Cool Video: Picketty on Meritocratic Distribution of Education and Inequality

The Economist, like others, calls Picketty the modern Marx. This is not really fair to either one. Marx, arguably, was more interested in exploitation than inequality of income or wealth. Capital was not marketable wealth for Marx, as it is for Picketty, but a social relationship. The way out was not offer universal education, as the American Socialist Party did before the main parties or to provide it on a more meritocratic basis.

This Cool Video is a 9.5 minute interview  by the Economist with Picketty where he discusses his ideas on wealth and income inequality. Even if one disagrees with Picketty, he has helped frame the issue does so in an engaging way.