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Friday, December 11, 2015

Piketty Is Wrong: Markets Don’t Concentrate Wealth

Key excerpt from the article titled, "Piketty Is Wrong: Markets Don’t Concentrate Wealth ":


"Thus, contrary to what Piketty and other egalitarians think, unlimited wealth concentration is technically impossible in a market economy. This is the reason why a “one big cartel” controlling all the economy never appeared on the free market, and this is the reason why wealth concentration will always be limited."

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