Piketty's Capital in the Twenty-First Century

Thomas Piketty's *Capital in the Twenty-First Century* analyzes wealth and income inequality over the past few centuries. He argues that when the return on capital (investments, property) exceeds economic growth, wealth tends to concentrate among the wealthy, increasing inequality. Piketty highlights historical patterns where inequality rises during certain periods and proposes progressive taxes and wealth redistribution as solutions. His work emphasizes that unchecked accumulation of wealth can threaten social stability and democratic processes, urging policies to ensure more equitable economic opportunities for all.