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Capital and Ideology
- Narrated by: Rick Adamson
- Length: 48 hrs and 57 mins
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Publisher's Summary
The epic successor to one of the most important books of the century: at once a retelling of global history, a scathing critique of contemporary politics, and a bold proposal for a new and fairer economic system
Thomas Piketty’s best-selling Capital in the Twenty-First Century galvanized global debate about inequality. In this audacious follow-up, Piketty challenges us to revolutionize how we think about politics, ideology, and history. He exposes the ideas that have sustained inequality for the past millennium, reveals why the shallow politics of right and left are failing us today, and outlines the structure of a fairer economic system.
Our economy, Piketty observes, is not a natural fact. Markets, profits, and capital are all historical constructs that depend on choices. Piketty explores the material and ideological interactions of conflicting social groups that have given us slavery, serfdom, colonialism, communism, and hypercapitalism, shaping the lives of billions. He concludes that the great driver of human progress over the centuries has been the struggle for equality and education, and not, as often argued, the assertion of property rights or the pursuit of stability. The new era of extreme inequality that has derailed that progress since the 1980s, he shows, is partly a reaction against communism, but it is also the fruit of ignorance, intellectual specialization, and our drift toward the dead-end politics of identity.
Once we understand this, we can begin to envision a more balanced approach to economics and politics. Piketty argues for a new “participatory” socialism, a system founded on an ideology of equality, social property, education, and the sharing of knowledge and power. Capital and Ideology is destined to be one of the indispensable books of our time, a work that will not only help us understand the world, but that will change it.
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- Robert Starreveld
- 13-08-2021
Incredibly informative
One of the most eye opening books I've listened to in years! Highly recommend to anyone who wishes to understand why particular powers and structures exist in the world. The books dives into topics that are generalised with examples from multiple societies (not always Euro centric) I've learn more about Indias class structure and it's history here than anywhere else!
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- Anonymous User
- 29-05-2021
Outstanding
Outstanding follow up to Capital in the 21st Century. Covers inequality across centuries and founded on evidence. Piketty advances the conversation.
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- Anonymous User
- 30-05-2020
Worth the read!
Let’s be honest, the first thing you thought when you saw this audiobook was ‘holy sh#t, 50 hours?!....’ but trust me, you absolutely MUST take on the task to persevere through this book. Also, I was able to listen to the book fairly comfortably at 1.4x speed reducing the listening time to 40 hours.
In the final sentence of the book, Piketty states ‘ultimately, this book has only one goal, to enable citizens to reclaim possession of economical and historical knowledge. Whether or not an individual agrees with my position is irrelevant, because the purpose is to begin a debate, not end it.’
This book is an immediate prerequisite for anyone who is concerned about wealth inequality but should also be required reading for those interested in democracy as a whole and how political and social factors interplay to result in what we’ve seen manifest in the past across various societies and what we have now.
The book starts by observing historical shifts of social hierarchy from classical ternary societies (nobility, clergy & third estate) to proprietarianism (a society where acknowledgment and defence of property rights are paramount) to various forms of socialism and communism and then eventually to today’s society, neo-proprietarianism.
There are thorough accounts of the progression of these various ideologies thorough last 300+ years of not only Western Europe, but also the Americas, Asia, Africa and Eastern Europe. The bulk of information does pertain to Europe and the USA though, particularly Piketty’s native homeland, France.
At times I felt I was reading a pure history text which I personally loved. I learnt a lot of facts I had no idea about that helped influence my views.
As you can imagine, there are occasional sections of a 50h audiobook where you find yourself not particularly engaged with the book but this is largely due to the limits of the human attention span and not because the content is superfluous. I found myself deeply engaged the majority of the time.
The culmination of the book ends in Piketty positing his ideal starting point for his version of democratic socialism called ‘participatory socialism’ which includes a wide range of policies combining a mixture of deeply progressive wealth taxes, to universal capital endowments and a complete revision of all international trade agreements that allow a disproportionate amount of capital to leave poorer nations.
Although Piketty states clearly his personal position as the book proceeds and recapitulates this in the final chapter, the historical analysis and representation of data is 100% objective and great care is taken to explain many data points can not be taken at face value as access to truly accurate numbers are often impossible which reduces data to best available estimates. However, they’re still more than sufficient for being able to notice trends.
This is easily one of the best books I’ve ever read and has already deeply influenced my personal political views.
Like Piketty says, even if you don’t agree with the conclusion of democratic socialism, simply listening to and understanding all the facts that have played apart in bringing modern society to where it is now can only help to further debate about how best to structure our societies.
Please read 🙏🏼
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- Amazon Customer
- 29-06-2020
A little bit too academic for normal people
A good history of how the capital market changes based on different policies, such as India and Europe. However, does not provide too many thought-provoking ideas about how to change our society, rather than more tax on the rich and their property. Personally, I think the anti-trust law, a more community based economy, or even sharing economy which are discussed by other books are more practically to solve our current problems.
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- Anonymous User
- 16-09-2020
Long read, but worth it!!
Piketty gives the reader a comprehensive review of the economic inequalities around the world and their various historical origins.
I like that he also makes suggestion on how to tackle this problem
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