Tuesday, November 11, 2014

Book review of the year...

...by the great Eric Falkenstein.


Piketty is a modern progressive, best defined as someone who thinks intellectuals should run everything as the vanguard of the people, which is why academics, journalists, and writers are predominantly progressive.  Hayek noted that scribes have always been egalitarian, probably always lamenting the fact that the idiots in power don't write nearly as well as them, and thus, are objectively less qualified but via some tragic flaw in the universe, end up in power. It forms the common reverse dominance hierarchy so common today, where obsequious, hypocritical yet articulate and confident leaders pander to the masses and rule via democracy, focusing their envious eyes on those who aren't interested in that game, such as those concerned with business, religion, or their own family.  As Piketty notes, "if we are to regain control of capitalism we must bet everything on democracy” (p. 573), he says from his inegalitarian and very undemocratic position at the Paris School of Economics.

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