The bourgeois media has fallen head over heals in love with French economics professor Thomas Piketty's new book, Capital in the Twenty-First Century. You can't look at the financial press without stumbling across yet another review proclaiming it's brilliance. Only today the FT's Martin Wolf joined the chorus of adulation, describing it as an " extraordinarily important book".
Has anybody read it? Is it any good? I saw a summary the other day which said he basically says capitalism is making the world unequal and the only thing that can be done about it is co-ordinated global taxation.
I haven't read beyond the intro yet, but seems to be an extended discovery that wealth accumulates to the owners of capital, interspersed with weird assertions about Marx being wrong (he didn't understand machinery could improve productivity, apparently).