id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_5rstwxssmnfhtlryewml6yr5bm	Anush Kapadia	Encyclopedia Plutonica	2015		.pdf	text/html	3863	276	57	The central thesis of this book is precisely that an apparently small gap between the return on capital and the rate of growth can in the long run have powerful and destabilizing effects on the structure and dynamics of social inequality. Piketty takes this Smithian view of capital as a past accumulation of assets, where an asset is basically an ownership right in law to the fruits of something that can be used either as a store of value or a factor of production. But further, we cannot really account for the blistering rise of inequality that Piketty has so strenuously documented if we don't have an epistemology that brings the institutional structures of contemporary capitalism into view. Piketty glosses over the vital fact that direct household ownership of financial assets—the main assets in contemporary capitalism, we are assured—has, as of the 1980s, declined to a mere third in the United States and Canada, and even less in other advanced nations.2	./cache/work_5rstwxssmnfhtlryewml6yr5bm.pdf	./txt/work_5rstwxssmnfhtlryewml6yr5bm.txt