this post was submitted on 03 Feb 2024
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Ironically, I got radicalised by a book written by a Milquetoast centrist, Capital In The 21st Century.
It's essentially a capitalist thinking through the fundamental implications of capitalism, especially that the market demands that the rate of return must be higher than the rate off growth. Piketty goes through the history of the 20th century and how the post-war boom came about, and how it's equality was dismantled in the eighties in order to fuel greater returns.
Then he comes up with his policy recommendations, and it's.... a wealth tax. Which you know, I'm not opposed to, but the idea that's going to have the same sort of impact as the creation of the welfare state and WW2 is insane. Never mind that there's nothing in place to prevent the rise of austerity again. At that point I knew the only way to proceed was to dismantle the capital class in it's entirety.
I read it too, I was unimpressed in the same ways too.