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Thomas Piketty

Thomas Piketty Quotes

Economist

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Famous Thomas Piketty Quotes

“The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.”

ThinkingReasonBigsAmericaWealthLevelsDemocracyCenturyEqualEuropeIdealsDemocraticInequalityReason WhyRelatedDistributionModerates19th CenturyDistribution Of WealthDemocratic Ideals
Author:Thomas Piketty
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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.”

FirstsSeemsValuesGrowthDemocracySocietyCenturyReturnCapitalismTwentiesDemocraticRateIncomeInequalityArbitraryExceedNineteenth CenturyDemocratic SocietyOutputUndermining
Book:Capital in the Twenty-First Century
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“What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements if, after half a century of industrial growth, the condition of the masses was still just as miserable as before, and all lawmakers could do was prohibit factory labor by children under the age of eight?”

IfsChildrenStillsAgeGrowthHalfConditionsCenturyMovementDevelopmentMassLaborInnovationPopulationEightMiserableFactoriesTechnologicalToilLawmakersHalf A Century
Book:Capital in the Twenty-First Century
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