Capital in the Twenty-First Century 

The video starts around 9:30.

Missed "Capital in the 21st Century" on April 16, feat. French economist Thomas Piketty, Paul Krugman, Joseph Stiglitz, & other economic scholars? Watch it on the GC's RU-vid channel.

Oh, I've been refreshing the RU-vid page for a week hoping to see this. I was really upset to miss the live stream. Thanks so much for putting this up!

Great Phrase at 1:14-1:15 (hour:minute): "Talent for rent seeking"!

I loved the book, thanks to all who put in the hard work and to Piketty.

Thank you Krugman for writing about this work in the newspaper.

I was REALLY hoping they would have discussed worker ownership of capital goods as one way to make capitalism less unequal.

The idea of "the stupid rich don't stay rich for long" is now proven to be false, inheritance is a very large factor.

introductory speaker has 10/10 anime hair, absolutely stunning

Yes, this IS important - thank you for making this available to the whole world. It is good to know that the trend that Thomas Piketty lays out is NOT a remorseless law of economics; it is a trend which will the rich will work to increase whenever the state fails to organize for the benefit of those who are not in the 1%.

#Piketty #Krugmann #Stiglitz sur *Capital in the Twenty-First Century* dernier livre de Piketty 1h30 de conférence ça mériterait des sous-titres

Great Book!!!!! A must read.

Thank u thomas Godbless!

Avec cet accent je comprends tout ce qu il dit, c est top !

Great education! Please don't forget "Economics One" by Paul Samuelson, and the exclusive opinion that "countries have only two options: manufacturing BUTTER or CANON". Old generations were educated with basic formulas, and I sorry that we are call as "humanity". Please accept my ignorance. Henry.

Thomas is right, it will take another amendment to the constitution. Tax on income is one thing, but tax on wealth is another. A tax on wealth would actually require confiscating property. Boy do I hope I live to see the day! How amazing would that be!

Dynasties and oligarchy. I am going to buy this book. Thank you.

I find it quite difficult to understand Piketty's accent.

love TP's non-partisan matter of fact data driven perspective.

Excellent

I'm a stock investor and started reading the book in Korea just for personal interest. I feel a little bit excited while reading this book, I think he took the 'scientific correctness' (but not mathematical correctness) of economics to a whole new level.

There is a contribution in the same direction of Piketti's proposal at the very year of the 2009’s grand depression on www.latindex.ucr.ac.cr/econ003-04.php in Spanish. And a further contribution on microeconomics conditions at the firm’s level at revistas.ucr.ac.cr/index.php/economicas/article/download/8008/7630 also in Spanish.

The trend about which wrote Picketti, there are more than 40 years. He written about that was obvious even to no economists. )))

OMG that's how you pronounce Thomas pikkety

It would be great if this analysis could be extended to quantify how much of the capital accumulated is from the colonial period and from fossil fuel extraction. We know the Koch brothers are 2 of the top 10 wealthiest in the USA, and that they made their money from fossil fuels and vulture funds. I guess that inequality not only undermines the political context of the countries where the wealthy reside, but also, contributes to under development in the global south. Most importantly I would argue is that a big chunk of the wealth generated contributes to climate change and threatens planetary survival.

Ladies and gentleman, Thomas Piketty, author of Capital in the Twenty-First Century.

Ze modesty of Picketty iz striking.

No wonder Americans hail Roosevelt - look how much equality his policies brought!

I thank a lot Piketty for his great work... but I can barely understand what he says... Honestly, his English gives me a headach... I think he should speak in French and have a very good translator...

Think they should of had David Harvey here as well, only fair.

To say fish live in the water is enough for most people. They understand what you are saying, unfortunately to others you need to explain gills, dissect one show its parts, name each one and classify it, then they believe you. Well I will say what I have to say in the version for intelligent people ( the first group ) Inequality is the source of every single problem in society, has ever been and it will always be.

Nice debate - Thomas Piketty´s book.

wish richard d. wolff had participated in this event, which was interesting in any event.

It is so nice that they reviewed Piketty's book. Unfortunately once it tells them what they want to hear all further review of his data is absolutely void. Luckily the FT did the work none of these geniuses were able to perform!!!!!!!!!!!!

Anything in there about who tells payroll departments how to distribute revenues?

1:28:36 - Paul Krugman says that the wealth of Bill Gates is not properly earned. Go get 'em Paul! Milk those rich cows for all they've got.

Where are the trolls? All trolling the Krugman videos?

this panel needs Micheal Hudson

😇

You should have researched REFUND$. People live REFUND 2 REFUND. Think about that.

