The 28 Generations Problem of Inequality

Thomas Piketty got a lot of attention, both good and bad, for his latest book. If you’ve never read it (admittedly, I have not either), the central idea is that, in capitalist economies, wealth will naturally concentrate in the hands of a few people because the return on capital investments typically exceeds standard economic growth. Because visuals are always good, here’s one of the many charts he uses in making his…