Finally...

[Lukey]

Piketty gets a good going over:

http://www.businessweek.com/article...t-thomas-piketty-faces-trial-by-peers#r=hp-ls

Warning - it isn't pretty. His book was basically a goal seeked socialist narrative. Capitalism doesn't concentrate wealth any more or less than socialism does. People bending the system's rules in their favor do create the tendency for wealth to become less equally attainable. And that is what produces inequality.

 

[resident_evil]

The economic system that is least dynamic and least organic is socialism/communism. That fact leaves me completely bewildered as to why Krugman, Piketty, et al are such unapologetic proponents of them and such anti-capitalists. Wouldn't studying something organic and dynamic be far more interesting than sitting around a table and by fiat planning an equally distributive economy? What is it with the control freak and evident envy nature of these economists that is getting them awarded Nobel prizes?

And as you've pointed out the problem with capitalism is the corrupt nature of politicians who succumb to the unbridled aspects of capitalism to seek favorable economic terms. I don't blame capitalism for wealth imbalances. I blame politicians who cannot remain above the fray and simply provide a balanced and fair playing field. These communist ecnonomists are not so dumb not to see the true problem, rather they have god complexes and I'm sick of them. They are pernicious dangerous beings.

 

[Lukey]

The economic system that that is least dynamic and least organic is socialism/communism. That fact leaves me completely bewildered as to why Krugman, Piketty, et al are such unapologetic proponents of them and such anti-capitalists. Wouldn't studying something organic and dynamic be far more interesting than sitting around a table and by fiat planning an equally distributive economy? What is it with the control freak and evident envy nature of these economists that is getting them awarded Nobel prizes?

And as you've pointed out the problem with capitalism is the corrupt nature of politicians who succumb to the unbridled aspects of capitalism to seek favorable economic terms. I don't blame capitalism for wealth imbalances. I blame politicians who cannot remain above the fray and simply provide a balanced and fair playing field. These communist ecnonomists are not so dumb not to see the true problem, rather they have god complexes and I'm sick of them. They are pernicious dangerous beings.

Yes, you hit the nail on the head. These clowns like Piketty and Krugman are narcissists who believe only they possess sufficient knowledge and virtue to create an equitable society. Of course they are wrong and all the produce is un-equally shared economic decline. Capitalism will produce wealth inequality - which is one of its inherent integral traits - but if the markets are policed lightly enough to maintain equal access rather than doling out access to preferred people and groups, it will recycle itself through creative destruction - which is another of capitalism's integral traits - and new wealth is created as old wealth is redistributed and it is all done according to merit, rather than political pull.