![]() ![]() He backs a kind of capital handout for the public –- a variant of helicopter money. In the new book, according to L’Obs, Piketty argues that no shareholder should control more than 10% of voting rights at a company –- even if they hold a much bigger stake. ![]() The Socialist candidate he backed in France’s 2017 election crashed out in the first round, though President Emmanuel Macron’s government has at least echoed the language of Piketty’s call to rethink capitalism. Its real causes are to be found in politics and ideology - and that makes it easier to challenge.īut the fixes proposed by Piketty under the banner of “participatory socialism’’ would involve dramatic upheaval for the world’s developed economies –- and the success of his ideas at the ballot box has been limited. Piketty says his conclusion is that it’s a mistake to see inequality as rooted in nature, or driven by changes in technology. ![]()
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