Not so long ago, a buddy of mine named Eric Garland tweeted that he didn't think most of Thomas Piketty's critics had read the book. I responded by asking if he had just learned about the nonexistence of Santa Claus. Eric, a somewhat anarchical economic analyst and bass player responded with "No Santa? Next you'll say no confidence fariy."
But, his ironic comment about the critics and Piketty makes a great point. If you're reading this blog, you probably recognize the name, and have an idea about what the guy has established as a position. Accrued wealth accrues more wealth faster than labor...or, rich people get rich faster than workers.This results in imbalance and is not a positive factor. But, sheesh, it's a thick book and most of it is review of research and a lot of it is boring stuff about calvados and cheese production in Normandy or something -- is there a Powerpoint adaptation?
Last weekend, John Oliver ranted for 13 hilarious minutes on his new TV show, Last Week Tonight about the problem of boredom. We have the collective attention span of gerbils. So, if you want to sneak something by us, do so in the most boring possible way. In the Senate and the House, they can use their rules to safely put those of us not working n the capital to sleep-deprived fever dreams in no time. With bureaucratic things like Net Neutrality, they can do it with discussions of rules.
I have Oliver's piece and my thoughts on the mess available here. Short form, they want us to trust the broadband industry to take care of our interests. Sure, trust the bureaucrats (did you know the guy running the FCC is the former chief lobbyist for the Cable industry??) and the lobbyists because...Benghazi?