Piketty: R > G

I like this from Kevin Drum.


Thing is, I love economics, and contemplating the inflows and outflows and actors.  Which is why I like Marx, cuz I think he described the actors well…

So I can appreciate R > G, which is Piketty’s minimal proposition.  I’ll be noodling that, because it’s then mysterious to me from what process R’s asset gains are all sucked from.  I accept it’s not a finite pie, and there’s elasticity….  But there’s got to be a process that is suffering from R’s gains.   Right?  Or not. 

I don’t think R sucks from labor though… which is what I think Marx would say.


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