Friday, April 25, 2014

A Brief Note on the Right's New Piketty Panic

We're beginning to see a real right-wing pushback on Piketty.  (See, for instance, the links discussed here* and here.)

The reason is simple, I think: the 1% — or, if you prefer, the 0.01% — understand power better than the rest of us.

Really gut-level understand it.

That's why they're scared.

They get, in a way that we don't, that we could just retake their ill-gotten gains.

If we chose to.

* Krugman is, of course, doing the columnist equivalent of sub-tweeting — sub-columning? — his colleague Ross Douthat, because of the Times' policy of not allowing their columnists to address each other.

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