Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century
Abstract
Thomas Piketty’s blockbuster Capital in the Twenty-First Century was followed by the publication of Capital and Ideology in early 2020. This paper looks at the differences between the two books, and provides an analysis and a critique of the main advances in the new book. First, Piketty drops r>g as an explanation for rising inequality. Instead, inequality is generated and constrained by economic power supported by an ideology. Second, there is a focus on the political consequences of inequality, including the rise of right-wing populism and the election of people like Donald Trump. Third, there is a new policy proposal-changes in corporate governance that gives labor and government seats on the Board of Directors of public corporations.
© 2021 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
- Title
- Contents
- Editorial
- Symposium on Capital and Ideology
- Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century
- Ideology and Institutions in the Evolution of Capital
- Is More Mittelstand the Answer? Firm Size and the Crisis of Democratic Capitalism
- Tensions in Piketty’s Participatory Socialism: Reconciling Justice and Democracy
- Justice, Power, and Participatory Socialism: on Piketty’s Capital and Ideology
- More Lessons to Learn: Thomas Piketty’s Capital and Ideology and Alternative Archives of Social Experience
- About Capital, Socialism and Ideology
- General Part
- The Role of Culture in Evolutionary Theories of Human Cooperation
- Discussion: Jonathan Birch, Toolmaking and the Origin of Normative Cognition
- The Skilful Origins of Human Normative Cognition
- If Skill is Normative, Then Norms are Everywhere
- Norms Require Not Just Technical Skill and Social Learning, but Real Cooperation
- The Skill Hypothesis: A Variant
- Normative Guidance, Evaluative Guidance, and Skill
- Refining the Skill Hypothesis: Replies to Andrews/Westra, Tomasello, Sterelny, and Railton
Articles in the same Issue
- Title
- Contents
- Editorial
- Symposium on Capital and Ideology
- Accumulating Capital: Capital and Ideology after Capital in the Twenty-First Century
- Ideology and Institutions in the Evolution of Capital
- Is More Mittelstand the Answer? Firm Size and the Crisis of Democratic Capitalism
- Tensions in Piketty’s Participatory Socialism: Reconciling Justice and Democracy
- Justice, Power, and Participatory Socialism: on Piketty’s Capital and Ideology
- More Lessons to Learn: Thomas Piketty’s Capital and Ideology and Alternative Archives of Social Experience
- About Capital, Socialism and Ideology
- General Part
- The Role of Culture in Evolutionary Theories of Human Cooperation
- Discussion: Jonathan Birch, Toolmaking and the Origin of Normative Cognition
- The Skilful Origins of Human Normative Cognition
- If Skill is Normative, Then Norms are Everywhere
- Norms Require Not Just Technical Skill and Social Learning, but Real Cooperation
- The Skill Hypothesis: A Variant
- Normative Guidance, Evaluative Guidance, and Skill
- Refining the Skill Hypothesis: Replies to Andrews/Westra, Tomasello, Sterelny, and Railton