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Old 11-27-2018, 07:18 PM
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Kitdy Kitdy is offline
Join Date: Oct 2006
Posts: 10,075
I was discussing this with some friends the other day. Thomas Piketty's Capital in the 21st Century came up. My friend's takeaway was that Piketty viewed our (i.e., Western liberal democracy's) economic system as not a free market at all; in fact it is a distorted market that favours large rent-seeking corporations. His interpretation was that Piketty (a socialist!) figured the free market better than our current arrangement.

Now, I have not read the text (I should) but this development gives credence to Pikety's argument.

Yes, I brought up politics.

The Canadian, Ontarian, and American government bailed out GM to the tune of billions of dollars and poof, they're gone. A piss-off, for sure. Corporate welfare seems stupid.
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