A recent hot book. After reading some introductions, I am still quite interested in the categories and styles. Buy it.
As a layman, I feel that this book is generally written. It takes more than half of the length to demonstrate that the return rate of capital since 200 is higher than the growth rate of the economy. It is too long for non-economic readers. The subsequent derivation and conclusions are not as shocking as expected.
The subsequent export will lead to the collapse of the capital world: the wealth in the world will be concentrated in the hands of a few rich people, will inevitably lead to other people dissatisfaction and thus lead to social turmoil.
A small part of the following shows a solution that you have no confidence in: the progressive capital tax, the more capital the rich have, the higher the tax rate. The author also knows that implementation is very difficult because capital flows freely in most countries. If taxation is high, the rich will transfer the capital to countries with low tax rates. As a result, the authors have a preference for China's limited capital inflows and outflows, and believe that China may realize progressive capital tax.
As a professional book, this book may be more rigorous in demonstrating that the return rate of capital since 200 is higher than the economic growth rate.
21 st century Capital Theory: I personally feel that it is too long for non-economic professional readers, and the derivation process and conclusion are not enough to shake Samsung's recommendation.