(Image: Marie Antoinette and her Children, Élisabeth Louise Vigée Le Brun, 1787) “When the rate of return on capital exceeds the rate of growth of output and income, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.” – Thomas Piketty, Capital in the Twenty-First Century,...Read More
“A key economic and social phenomenon in the United States is the concentration of wealth and economic power in fewer hands, a development that has become compounded by the general reluctance in American society to acknowledge or discuss issues of economic or political power.” – J. B. Atleson, Maryland Law Review, 1985, P. 841 It’s...Read More
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