French economist Thomas Piketty has fundamentally changed the way we understand inequality. His global bestseller Capital in the Twenty-First Century brought the phenomenon of rising inequality to our attention and highlighted its economics basis. Piketty’s latest book, Capital and Ideology, takes the discussion even further to examine inequality as a political phenomenon, shaped by ideology and social institutions. What are the ideologies that have created our current age of inequality, and what are the risks this age poses? What would need to happen for change to occur? Hear Thomas Piketty in conversation with UNSW’s Richard Holden, as they explore the political basis of inequality in our hypercapitalist age.
I think the problem is not to regulate the movement of people, the problem is to regulate the movement of capital. I think free capital for all without common taxation is a big problem and was a big mistake.