[doc1019]

How can an economist not see the down side of socialism?

[PGR88]

In his latest book, French economist Thomas Piketty warns that modern-day capitalism leads to unsustainable levels of inequality.

We have capitalism today? Really? Banking is controlled by the FED and its member banks, with TARP and QE the order of the day. Over 50% of medical expenditures are made by government. Government controls housing and real-estate loans. Government regulations control energy, agriculture, education and a host of other sectors of the economy. In Europe, most economies government expenditure is >50% of GDP.

And this clown wants to blame "Capitalism" for inequality????