Modern economic growth and the diffusion of knowledge have made it possible to avoid the Marxist apocalypse but have not modified the deep structures of capital and inequality-or in any case not as much as one might have imagined in the optimistic decades following World War II.
Thomas PikettyRelated topics
apocalypse capital case deep diffusion following growth knowledge might modern modified possible war world marxistRelated quotes
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
Frances O'Grady
