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Thomas Piketty on Capitalism

born 1971 France

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When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.

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Quotes and notes from Wikiquote: Thomas Piketty (page history), available under CC BY-SA 4.0.