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  1. Jun 2022
    1. Capital and Ideology examines the creation of what Piketty terms “ownership societies” that valued and maintained high concentrations of private wealth, along with their brief reversal in the mid-20th century (aided by new instruments of social democracy, including the nationalization of key infrastructures and services, public education, health and pension reforms, and progressive taxation).

      Self preservation mechanisms of the elite capital class (ie. investment vehicles) keeps power in power.