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Fri Feb 14, 2020, 01:38 PM

Sanders Good for American Economy

Thomas Piketty weighs in on Bernie's plans.

French economist Thomas Piketty said history has many examples of extreme inequality fostering healthy social democracies. His comments come days after a former Goldman Sachs chief executive, Lloyd Blankfein, said on Twitter that Sanders would “ruin our economy.”

In an interview with Bloomberg, Piketty cited Sweden as an example. At the start of the 20th century, Sweden — now held up as an egalitarian country — was entirely controlled by wealthy elites and voting rights were determined by property. Within a very short space of time, and with little economic disruption, it became the social democratic nation that we now know.


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