Progressive Myopia
Left-wing economists have hailed French economist Thomas Piketty\u2019s new book, Capital and Ideology, as \u201cthe economics book\u2026of the decade\u201d, stating that its analysis is \u201cbreathtaking.\u201d But while the scope of his\xa0 analysis of \u201cinequality regimes\u201d is extensive, he fails to adequately explain why there are so few examples of \u201cequality regimes\u201d or why the few existing examples are all unmitigated disasters. His analysis exposes a psychological blindness to the validity of other viewpoints that may be shared by many progressives. Piketty\u2019s influence has been prominent in the Democratic presidential campaign and their proposed 2020 platform. In this podcast, the Edifice of Trust host, Victor Bolles takes a look at how progressives view the world and what they are proposing to do about it.