Brazil’s Billionaire Problem

Just over two years ago, in April 2014, Thomas Piketty’s Capital in the Twenty-First Century was published in English and took the top spot on the New York Times bestseller list. Piketty’s book struck a nerve, helping to disseminate several ideas—among them that capitalism doesn’t automatically generate a reasonable or equitable distribution of income and that paying attention to the wealthiest 1% is necessary to understanding politics. Piketty focused on the concentration of wealth in 19th and 20th century France, the U.K...
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