Capital in the 21st Century

In "Capital in the 21st Century," Thomas Piketty examines wealth and inequality across three centuries. This short explores how, despite technological progress and economic growth, the basic structures of capital accumulation have remained largely unchanged. Piketty investigates the concerning trend of wealth concentration, where inherited fortunes grow faster than earned incomes, potentially threatening democratic values and social mobility. Using historical data from 20 countries, this work offers a clear view of how capital, labor, and inheritance shape our economy. Piketty suggests bold solutions, including a global tax on capital, in an effort to create a more equitable future for coming generations.