Thomas Piketty on Thomas Piketty

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Holy hell! I liked Piketty when all I had was his ideas. Now I know he is a two-headed monster! Flee!


“Thomas Piketty is a French economist who works on wealth and income inequality.”

Not on the Christmas Card Lists of the 1% of our grand planet.


The OP repeats the claim that regulation of intellectual property rights is important for private wealth accumulation which seems like maybe the understatement of the year.

Intellectual property can be infinitely and perfectly reproduced by digital means at almost no cost. Supply exceeds demand — infinitely. The “law of supply and demand” does not seem to apply at all.

So the “market” for intellectual property is a completely socialist creation — almost purely a function of government regulation.

And isn’t it true of markets generally and just more visible in a digital age?

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