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Capital and Ideology

Capital and Ideology

Book - 2020
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"Thomas Piketty's bestselling Capital in the Twenty-First Century galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system. Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity. Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new "participatory" socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power"--Provided by publisher.
Publisher: Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2020.
ISBN: 9780674980822
Branch Call Number: 305 PIK
Characteristics: ix, 1093 pages :,illustrations
Additional Contributors: Goldhammer, Arthur


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Feb 12, 2021

It is a textbook and over 1000 pages. Just looking at it made me give up. I am taking it back to the library.

Nov 26, 2019

Endless books, with endless details, only a few of any importance. It doesn't take a book of this size, or Piketty's previous one, to explain the existing financial structure: the Big Four investment firms, or various combinations of these Big Four firms, are the majority shareholders of the major corporations of North America and Europe and am uncertain of elsewhere - - since I have finite time and resources???
With subtle cross-shareholding their asset value and control is magnified to an unfathomable level.
Example: In cross-shareholding between two corporations, their asset value and control is magnified four times - - between four corporations, it is magnified sixteen times - - between eight corporations, it is magnified sixty-four times, i.e., exponential increase.
Hence, cross-shareholding by four or combinations of those four [as in two or three] among many thousands of corporations yields almost unimaginable financial power and control!
Now that did not require 500 to 1,000 pages, did it?

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