piketty capital in the twenty first century

The average life expectancy in the 1700's is seventeen! 1% of the society in Britain owns 70% of the land which is slightly better then feudal times.įor a long time inequality was viewed as a good thing and a motivator for you to work harder.

The first time period that that is covered is the 18th century, a time where wealth is concentrated in a small group's control and no matter how hard you work or how much education you receive, money will hold back your social mobility and poverty is basically a death sentence. This is the premise of the entire documentary because you see what we deem as capital has changed dramatically over the last four centuries. 'Wealth in the form of money or other assets owned by a person or organization' is the definition of capital.

In order to evolve we need to be able to have the awareness that things aren't perfect and you should never be married to your ideas. It's easy to call anyone who argues against issues of capitalism a 'socialist' or 'communist' but this couldn't be further from the truth. The biggest fear being around the rise of inequality and the dangers of returning to inequality levels seen in the 18th and 19th century.īefore I continue it's important to note that I am pro capitalism, but there are several flaws with modern capitalism that flat out need to be addressed and this documentary does a great job explaining the origins of capitalism and providing solutions for the future. Capitalism ushered in the deregulation of the free markets, glorification of private property and a rise of inequality. The documentary opens with the fall of the Berlin Wall and sets the stage of exposing communism and championing capitalism, but Thomas Piketty warns that the capitalism we know now has gone too far. For those that cannot take the time to watch.I am about to do my best job of summarizing an entire documentary. The first thing I recommend that you do is immediately sit down and watch this because it is very well done and includes a wide variety of sources/opinions and they do a great job making things simple to understand. It came out in late 2019 and is based on the book written in 2013 with the same title. Like most things in life I am a little bit late to the party, but I have always felt like it's better to be late than never! I recently watched Capital in the Twenty-First Century on Netflix and became absolutely fascinated with the concepts and just the overall message.

Piketty capital in the twenty first century