
The economic bombshell that sold 2.5 million copies worldwide, revealing why wealth inequality keeps growing. Piketty's controversial r>g formula sparked fierce debates among economists and inspired a documentary film. Could his radical wealth tax proposal actually work?
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When Thomas Piketty's "Capital in the Twenty-First Century" became a global phenomenon in 2014, it accomplished something remarkable-it transformed dense economic history into a cultural touchstone. What made this 700-page data-driven tome capture worldwide attention? Piketty had identified capitalism's fundamental flaw: left unchecked, it naturally produces ever-increasing inequality. At the heart of this insight lies a deceptively simple formula: r > g. When returns on capital exceed economic growth, wealth inevitably concentrates. This isn't abstract theory-it's the mathematical reality that created the stark class divisions of 19th-century Europe, where inheritance determined destiny and work alone could never produce financial security. Think of Jane Austen's world, where a comfortable life required passive income no professional salary could match. After a brief 20th-century interruption caused by world wars and progressive taxation, we're now watching this force reassert itself with troubling speed.
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