Concentrated wealth

Concentrated wealth

Beijing is censoring a French economist Xi Jinping once praised
When French economist Thomas Piketty published his acclaimed Capital in the 21st Century in 2013, it was an immediate hit upon release in China, selling hundreds of thousands of copies. The nearly 700-page book, an analysis and critique of modern capitalism and inequality, even won praise from President Xi Jinping. In a 2015 speech he used its findings on surging inequality in the United States and Europe to claim that Marxist political economy was as relevant as ever. But Piketty’s new book Capital and Ideology, which expands on the theme of inequality, looks increasingly unlikely to have the same success after falling foul of China’s censors. Published outside China last year, it has yet