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Thomas Piketty laments widening economic gaps

Summary:
The visit of a famous French economist has sparked soul searching around the high levels of inequality in South Africa. The so-called ‘rockstar’ economist, Thomas Piketty, delivered the 13th Annual Nelson Mandela lecture at the University of Johannesburg’s Soweto campus on Saturday. Piketty’s book, Capital in the 21st Century, topped best selling lists in 2014. ...

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The visit of a famous French economist has sparked soul searching around the high levels of inequality in South Africa. The so-called ‘rockstar’ economist, Thomas Piketty, delivered the 13th Annual Nelson Mandela lecture at the University of Johannesburg’s Soweto campus on Saturday. Piketty’s book, Capital in the 21st Century, topped best selling lists in 2014. He argues that countries cannot rely on market forces to redistribute wealth and uplift the poor. He says without a global tax for the wealthy – the gap between the ‘haves’ and ‘have nots’ will continue to widen. He had the keen ear of South African politicians, businessmen and dignitories at Saturday’s event.



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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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