Equality

Is Thomas Piketty a Fraud?

Featured image French economist Thomas Piketty is the darling of the international Left. His book, Capital in the Twenty-First Century, argues that in a free economy, wealth is inexorably concentrated in fewer and fewer hands. He credits (!) the two world wars and the Great Depression with temporarily interrupting this process and giving rise to more equality, but now, he says, concentration of wealth has resumed in both Europe and America. Piketty »

Jill Abramson and the road to misery

Featured image In Coconuts, the Marx Brothers’ first movie, the bellhops at Groucho’s Florida hotel demand their wages. Groucho asks them whether they want to be “wage slaves.” When they answer in the negative, Groucho replies: “No, of course not. But what makes wage slaves? Wages!” Wages make slaves out of many of us, and it’s reasonable for low earners to obsess over them. But high earners are a different story. For »

Kurt Vonnegut and Obama

Featured image Fred Barnes reminds us in the Wall Street Journal this morning that opposition party responses to State of the Union speeches typically fall flat, and gently chides Republicans for having little imagination to try anything different. One idea might be suggested by Bret Stephens’ column today, which extrapolates from Kurt Vonnegut’s famous short story “Harrison Bergeron.”  If you don’t know the story, Stephens helpfully provides Vonnegut’s self-explanatory opening: The year »