French economist, Thomas Piketty, visited UMass Amherst to give the annual Phillip L. Gamble lecture. Piketty’s book Capital in the Twenty First Century blew up over the summer, selling morethan 41,000 copies in the first month of its English translation.
Piketty book looked to shift the conversation from income inequality, to wealth inequality. He argues that the rate of wealth accumulation exceeds the rate of growth, which means that overtime, wealth gets concentrated at the top of society, with the so-called “1%” and out of the hands of the people.
WMUA’s Despina Durand has the story.
End music is Foxygen‘s “Coulda Been My Love”