Skip to main content

Posts

Showing posts from November 24, 2024

Where’s the Capital in Piketty’s Capital?

There have been a few praises and critiques of Thomas Piketty’s Capital in the Twenty-First Century. I have recently got across an. interesting one. Piketty, write Gareth Jones, “says relatively little about where capital is located, how capital accumulation in one place relies on activities elsewhere, how capital is urbanized with advanced capitalism and what life is like in spaces without capital.” In reading Capital “ I was struck by the attention to the rich, to those with wealth and their distance from the mean of incomes and wealth/capital, and how little analysis is given to the poor.” A geographical essay   (or through a gmail account ) Related I prefer Lordon’s dissection though. “Thomas Piketty’s thousand-page economics bestseller reduces capital to mere wealth — leaving out its  political impact on social and economic relationships throughout history .”

Quote of the Week: When Nobody Believes Anything Anymore

The moment we no longer have a free press, anything can happen. What makes it possible for a totalitarian or any other dictatorship to rule is that people are not informed; how can you have an opinion if you are not informed? If everybody always lies to you, the consequence is not that you believe the lies, but rather that nobody believes anything any longer. This is because lies, by their very nature, have to be changed, and a lying government has constantly to rewrite its own history. On the receiving end you get not only one lie—a lie which you could go on for the rest of your days—but you get a great number of lies, depending on how the political wind blows. And a people that no longer can believe anything cannot make up its mind. It is deprived not only of its capacity to act but also of its capacity to think and to judge. And with such a people you can then do what you please. —Hannah Arendt, an interview with Roger Errera, 1974