The Book Depository Time for Socialism by Thomas Piketty

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The Book Depository Time for Socialism by Thomas Piketty
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Description: Time for Socialism : Hardback : Yale University Press : 9780300259667 : 0300259662 : 26 Oct 2021 : A chronicle of recent events that have shaken the world, from the author of Capital in the Twenty-First Century. The Book Depository Time for Socialism by Thomas Piketty - shop the best deal online on thebookbug.co.uk

 

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Author: Hande Z

Rating: 5

Review: Thomas Picketty became famous for his book, ‘Capital in the 21st Century’. His research and interests lie in the effect of macro economics on the distribution of wealth. ‘Capital’ is a big, erudite book but has attracted criticisms from some quarters who dispute his data and opinions about inequality in the (mainly) capitalist world. This volume is a collection of essays that span a greater collection of topics but through these essays, we come to understand better, how Picketty comes to see inequality and why it is the main problem in economics. In the opening essay, ‘Long Live Socialism’, Picketty at once announces his political stand as well as his economic vision, the marriage of which he explores in greater detail in his second book, ‘Capital and Ideology’. In other essays, he comments on monetary policies. Although not fully against monetary policies (as opposed to fiscal ones), he reminds us that ‘The problem is that not all problems can be settled by monetary creations’. Monetarism must not be a mere economic fetish but always remain ‘a tool within a collective system in which taxes and parliaments must retain the main role’. Such views, naturally, do not endear Picketty to the top 1 (or even 10) %. But anyone who has compassion for other humans and a desire that everyone deserves equal benefits that we derive naturally from this earth, and extra-naturally from our cultivation of nature will appreciate Picketty the more for the clear and noble ideals expressed in this book.

 

Author: Todd

Rating: 1

Review: - These are mainly essays that he has written that don't thematically tie together and often are a rehash of one another or his book, Capital in the 21st Century - He is an academic who has no real work experience telling everyone how to do things when he has no history of doing himself - Socialism/Communism have never worked. Soviet Union, China, Cuba, Venezuela have demonstrated this. Democratic socialism only works in the Scandinavian countries because they are homogenous cultures with a rich oil based sovereign fund to tap into. - Socialism/Communism's main issue is that it reduces the incentive to build great things. The US is the envy of the world because of the businesses we have created. No other country comes close to having Amazon, Microsoft, Apple, Starbucks, Netflix, Google. This is because we are a capitalistic country. People get rewarded for doing great things. - We, in the US, need to be very careful of these European economists like Piketty, Saez, and Zucman. These are the main three economists Sanders, Warren, and AOC listen to. They want the US to be more like Europe (Europe has no companies like the ones mentioned above). This will give Europe a chance to compete with the US. - No government program is going to save people. They have to do it on their own. I wish the socialists/communists would sometimes focus on the idea of self - family - community. In that world, you focus on yourself first. Make yourself financially, physically, mentally, emotionally and spiritually fit. Then you focus on helping, raising and mentoring your family. After that, you focus on your community. If everybody did the self - family - community model, governing would be much easier. - Finally, there are areas I do agree with Piketty but not with the thesis socialism/communism should replace capitalism. I do believe in a carbon tax (we do need to address climate change in a balanced way), I would like to see the step basis removed from the inheritance tax (you should have to pay a tax on change of ownership), I do think we should have more investigators to root out tax cheats (everybody should pay what the law states), and finally, we should do away from trusts (trusts were bad at the turn of the 20th century and they are bad now.)

 

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