capital 21st century

Michael Hudson

Piketty’s Wealth Gap Wake Up (Part I)

KANSAS CITY | By Truman Factor| Karl Fitzgerald of Renegade Economists and Michael Hudson review French economist Thomas Piketty’s new book, Capital in the 21st Century, which is barnstorming the world at the moment. One of his important discoveries is the disparity in wealth is much greater than the disparity of income because of tax avoidance by the rich. They don’t earn an income.