A Joosr Guide to Capital in the Twenty-First Century by Thomas Piketty
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If a small but steady gap between rate of return on capital and rate of growth occurs, the imbalance will tilt heavily in favor of the already wealthy.
Irina Gosselinkhar citeretfor 7 år siden
the “capital,” which is essentially tools or money used to make more money.
Irina Gosselinkhar citeretfor 7 år siden
Capitalism, at its core, is all about producing goods or services with the primary purpose of acquiring money, instead of trading them for other goods, food, and clothing, as had been done in the past.