No hypocrisy is too great when economic and financial elites are obliged to defend their interest.
Thomas PikettyIt's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries.
Thomas PikettyThe democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.
Thomas PikettyWe know too little about global wealth dynamics, so we need international transmission of bank information.
Thomas PikettyIt's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.
Thomas PikettyContrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States belongs to Japanese and German investors. The fear of getting into such a predicament is so strong today that fantasy often outstrips reality. The reality is that inequality with respect to capital is a far greater domestic issue than it is an international one.
Thomas Piketty