizabeth Warren and Thomas Piketty

(http://pol.moveon.org/warrenpiketty/share.html)
no copyright infringement intended


The climate change and the economic inequality are two symptoms of the same problem: the problem of those with power writing the rules of the system too much on their favor and everyone else being left behind.


Senator Elizabeth Warren, author of A Fighting Chance, and economist Thomas Piketty—author of the bestselling book Capital in the Twenty-First Century—are sitting down for an intimate conversation about economic inequality. Watch the event on this video:




(Thomas Piketty)

(Elizabeth Warren)

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Wednesday, May 14, 2014

Nuancing Piketty (Larry Summers Speaking)



Books that represent the last word on a topic are important. Books that represent one of the first words are even more important ... Piketty has emerged as a rock star of the policy-intellectual world. Every pundit has expressed a view on his argument, almost always wildly favorable if the pundit is progressive and harshly critical if the pundit is conservative. Piketty’s tome seems to be drawn on a dozen times for every time it is read ... and as a conclusion: Thomas Piketty’s tour de force analysis doesn’t get everything right, but it’s certainly gotten us pondering the right questions.

I quoted from The Inequality Puzzle, an article by Larry Summers, published in Democracy, a Journal of Ideas:



(Thomas Piketty)

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Edsall on Piketty

Thomas B. Edsall
(http://www.c-spanvideo.org/thomasedsall)
no copyright infringement intended

Thomas Byrne Edsall (journalist and academic, author, most recently, of The Age of Austerity) has in today's NY Times an op-ed on the Capital of Piketty. Tom Edsall considers that it would be too simple to see in the book of Piketty a challenge only against the right wing economic policies; actually it challenges the whole system, thus the whole political spectrum. No wonder that critics to the book range from right to left. Says Tom Edsall, Piketty’s book reinforces the idea that the domestic policies liberals advocate for are palliative, not curative — that, in essence, inequality is here to stay. Edsall concludes, In fact, the emergence of what Piketty calls patrimonial capitalism — concentrated wealth and political power passed on from generation to generation in a class-based social order — runs directly counter to the longstanding American commitment to equality of opportunity. Piketty has laid the intellectual groundwork for a challenge to a social and political order based on socioeconomic ranking by wealth stratification. Now we need effective politicians to articulate this challenge in ways that resonate with a striving electorate determined to achieve a higher standard of living through grit and hard work. Where is the level playing field? Politicians who seek to gain traction on these issues face high hurdles, but only those willing to risk confrontation can address the depth of public discontent, anger and resentment.

Here is the link to the op-ed of Tom Edsall:




(Thomas Piketty)

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Monday, April 21, 2014

Anti-Piketty (Robert J. Samuelson Speaking)

(http://www.struckout.co.uk/page/2/)
no copyright infringement intended

Today a new op-ed questioning Piketty's Capital in the Twenty-First Century. It's in Washington Post. This time the critics come from Robert J. Samuelson. The fact that two respected conservative columnists write about the book of Piketty, questioning its conclusions, is a clear sign that the book is actually very important and must be read.

The article of Mr. Samuelson begins with a tough question: Is Class Warfare Justified? It presents the book of Piketty, and its context and concludes that though the present concentration of income and wealth instinctively feels excessive, and it understandably stirs resentment, so we’d be better off if the rich were less so and other Americans were more so, however it’s doubtful that political action to force this transformation would be similarly beneficial, because class warfare would degrade the confidence needed for a stronger recovery.

So, Is Class Warfare Justified? My humble opinion: the book of Piketty is not about class warfare - it's about math.

Here is the article of Robert J. Samuelson:




(Thomas Piketty)

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Sunday, April 20, 2014

Anti-Piketty (Ross Douthat Speaking)

I Told Ya I Was Right
(De Leporibus et Ranis)
no copyright infringement intended


I've read in today's NY Times an op-ed questioning Piketty's Capital in the Twenty-First Century. Somehow paradoxically it called in my mind Anti-Dühring, the famous (some would say infamous, it's up 2 u) book of Engels. Should I call the op-ed of Ross Douthat as Anti-Piketty? Making such an association would make my leftist friends get insane (or make them consider me insane, whichever comes first). Of course, Anti-Dühring is a very solid book covering philosophy, political economy and socialism  (you could read it onLine by clicking here), while the op-ed of Ross Douthat is just an op-ed. Toutes proportions gardées.

The title of the op-ed is Marx Rises Again (which sounds kind of polemic, to put it mildly). For Mr. Douthat, the recent book of Piketty offers no more no less than the narrative for the 21th century Marxian revival, its point being that the so-called free markets, by their nature, tend to enrich the owners of capital at the expense of people who own less of it: the enrichment of the one percent on the expense of the ninety-none percent.

Mr. Douthat, disagrees with Piketty's theory. For him, even as the rich have gotten much, much richer, the 99 percent have shared in growing prosperity in real, measurable ways. And also, even if what happens today might prove the Marxian idea of everything solid melting into air, actually what’s felt to be evaporating could turn out to be cultural identity — family and faith, sovereignty and community — much more than economic security.

And Mr. Douthat concludes, somewhere in this pattern, perhaps, lies the beginnings of a  more ideologically complicated critique of modern capitalism — one that draws on cultural critics like Daniel Bell and Christopher Lasch rather than just looking to material concerns, and considers the possibility that our system’s greatest problem might not be the fact that it lets the rich claim more money than everyone else. Rather, it might be that both capitalism and the welfare state tend to weaken forms of solidarity that give meaning to life for many people, while offering nothing but money in their place.

It smells like social conservatism, you'd say, and you could be right. Anyway Ross Douthat doesn't make a secret of his conservative convictions.  However, the importance of the cultural dimension is not the monopoly of the rightist thinkers. Think at Gramsci.

I will come back to the book of Piketty, Capital in the Twenty-First Century. For now, I invite you to read the article of Mr Douthat:





(Thomas Piketty)

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Friday, April 18, 2014

Thomas Piketty


Thomas Piketty is a French economist who specializes in the study of economic inequality.

He was born in 1971 in Clichy into a family with strong leftist convictions (his parents were in the Lutte Ouvrière). At the age of 22 Piketty got his PhD with a thesis on the subject of wealth redistribution. After that he taught economics at MIT from 1993 to 1995, then he joined CNRS as a researcher, and in 2000 he became director of studies at EHESS.

Piketty created the Paris School of Economics and in 2006 he became its first head. He left this position (that supposed political neutrality) to join the French Socialist Party. Piketty remained Associate Chair at the economic school he had created. His Capital in the Twenty-First Century is a seminal work.



(Le Parnasse des Lettres)

(Zoon Politikon)

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