Thomas Piketty Knew This Was Coming

Consequently, the history of the twentieth century revolved to a large extent around the reduction of inequality between classes, races, and genders. Though the world of the year 2000 still had its share of hierarchies, it was nevertheless a far more equal place than the world of 1900. In the first years of the twenty-first century people expected

Today’s crisis of capitalism is especially severe. Four decades of neoliberalism have driven down wages, weakened labor rights, ravaged the environment, and usurped the energies available to sustain families and communities—all while spreading the tentacles of finance across the social fabric.

En 1887, de l’autre côté de l’Atlantique, James Carter Adams a cartographié les détenteurs de la dette publique étatsunienne. Il décrit l’existence au XVIIIe siècle d’une classe sociale de détenteurs d’obligations du Trésor. La bondholding class exigeait le maintien du service de la dette en tant qu’objectif national garantissant les profits des en