Capital in the Twenty-First Century (Thomas Piketty)

"Capital in the Twenty-First Century" by Thomas Piketty examines wealth inequality through historical and economic analysis. Piketty argues that the return on capital (like investments and property) generally exceeds economic growth, leading to increasing inequality. He highlights how this trend has persisted and intensified since the late 20th century. The book advocates for policies like progressive taxation to address this imbalance, emphasizing that unchecked inequality can undermine social cohesion and democracy. By analyzing data across centuries, Piketty provides a compelling look at how wealth concentration affects society and the economy today.