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The Piketty Phenomenon, Part II

Summary:
This is Gerardo Otero's Part II of his exposition of Thomas Piketty's book, Capital in the Twenty-First Century. It presents his elegant formula and explains why capitalism in its neoliberal stage tends to deepen inequality - and what it would take to change that to lessen inequality. A later video will present a critical synthesis of Piketty's 2022 book, A Brief History of Equality, in which he takes a more optimistic perspective than in his earlier book. His main proposal is for a democratic and participatory socialism.

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This is Gerardo Otero's Part II of his exposition of Thomas Piketty's book, Capital in the Twenty-First Century. It presents his elegant formula and explains why capitalism in its neoliberal stage tends to deepen inequality - and what it would take to change that to lessen inequality. A later video will present a critical synthesis of Piketty's 2022 book, A Brief History of Equality, in which he takes a more optimistic perspective than in his earlier book. His main proposal is for a democratic and participatory socialism.
Thomas Piketty
Thomas Piketty (7 May 1971) is a French economist who works on wealth and income inequality. He is a professor (directeur d'études) at the École des hautes études en sciences sociales (EHESS), associate chair at the Paris School of Economics and Centennial professor at the London School of Economics new International Inequalities Institute.

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