“Connecting the Economic Justice Dots”
Ed Bacon and Charlie Rahilly discuss the influential work of economist Thomas Piketty in a multi-media Rector’s Forum focused on the intersection between cutting edge economic theory and the social justice imperative. Piketty, a French economist has written a new book “Capital in the 21st Century” — a runaway, off the charts, sold-out-at-Amazon best seller which Paul Krugman believes “has transformed our economic discourse; we’ll never talk about wealth and inequality the same way we used to.”
This discussion includes excerpts from the Bill Moyers interview with Krugman about what Moyers calls “America’s mad dash toward oligarchy” and Piketty’s premise “that we haven’t just gone back to 19th-century levels of income inequality, we’re also on a path back to “patrimonial capitalism,” in which the commanding heights of the economy are controlled not by talented individuals but by family dynasties.” In these trends, both Piketty and Krugman contend, are the roots of our growing economic gap as well as a very real threat to democracy in the growing inequality in the U.S.
Here is the Facebook event page.