Clarity....there is no substitute for it. How is wealth redistributed? If you can step away from the personal part of it. Of course this is difficult, when the baby is crying for food, and your children are turned out into the streets. Neither can any marriage survive it. But Ray Dalio (the largest Hedge fund manager in the world) brought clarity to me. Such a good man. He dispassionately explains that Greece, like many other countries, is "debt saturated", and thru the austerity measures described in this video, are undergoing a de-leveraging cycle. Charlie Rose Show: Ray Dalio, Bridgewater Associates And what does that mean? It means after the working populace have their wages systematically driven down, their unions destroyed, and their jobs out sourced, easy credit is extended to "help them" out, until one day, there are not enough assets to cover their debts. Then, these assets are "called in" thereby de-leveraging the lenders financial exposure. This cycle amasses massive funds. In fact it gathered more net worth than Google, Amazon and E-Bay combined for Bridgewater Asset Management.

+TM LUTAZ Read the book and please stop writing. then hate. By hating before hand and calling it dismissable and irrelevant is possibly the dumbest thing i've ever heard. ''I haven't tried chicken but i hate how they taste like licorice'' that's u Lutas. Now u seem rather informed, but jumping to conclusions and not being able to critic both a product and one's own information, and then do judgement of a product, is a bad bad bad bad standard for evaluating the authenticity of a product. My advice educate yourself by reading the book like everyone here advices u to.

So, Lecture Future Crisis No. 4: Bank Banking - What Will We Leave For Our Children? The collapse of the entire market economy and the financial system of the world. Devaluation - Dollar. Imagine Bankrupt of All Banks of the World - How Many People Will Affect Staff Investors, Customers.The scenario of the development of events and consequences. Introduction - All Data is Based on Figures and Naturally, On the Analysis of History. Having analyzed: All Crises In a row ,. Military Actions Around the World. To understand - what country at what time - quickly got up - on her feet financially, economically, psychologically. World - All Countries of the World - Sorry! This is the Initial Model of the USSR from 1945 to 1970! Beginning of the Future Crisis (Stone Age) - 1 Sign - Bank Collapse. 2 Cash Out. 3 Financial and Economic Institutions Nothing to Do - Could Not! Warren Buffett's words: "All the Banks - Played Over!" Yes exactly! Banks - Financial Needle! % Accrual System - Doesn’t Take into account Errors: From Inflation - Planet Resources, Natural Disaster, Human Factor, Elementary - Dollar Jumps on the Exchange Every Day - And% Accrual System - Same Stable - How ?, ... Hundreds, Thousands Factors! In 2008, Spruce Economy Restrained by 1 Industry - Real Estate - Oversupply! Friends Oversupply - In All Economic Financial Industries! List of Industries I will Provide later. After - Sorting and Selection - Strategically Important for the Country and Competent Redistribution of Current Resources Between Industries: Equipment, Production, Administrative, Squares, ... All - The World is Tied to the End Currency (US Gold Reserve Relation to the Current Moment 1 Dollar = -10000 Dollars Lecture No. 3, I will leave it at the end). What is happening now in the financial and banking sector of the world? This: 1 Industrial and Commercial Bank of China (ICBC) Assets: $ 4,009 billion. China. 2 China Construction Bank Corporation Assets: $ 3,400 billion. China. 3 Agricultural Bank of China Assets: $ 3,235 billion. China. 4 Bank of China ltd Assets: $ 2,991 billion. China. 5 Mitsubishi UFJ Financial Group Assets: $ 2,780 billion in Japan. 6 JPMorgan Chase Assets: $ 2,533 billion. 7 HSBC Holdings plc Assets: $ 2,520 billion. UK (England) 8 BNP Pariba Assets: $ 2,357 billion France. 9 Bank of America (BoA) Assets: $ 2,281 billion. 10 Crédit Agricole Assets: $ 2,117 billion France. 11 Wells Fargo & Co. US $ 1951 billion 12 Japan Post Bank Japan $ 1,874 billion 13 Citigroup US $ 1842 billion 14 Sumitomo Mitsui Financial Group Japan $ 1,775 billion 15 Deutsche Bank Germany $ 1,765 billion 16 Banko Santander Spain $ 1,736 billion 17 Mizuho Financial Group Japan $ 1,715 billion 18 Barclays Plc England $ 1,532 billion 19 Societe Generale France $ 1,531 billion 20 Groupe BPCE France $ 1512 Billion Here you have the Countries by Rating - Disasters! SOS! @, EuropeanUnion, Japan, UnitedKingdom, Germany, Spain, - Hands Shake When I Write This! China - Generally Calm! And here the USA - Will Hold - Until the Last. And lie! A list of countries by the number of banks included in the “top 100 by total assets". Rating Country Number of banks in the top 100 European Union 36 China 18 USA 12 Japan 8 France 6 Great Britain 6 Canada 5 Germany 5 Spain 5 Australia 4 Brazil 4 South Korea 4 Sweden 4 Italy 3 Netherlands 3 Singapore 3 Belgium 2 Switzerland 2 Austria 1 Denmark 1 India 1 Norway 1 Russia 1 Taiwan 1 Dear Ukraine! The Main Sign of Inflation - Remember This Date Forever - It's Already 6 Monetary Inflation - The Same Rake! - The National Bank of Ukraine from September 25, 2019 gave banks the right to round off cash transactions in connection with the withdrawal of cash of small denominations of 1, 2 and 5 cents from cash circulation. When Will We Learn To Correct Our Mistakes? So Souls Suffered! No - Greed, Pride, All In Its Mouth! Tear up Baby! Greed Fraera Destroy! Decision: 1. Refusal of the Old Economic, Financial, Banking System of the World. Development - New Observing Interests of the Planet, Children, Animals, People! Considering the Latest and Planned Future Technologies. 2. Properly, Correctly, Distribute Existing Resources of Countries, Planets, Continents. Taking into account the Crisis! 3. Entering the Arena of 5 International Currencies - Not Subject to Inflation, Default, Crash! 4. The New System of State Enterprises - Strategic Industries - Property of Residents of the Country. 30% - DEVELOPMENT OF OWN PERSONNEL, 30% - NEEDS OWN PERSONNEL, 30% - PRODUCTION, 10% Management Board 40 people For managing this enterprise. This is Only 1 Industry - Banks. P.S. - May the Lord Protect you All! Save And Save You All May It Be So! In the Name of Our Lord Jesus Christ the Holy Spirit Amen 8 Times!

