piketty capital in the twenty first century

The biggest fear being around the rise of inequality and the dangers of returning to inequality levels seen in the 18th and 19th century.īefore I continue it's important to note that I am pro capitalism, but there are several flaws with modern capitalism that flat out need to be addressed and this documentary does a great job explaining the origins of capitalism and providing solutions for the future.

Capitalism ushered in the deregulation of the free markets, glorification of private property and a rise of inequality. The documentary opens with the fall of the Berlin Wall and sets the stage of exposing communism and championing capitalism, but Thomas Piketty warns that the capitalism we know now has gone too far. For those that cannot take the time to watch.I am about to do my best job of summarizing an entire documentary. The first thing I recommend that you do is immediately sit down and watch this because it is very well done and includes a wide variety of sources/opinions and they do a great job making things simple to understand. It came out in late 2019 and is based on the book written in 2013 with the same title. I can see it being shown in schools.Like most things in life I am a little bit late to the party, but I have always felt like it's better to be late than never! I recently watched Capital in the Twenty-First Century on Netflix and became absolutely fascinated with the concepts and just the overall message. It’s brisk, first-rate stuff, and not especially radical. Not so when today the 1% that hold 70% of the world’s wealth remain a stark reminder of Britain’s 18th-century aristocrats, whose inherited land and wealth set them apart from the general public whose average life expectancy was just 17.

That might seem obvious, but Pemberton and Piketty encourage viewers to think about the way the acquisition of capital has been packaged and sold to the middle classes as a social leveller destined to improve the quality of life for all. Piketty appears as a talking head, bolstered by a cast of lively academics and economists who analyse more than 300 years of social, political and economic change, showing how unchecked capitalism works to widen the gap between rich and poor. In New Zealand film-maker Justin Pemberton’s documentary, French economist Thomas Piketty’s sweeping 700-page book from 2013 is condensed into an illustrated lecture that runs under two hours. Capital in the Twenty-First Century is not so much a critique of capitalism as a critique of its corruption.

Piketty capital in the twenty first century