External Sources
- https://sites.google.com/site/vinluanclasses/sociology
Sunday, November 22, 2015
Genius Hour Reflection
I watched Thomas Pickety's TED talk before last week's genius hour, and annotated it in my bibliography. He discussed the implications of his equation r > g which means rate of return on investment is always higher than inflation. The difference perpetuates and worsens wealth inequality. I didn't fully understand how he came to this equation from the video, so I revisited Capital to read a longer explanation. I am more convinced since I have seen his evidence, but to be fair it takes very little to convince me that capitalism perpetuates inequality.
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It might also be useful to look at the other side...reasons for the benefits of capitalism...
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