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Financial Times Outlines Problems with Piketty's Inequality Data

Financial Times Outlines Problems with Piketty's Inequality Data

Thomas Piketty’s  “Capital in the Twenty-First Century” has been widely praised by the left for its conclusion that capitalism is driving wealth inequality to levels not seen in over 100 years.

Financial Times did some checking on the underlying data which French economist Thomas Piketty used to under-gird his bestselling book. What FT found was a series of errors and unexplained data selections which, taken together, seem to undercut Piketty’s main thesis.

FT has a story posted about the issue here but this video clip actually does a better job explaining some of the details:

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