Reddit reviews Capital in the Twenty-First Century
We found 3 Reddit comments about Capital in the Twenty-First Century. Here are the top ones, ranked by their Reddit score.
Reddit reviews Capital in the Twenty-First CenturyWe found 3 Reddit comments about Capital in the Twenty-First Century. Here are the top ones, ranked by their Reddit score.
Picketty's Capital in the Twenty-First Century is an excellent read for anyone interested in wealth inequality, the data behind it, and its effects.
Picketty explains wealth distribution inequality very well
>Unsustainable because 1) workforce is ageing, 2) low birth rates, 3) strict immigration policy.
This doesn't support your argument, as Norway owns the foreign asset equivalent of 100% of domestic capital stock collectively (ignoring domestic capital stock ownership held in common).
Unless the entire population is going to die off, Norway is in a much better position than other ageing countries.
>not to mention the scale effect of inefficiencies when expanded for a larger country
It's actually the other way around, Piketty (in Capital in the 21st century) demonstrated rather convincingly that;
r>>g, and
r for large asset pools > r for small asset pools.
The return on the collective stock of capital that can be held by a state doesn't shrink as the asset pool grows, it (judging by time series data) actually increases.