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Showing posts from April 19, 2014

Return on Capital : Aspiring For Equality

Aspiring For Equality Gautam Adhikari So, was Karl Marx right? Is capitalism doomed to failure because of unsustainable, ingrained contra dictions? Or did Marx misread the future? It’s a debate that has flickered back to life in thinking circles in the US and Europe.     Two sparks have ignited it. One is a mushrooming of studies that show a rapid widening of economic inequality in major economies of the West and in emerging markets like India, Brazil and China. In Asia, 12 economies, which account for 80% of the population of the region’s developing economies, have seen inequality rise steeply in the last decade. A Pew survey of pre-poll public opinion said 70% of Indians were highly dissatisfied with the state of affairs in the country. Their chief worries: corruption, inflation and, importantly, inequality.     The other spark is the release of a book, Capital In The Twenty-First Century, by French economist Thomas Piketty, a p...