Editor’s Note: This is a guest post by Sheila Bapat.
Economist Thomas Piketty’s Capital in the 21st Century emerged as the most prominent work addressing wealth inequality and the problems of capitalism this year. Capital provides data to demonstrate that the chasmic wealth inequality of today is unprecedented and is poised to only grow worse.
Piketty’s book, and works like it, satisfy the need for hard evidence of the problem of wealth inequality. They also satisfy the left (and by left I mean analytical) side of our brains. And that’s important — the notoriety of Piketty’s work positions the book to help influence dialogue about the problem of inequality as well as generate broader public awareness. A dispassionate work like Piketty’s may also be useful in debates against those who champion low wages or other manifestations of unregulated capitalism.
But what about how this economic picture affects our daily lives, our families, not to mention our hearts and our souls? Read More