I have four concerns about this sort of discussion. 1. We need to recall that inequality as such is not objectionable, since people do not work equally hard or care equally about material goods. Moreover, most people would rather be poor in a rich society where even the poor have lots of stuff, than rich in a poor society where even the rich lack electricity and plumbing. 2. We must not sever the connection between individual effort and wealth, since the ability to provide for oneself and one's loved ones is one of life's greatest satisfactions. 3. We should not think of ourselves as taking a pre-existing pool of wealth and distributing it as on a bread line. The pool of wealth is what individuals create and their effort reflects their confidence or lack of it that they will be allowed to choose their work and keep a good portion of their earnings. 4. If I earn money and choose to give it to my heirs, why punish me for that? The alternative is spending it on stuff I don't want since otherwise the government takes it.

The more I learn how ignorant most Americans are to inequality in their own country, the more I care less about them and wish on them more exploitation at the hands of their elite. I keep trying to convince Americans that they need to tax their rich more so they'd have a higher standard of living rather than be subject to hardship. They just dismiss me and continue to brown nose the rich, spouting mantras about how rich people are great. Even though I am not an American, I can easily buy an S&P 500 index ETF and profit from the growing disparity between growth and capital in the US compared to economic growth. About half of American capital (including stocks and bonds) is foreign owned anyway, so the whole world is exploiting the American worker. American workers should either vote to tax the rich or get back to work and be good wage slaves by paying their taxes so global investors can collect dividends and interest.

That unbuttoned shirt is so distracting 🤣 oh you french

mark blyth

That’s all real nice, one problem, the hyper rich don’t pay income tax, if they do it ends up representing ~1% of their wealth, if you want to see this for yourselves, go look at any sec 10k report, and take a gander at the executive compensation section. Capital gains constitute ~99% of these salaries which wouldn’t throw this method off so much if not for the Delaware problem. You’ll quickly notice 3/4 massive companies are registered in Delaware. Weird, right? Ohhh wait it’s because Delaware offers LLC registration and by default counts a share of any LLC’s stock as $0.000001 par share. No gains, no income, no tax, no data, but this consortium of demons already knows all that! 😃 we’re all gonna die!!! Thanks guys 🤠🤑🤮

Taxation is really not any kind of answer to the problem. The problem is efficient allocation of resources, and linking production to the full range of social needs - including the need for full employment, housing, birth rates, education, etc. It clear that Capitalism is too chaotic and pathological to ever do this in an efficient manner. The USSR failed because it did not have the have information technology necessary to plan demand and supply. That technology is now available, and Peak Oil will force us to adopt central planning of all sectors or the economy. .

A french economist? did not know there was such a thing any more. I am guessing his solution to everything is more government?

Capital in the 21st Century Book Review Video Review in Response

The second speaker (who doesn't know when to shut up) says the poor don't live as long but I would like to see the figures for those individuals who have finished high school and committed no felonies. I suspect most or all of the difference would disappear.

French guy is not understandable.

That unbearable French accent though.