Thomas Piketty Responds to the Financial Times | Charlie Rose

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Thomas Piketty responds to assertions by the Financial Times that the data in his book, Capital in the Twenty-First Century, doesn't match his claims. Airing June 12, 2014.

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Thomas Piketty Responds to the Financial Times | Charlie Rose

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This man is pretty slick and sure of himself. How many academics would keep their cool when discredited out of hand -- it's really nasty because he cannot get into details. Yet he rips it to pieces...

lotlievaart
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Financial Times sounds threatened. The data behind his case is overwhelming. Majority of his critics haven't even read his book.

dorkasaurus_rex
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The increasingly present self check-outs in stores is a good example for the regular person to see how capital is replacing labor.

Garcia-elf
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Stop interrupting him, Charlie Rose! Jesus, let the man speak...

capicuaaa
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His one problem is that he offers no solution. Was her cherry-picking data?

thomasraymer
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I am not an economics major so I ask this question humbly and hoping to get a reply.
Why is it that Labor is not justly paid as in proper raises to me the market? Isn't Labor also a commodity that an individual sells to anyone in need of it? The owner of the land, building, business, plant, who is taking the greater risk should make more than the person who is offering the Labor, but it seems to me that the owner desires to get rid of the Labor or reduce it or not pay increases so he can keep more profits leaving those that sell their Labor with very little.

NEMO-NEMO