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.