Tag: capitalism

Director – Justin Pemberton – 2019 – France, New Zealand – Cert. 12 – 103m

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An adaptation of Thomas Piketty’s controversial economic treatise Capital In The 21st Century – in cinemas from Friday, September 25th

The content of French economist Thomas Piketty’s eponymous book couldn’t be more relevant. Far from being dry economics, Piketty’s thesis begins that there has always been a minority of wealthy people whose wealth derives from nothing more than being born into wealth. They have done nothing to merit wealth. They do not own it because of any sort of achievement.

The industrial revolution, he argues, gave those with capital (financial assets) the means to substantially increase the amount of capital they own.

Throughout history, the rich have not looked after the whole of society but rather have merely defended their own interests, i.e. maintaining and if possible increasing their position of wealth. They have shown a disdain for the other 99% of people. In the eighteenth and nineteenth centuries, society was broken into those two groups, wealthy and poor.

The rise of the middle class after World War One changed everything, with middle class people wanting their say in how things were run. Changes since the 1970s however threaten the power of the middle class and we may be seeing a return to a majority of very poor people beholden to a wealthy minority – unless we take the action necessary to prevent it.… Read the rest