> and given that profound inequality is detrimental to the economy at large
which has nothing to do with "liberty" - it's about "efficiency" or may be "equality" (of outcomes), but not "liberty" in any way.
(Also, there's a lot of valid criticism of Picketty that his supporters usually choose to completely ignore, but that's not the point of the argument anyway).
I don't understand your point about liberty. I did not talk about liberty. Could you please clarify ?
As for Picketty, the only serious criticism I'm aware of had to do with his explanation about why wealth begets wealth, not on the fact that there is a preferential accretion mechanism for wealth inherent to capitalism.
If you have any source or example where capital holders do not increase their share faster than non capital holders (say, e.g. workers) then I'd be happy to know about it.
> and given that profound inequality is detrimental to the economy at large
which has nothing to do with "liberty" - it's about "efficiency" or may be "equality" (of outcomes), but not "liberty" in any way.
(Also, there's a lot of valid criticism of Picketty that his supporters usually choose to completely ignore, but that's not the point of the argument anyway).