[Marxism] Capitalism in the Twenty-First Century:, Global Inequality, Piketty, and the Transnational, Capitalist Class,

Glenn Kissack gkissack at nyc.rr.com
Wed Jan 10 18:44:24 MST 2018


Very interesting. What book is this from?

Glenn

> By William I. Robinson
> 
>> But that is precisely the rub. Capital in the Twenty-First Century has been
>> so well received by the academic, media, and political establishment precisely
>> because it converges with the reformist agenda of a rising number of
>> transnational elites and intelligentsia. These elites have become increasingly
>> concerned that the social conflicts and political turmoil sparked by such
>> egregious inequalities may destabilize global capitalism and threaten their
>> control. They seek to save capitalism from itself and from more radical projects
>> from below. Like Piketty, they call for mildly redistributive measures such
>> as increased taxes on corporations and the rich, a more progressive income
>> tax, the reintroduction of social welfare programs, and a “green capitalism.”
>> They are also alarmed that extreme levels of inequality will undermine the
>> prospects for growth and profit making. The Organization of economic Cooperation
>> and Development (OECD), the club of the 34 richest countries, for
>> instance, warned in a 2015 report that the “global inequality gap” has “reached
>> a turning point.” The report did not have much to say about the social injustice
>> that such inequality represents, nor about the mass suffering it brings about.
>> It did, however, highlight that “high inequality drags down growth” and recommend
>> raising taxes on the rich.
>> 
> 
> 
> full: http://www.soc.ucsb.edu/faculty/robinson/Assets/pdf/CapitalismInThe21stCentury.pdf
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