El Capital En El Siglo Xxi Link

This concentration of wealth was only interrupted by the "shocks" of the two World Wars and the Great Depression, which destroyed capital and led to high taxes on the rich. This created a unique period where economic growth outpaced capital returns, allowing a middle class to flourish.

Since the 1970s and 80s, we have returned to the "natural" state of capitalism. Wealth is once again accumulating at the top faster than most people's wages can grow, threatening to recreate a world where inherited status matters more than merit. The Recommended Solution El capital en el siglo XXI

Before the 20th century, a tiny elite owned nearly all the wealth, as seen in the novels of Jane Austen and Honoré de Balzac . In these societies, inheriting a fortune was a far more reliable path to success than working for a salary. This concentration of wealth was only interrupted by