What the 1% Don't Want You to Know
A new book thats the talk of academia and the media, Capital in the Twenty-First Century by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of Americas increase in income inequality over the past four decades is the result of steep raises given to the countrys highest earners.
This week, Bill talks with Nobel Prize-winning economist and New York Times columnist Paul Krugman, about Pikettys magnificent new book.
What Pikettys really done now is he said, Even those of you who talk about the 1 percent, you dont really get whats going on. Hes telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth.
Krugman adds: Were seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined were nothing like.
(Bill Moyers)
A new book thats the talk of academia and the media, Capital in the Twenty-First Century by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of Americas increase in income inequality over the past four decades is the result of steep raises given to the countrys highest earners.
This week, Bill talks with Nobel Prize-winning economist and New York Times columnist Paul Krugman, about Pikettys magnificent new book.
What Pikettys really done now is he said, Even those of you who talk about the 1 percent, you dont really get whats going on. Hes telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth.
Krugman adds: Were seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined were nothing like.
(Bill Moyers)
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