Activity

Concerning risk: it is true that whoever lends money takes the risk that he or she might not see that money ever again. And the greater this risk is, the greater the interest demanded will tend to be. That does not mean, however, that interest is the ‘just wage’ for risk. In fact, the reverse is …

[...] On the one hand, inequality appears to be only explainable in terms of different levels of labour performance and therefore only legitimate in terms of labour performance; on the other hand, reality shows that this is not the case. That is the background as to why Piketty moves in circles. He…

Piketty regards the dominant economic system completely positively. All of his criticisms of conditions and their development are not intended as a principled objection to the capitalist mode of production and distribution. The ideal condition he strives for is a prosperous capitalism characterized…

While Piketty attacks the dominant economic form, capitalism, he never argues in an anti-capitalist way. First of all, his ‘laws of distribution’ according to his work are valid in every economic formation, not just in capitalism (which he also leaves conceptually vague). For Piketty, growing inequ…

Piketty’s central point of critique is aimed at the legitimation of inequality. Bourgeois society’s self-description, in which inequality is a consequence of different abilities, will no longer be accurate in the future. To make a long story short: effort will no longer be worth it.