A readable introduction to Piketty’s worldview.
A review of global inequalities of income and wealth and the factors that might reduce them.
In this slim volume, based on a 2022 lecture at the Musée du Quai Branly—Jacques Chirac in Paris, the acclaimed French economist Piketty, best known for Capital in the Twenty-First Century, draws on previous research and writings to sketch his understanding of the political underpinnings of social and economic inequality and its variations historically and across countries. Although the data show a “tendency toward greater social equality” since the late 18th century, a slowing of that trend has occurred since the late 20th century. These movements are neither inevitable nor simply a matter of personal talents or economics. Rather, reductions in inequality directly relate to political culture and, specifically, collective political mobilizations that pressure national governments to institute progressive taxation, fund education open to all social groups, and encourage both participatory governance and worker involvement in corporate governance. In presenting his argument, Piketty includes historical material from France, Sweden, other parts of Western Europe, and the U.S., and he briefly comments on gender inequality, colonial and war debt, the rise of the welfare state, and climate change. Readers familiar with the author’s earlier work will find little that is new. The book is a synthesis, as Piketty meanders from topic to topic while only briefly digging into each. Moreover, contrary to the title, the author writes little about nature and culture. Regarding nature, Piketty points to the unequal global and class responsibility for carbon emissions and suggests, equivocally, that the problems of climate change eventually “may lead to a greater demand for equality than we’ve recently seen.” As for culture, it surfaces only as a way to differentiate political systems that harbor different clusters of individualistic and collective values.
A readable introduction to Piketty’s worldview.Pub Date: Sept. 3, 2024
ISBN: 9781635424560
Page Count: 96
Publisher: Other Press
Review Posted Online: April 19, 2024
Kirkus Reviews Issue: June 15, 2024
An incisive, urgently relevant analysis of—and call to action on—America’s foundational ideal.
An examination of how the U.S. can revitalize its commitment to freedom.
In this ambitious study, Snyder, author of On Tyranny, The Road to Unfreedom, and other books, explores how American freedom might be reconceived not simply in negative terms—as freedom from coercion, especially by the state—but positive ones: the freedom to develop our human potential within sustaining communal structures. The author blends extensive personal reflections on his own evolving understanding of liberty with definitions of the concept by a range of philosophers, historians, politicians, and social activists. Americans, he explains, often wrongly assume that freedom simply means the removal of some barrier: “An individual is free, we think, when the government is out of the way. Negative freedom is our common sense.” In his careful and impassioned description of the profound implications of this conceptual limitation, Snyder provides a compelling account of the circumstances necessary for the realization of positive freedom, along with a set of detailed recommendations for specific sociopolitical reforms and policy initiatives. “We have to see freedom as positive, as beginning from virtues, as shared among people, and as built into institutions,” he writes. The author argues that it’s absurd to think of government as the enemy of freedom; instead, we ought to reimagine how a strong government might focus on creating the appropriate conditions for human flourishing and genuine liberty. Another essential and overlooked element of freedom is the fostering of a culture of solidarity, in which an awareness of and concern for the disadvantaged becomes a guiding virtue. Particularly striking and persuasive are the sections devoted to eviscerating the false promises of libertarianism, exposing the brutal injustices of the nation’s penitentiaries, and documenting the wide-ranging pathologies that flow from a tax system favoring the ultrawealthy.
An incisive, urgently relevant analysis of—and call to action on—America’s foundational ideal.Pub Date: Sept. 17, 2024
ISBN: 9780593728727
Page Count: 368
Publisher: Crown
Review Posted Online: June 25, 2024
Kirkus Reviews Issue: Aug. 1, 2024
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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