Thomas Piketty Refuted

atomicdogg34
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Thomas Piketty Refuted

Im not sure if any of you have heard of this guy (im going to guess probably) but this is the guy who recently came out with this massive tome of a book Capital in the 21st century, which has this crazy theory that an increase in capital lead to an increase in wealth disparity (obviously very truncated summary but the major view I think)

This work was highly praised by progressives and those of that ilk

well it appears we have a problem, couple videos here:

First one: goes over the theory portion and why its a bit wacky

https://www.youtube.com/watch?v=aL90pISm7Y8

Second one: this is worse, it examines the empirical work itself, and it seems a lot of the data was cherry picked or outright made up

https://www.youtube.com/watch?v=yqIGnPw3Qkg

If you like Econ youll enjoy both.


Brian37
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 Yep, your second post

 Yep, your second post about economics in one day. Now watch as I post a video of a billionaire who agrees with me that the pay gap is hurting us.

 

https://www.youtube.com/watch?v=bBx2Y5HhplI

https://www.youtube.com/watch?v=q2gO4DKVpa8

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iwbiek
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most people tend to post

most people tend to post about stuff they know. most people.


atomicdogg34
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Brian37 wrote: Yep, your

Brian37 wrote:

 Yep, your second post about economics in one day. Now watch as I post a video of a billionaire who agrees with me that the pay gap is hurting us.


 

https://www.youtube.com/watch?v=bBx2Y5HhplI

https://www.youtube.com/watch?v=q2gO4DKVpa8

Jesus Christ man, taxes on the rich? wow. not even related to the vids I posted, which im positive you didn't even watch

I stopped watching the ones you posted after the guy claimed it was an "article of faith" and claimed believing it was equivalent to geocentrism.

Those aren't arguments. Those are a sophists trick.

And who gives a shit what this guy says anyways, Mitt Romney is rich and started businesses and hired people too, so does that mean hes right?

My argument against taxes isn't even an economic one, its a moral one.

You give me the impression that youre nothing more than a complete demagogue, you haven't even bothered to understand the argument from the other side

Youre basically the creationist asking why if we evolved from monkeys why are there still monkeys.

Let that sink in for a minute.


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Do I smell something

Do I smell something burning? Ooooohhhhhh.

 

Our revels now are ended. These our actors, | As I foretold you, were all spirits, and | Are melted into air, into thin air; | And, like the baseless fabric of this vision, | The cloud-capped towers, the gorgeous palaces, | The solemn temples, the great globe itself, - Yea, all which it inherit, shall dissolve, | And, like this insubstantial pageant faded, | Leave not a rack behind. We are such stuff | As dreams are made on, and our little life | Is rounded with a sleep. - Shakespeare


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I never heard of the guy,

I never heard of the guy, or his study. I give it zero credence. The problems with economics in society are far more varied than a simple increase in capital. Constant inflation is one of the inherent flaws, but it is one of many.

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