Piketty And Real Inequality

Winston Churchill’s birthplace, Blenheim Palace: now, that’s inequality
From my new column in Taki’s Magazine:

Like many pundits opining upon French economist Thomas Piketty’s new book about how the rich always get richer and something has to be done about it, Capital in the Twenty-First Century, I haven’t actually read it.

But that’s not my fault: I blame capitalism! The capitalist system didn’t print up enough copies, and since nobody in the publishing industry seems to have ever heard of adjusting prices to balance supply and demand, the book has been on back order at Amazon and at my local Barnes & Noble.

… Something I haven’t seen mentioned in all the discussion of Piketty: Near whom would you rather live, the rich or the poor?

I’ve spent much of my life in narrow middle-class corridors between them. … So, I’ve known rich and I’ve known poor, and when it comes to neighbors, I have to say, the rich have been cheaper for me.

Read the whole thing there.