Abstract
Thomas Piketty’s Capital and Ideology (2020) offers a powerful critique of ideological justifications for inequality in capitalist societies. Does this mean we should reject capitalist institutions altogether? This paper defends some aspects of capitalism by explaining the epistemic function of market economies and their ability to harness capital to meet the needs of the relatively disadvantaged. We support this classical liberal position with reference to empirical research on historical trends in inequality that challenges some of Piketty’s interpretations of the data. Then we discuss the implications of this position in terms of limits on the efficacy of participatory governance within firms and the capacity of the state to levy systematic taxes on wealth.
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Artikel in diesem Heft
- Frontmatter
- Editorial: Post-truth and Democracy
- Are we Really Past Truth? A Historian’s Perspective
- Post-deliberative Democracy
- Something Funny Happened on the Way to the Twenty-First Century
- Fitting and Fudging: On the Folly of Trying to Define Post-truth
- Democracy Naturalized: In Search of the Individual in the Post-truth Condition
- Behind the Screens: Post-truth, Populism, and the Circulation of Elites
- Symmetry as a Guide to Post-truth Times: A Response to Lynch
- General Part
- Capital, Ideology, and the Liberal Order
Artikel in diesem Heft
- Frontmatter
- Editorial: Post-truth and Democracy
- Are we Really Past Truth? A Historian’s Perspective
- Post-deliberative Democracy
- Something Funny Happened on the Way to the Twenty-First Century
- Fitting and Fudging: On the Folly of Trying to Define Post-truth
- Democracy Naturalized: In Search of the Individual in the Post-truth Condition
- Behind the Screens: Post-truth, Populism, and the Circulation of Elites
- Symmetry as a Guide to Post-truth Times: A Response to Lynch
- General Part
- Capital, Ideology, and the Liberal Order