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Piketty Interviewed By Stephen Sackur On Hardtalk

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Yeah, saw that a couple of nights ago.

He got stuck in a loop explaining why inequality is undesirable. Maybe it was the wrong question. But he gives good interview and cut across the forensic aggression.

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Yeah, saw that a couple of nights ago.

He got stuck in a loop explaining why inequality is undesirable. Maybe it was the wrong question. But he gives good interview and cut across the forensic aggression.

It's good to see him interviewed. In some ways Hardtalk was perhaps the wrong format. I would like to see a longer interview conducted in a less combative style but it's better than nothing.

In so far as it's possible to put across a complex subject in brief sound bytes to a lay audience I thought he did pretty well. In particular his confirmation of capitalism but his concern that if the top take an increasing share of the wealth created in the economy then eventually they'll end up with 100% of the money was well expressed. Almost as good as the quote in my sig in fact.

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Not sure that was well expressed, his point on proportions over time. The hand gestures reminded me of Thatcher justifying trickle down/wealth effect policy: Once my right claw moves, my left claw must follow in a predictable way.

That's where he got stuck in a loop. I haven't watched it again, so I may be mistaken.

No criticism of the interviewer - interruption of a line of thought is irritating, but if it's a good line it will carry on to the end, which Picketty showed.

We're in an emergency, like breaking out of an egg.

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It's good to see him interviewed. In some ways Hardtalk was perhaps the wrong format. I would like to see a longer interview conducted in a less combative style but it's better than nothing.

In so far as it's possible to put across a complex subject in brief sound bytes to a lay audience I thought he did pretty well. In particular his confirmation of capitalism but his concern that if the top take an increasing share of the wealth created in the economy then eventually they'll end up with 100% of the money was well expressed. Almost as good as the quote in my sig in fact.

The problem with capitalism is that eventually bankers end up with everyone else's money. :P

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The problem with capitalism is that eventually bankers end up with everyone else's money. :P

But oddly the banks don't. It was inequality that bankrupted the banks not lose lending as such. With the banks liability's to a small elite and the majority not having access to that money the elite held in their accounts debt become unpayable.

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It's simple.

The evangelists for capitalism -- the bankers -- messed up big time. Instead of living by their own doctrine, they threw a hissy fit and demanded to be bailed out or they would collapse the economy.

The Government (i.e. their friends) gave in and everyone else was made to pay for their greed. Those that paid grumbled a bit, but paid anyway.

Everything continues as before.

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This episode will be available soon

So it can be specially edited out by the censor like the Question Time episodes when a member of the audience comes out with remarkable sense :P

Edited by aSecureTenant

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Yes well.....so the rich are getting richer. Who knew?

So the problem is that the rich can never quite get rich enough, they always want 25% more. Always.

What to do?

The answer is to make the poor poorer, it will of course make the rich feel better about themselves.

Sorted,

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It's simple.

The evangelists for capitalism -- the bankers -- messed up big time. Instead of living by their own doctrine, they threw a hissy fit and demanded to be bailed out or they would collapse the economy.

AND NOBODY GOT ANGRY ABOUT IT!!

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It's simple.

The evangelists for capitalism -- the bankers -- messed up big time. Instead of living by their own doctrine, they threw a hissy fit and demanded to be bailed out or they would collapse the economy.

Yes it turned out that the bankers were closet socialists- who knew? :lol:

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