Ep. 462 We Found a Major Flaw in the Egalitarian Argument
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 6 August 2015
⏱️ 39 minutes
🧾️ Download transcript
Summary
Gene Epstein discovered a crushing flaw in the argument of Thomas Piketty, whose book Capital in the 21st Century has been used as an indictment of capitalism and inequality. He shares it in this episode!
Transcript
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| 0:00.0 | The Tom Woods Show, episode 462. |
| 0:03.8 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.3 | Your daily dose of Liberty Education starts here, the Tom Woods Show. |
| 0:14.9 | Hey everybody, if you're thinking about taking the plunge and starting that blog, |
| 0:18.4 | remember you can get the best rates Bluehost has to offer for web hosting |
| 0:22.8 | through my link, because I'm a VIP affiliate of Bluehost, get the cheapest rates around |
| 0:28.4 | through Tom Woods.com slash Blue, and check out my video that will have you up and running |
| 0:34.1 | step by step in just five minutes at tom woods.com slash demo. |
| 0:40.4 | Hi everybody, welcome to the show. Today we are welcoming back Gene Epstein, who is |
| 0:46.2 | economics editor and book review editor over at Barron's. And we're going to talk once again |
| 0:51.9 | about this whole matter of Thomas Piccatee, the author of Capital in the 21st century, a very influential book. |
| 1:00.4 | As we'll see, when I talked to Gene, it's a very influential unread book by and large, but it's a book that has continued to push forward this narrative about inequality and capitalism. |
| 1:14.1 | And Gene has discovered something about this book that's very important that has not really been hit on in the past. |
| 1:20.8 | So we're going to hit on it today, and this should finally put the thing to rest you would think. |
| 1:26.7 | On the show notes page for today, Tom Woods.com slash 462, I will, of course, link to a couple of other episodes I've devoted to this topic so you can check those out for yourselves. |
| 1:38.0 | Gene, welcome to the show. |
| 1:39.5 | Glad to be back, Tom. |
| 1:41.3 | When we had our meeting in New York, our three-hour marathon conversation, |
| 1:46.7 | one of the topics that came up was Piccatee in his book. And on the show notes page for today, |
| 1:52.8 | let's see, this must be episode 462. Tom Woods.com slash 462. I'll link to a couple of episodes |
| 2:00.4 | that we've devoted to this topic, |
| 2:02.3 | but you have a different angle on it, and for the sake of completeness, I want your point of view |
... |
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