amrenmiller Review of Capital in the Twenty-First Century

Capital in the Twenty-First Century (2019)

Same old story, even if it gets told better every time

[19 September 2020]

I definitely learned some things, and also didn't. We keep on hearing the same story over and over again. The economy seems to keep lurching from crisis to crisis, and people throw up their hands every time there's a collapse of sorts and then private equity shows up and buys up everything, and the cycle of wealth accumulation goes basically unchallenged. Rinse, repeat. I don't really think it's that hard to imagine a solution. Politically, it shouldn't even be that hard. The elites make it seem like the solutions are untenable, but they distort the narrative significantly.

I have been reading a book about the Koch brothers, and I can say with absolute certainty: do not trust ANYTHING they say. I say to my family, when Eminem even acknowledges the very existence of mumble rappers, it gives them more power. It's the same with the 'mainstream news' media. If you even accept the very idea that someone's views on an opposing channel are worth debating, you have implicitly bought into the idea that they even have merit in the first place. So it's simple: don't accept the narratives of the elites. They live in a complete bubble and think the entire universe revolves around them, and they are absolutely myopic because they only hear each others' opinions and live in separate zip codes. I once heard, "To be rich in America means never having to be around people who aren't." So don't even accept any of the premises they are arguing from.

We need to have a reckoning. Don't accept the status quo.