Bill Moyers and Paul Krugman Talk about a Society of Inherited Wealth

Posted on April 20, 2014 by Elaine Magliaro

CapitalPikettySUBMITTED BY ELAINE MAGLIARO

Last week, Bill Moyers sat down with Paul Krugman on his program Moyers & Company. The two men discussed Thomas Piketty’s book Capital in the Twenty-First Century. Piketty’s book “shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners”—and those increases may have a greater effect on the widening income inequality in this country than was previously thought.

Krugman:

“What Piketty’s really done now is he said, ‘Even those of you who talk about the 1 percent, you don’t really get what’s going on.’ He’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth.”

“We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.”

What the 1% Don’t Want You to Know

SOURCES

What the 1% Don’t Want You to Know (Moyers & Company)

2014 New York Times Top-Paid CEO Study Featuring Equilar Data (Equilar)

 

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8 Responses to Bill Moyers and Paul Krugman Talk about a Society of Inherited Wealth

  1. Mike Spindell says:
    April 20, 2014 at 9:34 am

    Elaine,

    Thank you for this. It says so much about today’s America and what ails it.

  2. Elaine M. says:
    April 20, 2014 at 9:42 am

    Mike,

    I watched the program on TV yesterday. I knew I had to post this video at FFS. I’m glad it was available on YouTube

  3. Tony C. says:
    April 20, 2014 at 12:41 pm

    Thanks Elaine; I watched that whole interview.

  4. Blouise says:
    April 20, 2014 at 3:52 pm

    Bought the book … 696 pages … am looking forward to many evenings by the fire with a snifter of brandy. I am really curious as to how he presents and supports his argument.

  5. Elaine M. says:
    April 20, 2014 at 5:29 pm

    Thomas Piketty Undermines the Hallowed Tenets of the Capitalist Catechism
    Not only does capitalist growth not reduce inequality; it increases it.
    Jeff Faux
    April 18, 2014
    http://www.thenation.com/article/179413/thomas-piketty-undermines-hallowed-tenets-capitalist-catechism

  6. bigfatmike says:
    April 24, 2014 at 9:32 am

    If you have been watching the spread Piketty’s message you might be interested in this presentation to the Graduate Center CUNY:

    The video is about an hour and a half and took a while to load on my system. It gets more interesting after the 9:30 mark.

  8. Jeffrey Liakos says:
    December 5, 2016 at 9:36 pm

    This is a bunch of b.s. that has no basis in reality.

Comments are closed.