One of the most controversial books of this century in economic matters is the capitalist analysis and critic published by the french economist Thomas Piketty in 2013: Capital in the Twenty-First Century. The book focuses principally in the consequences of an environment in which the rate of return of capital is greater than the rate of economic growth, whose main impact is the perpetuation of inequality.
One of the most curious remarks that Piketty does is the exuberant remuneration of the high directive positions (Or as he called them, Supermanagers ). The main critic proposed in the book is that its productivity and marginal contribution to the operation of their business is by far lower than their salary, being the former a principal cause of their accumulation of capital and the origin of a systematic preservation of the inequality income gap.
This article from Reuters is a great introduction to the subject analyzed in Piketty’s Opus Magna, which I truly recommend in order to complement the lessons obtained from Chapter 5.
What do you think? I am looking forward to read your pertinent comments.
