{"id":1906,"date":"2014-10-23T00:00:17","date_gmt":"2014-10-22T16:00:17","guid":{"rendered":"https:\/\/xavierlee.com\/?p=1906"},"modified":"2014-10-23T18:20:51","modified_gmt":"2014-10-23T10:20:51","slug":"capital-in-the-21st-century-by-thomas-piketty","status":"publish","type":"post","link":"https:\/\/xavierlee.com\/?p=1906","title":{"rendered":"Capital in the 21st Century by Thomas Piketty"},"content":{"rendered":"<p>Piketty&#8217;s Three Key Points:<\/p>\n<ol>\n<li>High levels of inequality are a problem\u2014messing up economic incentives, tilting democracies in favor of powerful interests, and undercutting the ideal that all people are created equal.<\/li>\n<li>Capitalism does not self-correct toward greater equality\u2014that is, excess wealth concentration can have a snowball effect if left unchecked.<\/li>\n<li>Governments can play a constructive role in offsetting the snowballing tendencies if and when they choose to do so.<\/li>\n<\/ol>\n<p>Source: <a href=\"http:\/\/www.gatesnotes.com\/Books\/Why-Inequality-Matters-Capital-in-21st-Century-Review\" target=\"_blank\">Gates Notes<\/a>\u00a0| <a href=\"http:\/\/www.economist.com\/blogs\/economist-explains\/2014\/05\/economist-explains\" target=\"_blank\">Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Piketty&#8217;s Three Key Points: High levels of inequa [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[3],"tags":[],"class_list":["post-1906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/xavierlee.com\/wp-content\/uploads\/2014\/10\/Capital-in-the-21st-Century.png","jetpack_shortlink":"https:\/\/wp.me\/p4rsr0-uK","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/posts\/1906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xavierlee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1906"}],"version-history":[{"count":1,"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/posts\/1906\/revisions"}],"predecessor-version":[{"id":1908,"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/posts\/1906\/revisions\/1908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xavierlee.com\/index.php?rest_route=\/wp\/v2\/media\/1907"}],"wp:attachment":[{"href":"https:\/\/xavierlee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xavierlee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xavierlee.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}