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Very interesting. What book is this from? Glenn > By William I. Robinson > >> But that is precisely the rub. Capital in the Twenty-First Century has been >> so well received by the academic, media, and political establishment >> precisely >> because it converges with the reformist agenda of a rising number of >> transnational elites and intelligentsia. These elites have become >> increasingly >> concerned that the social conflicts and political turmoil sparked by such >> egregious inequalities may destabilize global capitalism and threaten their >> control. They seek to save capitalism from itself and from more radical >> projects >> from below. Like Piketty, they call for mildly redistributive measures such >> as increased taxes on corporations and the rich, a more progressive income >> tax, the reintroduction of social welfare programs, and a “green capitalism.” >> They are also alarmed that extreme levels of inequality will undermine the >> prospects for growth and profit making. The Organization of economic >> Cooperation >> and Development (OECD), the club of the 34 richest countries, for >> instance, warned in a 2015 report that the “global inequality gap” has >> “reached >> a turning point.” The report did not have much to say about the social >> injustice >> that such inequality represents, nor about the mass suffering it brings >> about. >> It did, however, highlight that “high inequality drags down growth” and >> recommend >> raising taxes on the rich. >> > > > full: > http://www.soc.ucsb.edu/faculty/robinson/Assets/pdf/CapitalismInThe21stCentury.pdf > _________________________________________________________ > Full posting guidelines at: http://www.marxmail.org/sub.htm > Set your options at: > http://lists.csbs.utah.edu/options/marxism/gkissack%40nyc.rr.com _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com