Saving Capitalism from Itself

It's kind of an article of faith among some that capitalism is a magical solution to anything that ails you. Just let markets do their thing, and life will be good. In reality, while capitalism is a very good system, it is not perfect.

Saving Capitalism from Itself

VIII. Win-Win or Lose-Lose, Our Choice

Much of the economic discussion between liberals and conservatives is an argument over how to arrange the deck chairs on the Titanic. The only question that really matters is how to keep the whole ship from going under. (The final installment in an 8 part series on Thomas Piketty’s “Capital in the Twenty-First Century.”)

Saving Capitalism from Itself

VII. What is Wealth?

Whether as inherited capital, high incomes or the coffers of corporate “persons,” money begats money as never before. In a modern capitalist economy, that is really all you need to know. (Part 7 in a series on Thomas Piketty’s “Capital in the Twenty-First Century.”)

Saving Capitalism from Itself

V. Inequality in a Growing Economy

A single simple idea can change the terms of a conversation. The core of “Capital in the Twenty-First Century” is that kind of idea. It shifts the paradigm. Instead of trying to explain correlations, Piketty makes testable predictions. For those who take the time to understand him, Piketty changes the way people see.  (Part 5 in a series on Thomas Piketty’s “Capital in the Twenty-First Century.”)

Saving Capitalism from Itself

III. Piketty in a Nutshell

As Albert Einstein said, “Everything must be made as simple as possible. But not simpler.” Thomas Piketty may have set the world on fire with his tour de force, but simplified versions of his basic ideas are not at all hard to understand. (Part 3 in a series on Thomas Piketty’s “Capital in the Twenty-First Century.”)

Saving Capitalism from Itself

I. Thomas Piketty & Capitalism in the 21st Century

Thomas Piketty is largely responsible for focusing the world’s attention on the growing concentration of wealth in the hands of a few. His book, Capitalism in the Twenty-First Century is a flashpoint in that discussion. But before lining up as partisans, it might first be worth understanding his ideas.

(Part 1 in a series on Thomas Piketty’s Capitalism in the Twenty-First Century.)

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Over his 30 year career as an internationally known astrophysicist, Dr. Jeff Hester was a key member of the team that repaired the Hubble Space Telescope. With one foot always on the frontiers of knowledge, he has been mentor, coach, team leader, award-winning teacher, administrator and speaker, to name a few of the hats he has worn. His Hubble image, the Pillars of Creation, was chosen by Time Magazine as among the 100 most influential photographs in history.
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