What makes Thomas Piketty’s “Capital in the Twenty-First Century” such a triumph is that it seems to have been written specifically to demolish the great economic shibboleths of our time. The stock market is not an instrument of economic democracy, it seems; nor does every natural-born American get a chance to run (which is to say, to loot) a Fortune 500 company. The gap between the billionaires and the rest of us is not really a matter of talent or education, we learn; nor
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