Is Inequality Caused by Capitalism or Statism?

By John Browne
06/27/2014
The French economist Thomas Piketty has achieved worldwide fame by promoting a thesis that capitalism is the cause of growing economic inequality. Unfortunately, he is partially right. However, the important distinction missed by Piketty and all of his supporters is that state capitalism, not free market capitalism, has reigned supreme in recent decades in the world’s...

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Piketty's Envy Problem

By Peter Schiff
06/12/2014
Editor’s Note:  While Thomas Piketty’s new book “Capital in the 21st Century” appears destined to be the 700 page book that will occupy a prestigious spot, usually unread, on every ardent leftist’s bookshelf, this 1,960 word essay by investment expert and financial commentator Peter Schiff should be required reading – especially by leftists. Because it...

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"Permissionless Innovation" Key to Economic Growth

By Bill Frezza
06/06/2014
Whatever your views on the role of government, one thing is clear: There will be no way to pay for it if the economy doesn’t grow. And I’m not talking by a measly percentage point or two. If we can’t find our way back to 5 percent annual economic growth or above soon, America’s accumulated...

TAGS: Thomas Piketty