Thomas Piketty, the CADTM and Public Debt
Piketty and public debt
Piketty devotes a dozen very interesting pages to the question of public debt over the last two centuries, focusing his analysis mainly on France and the United Kingdom. He rightly states that in discussing public debt, studying the past is worthwhile for understanding and dealing with the challenges of the current crisis:
“The complex question of government debt Government debt The total outstanding debt of the State, local authorities, publicly owned companies and organs of social security. and the nature of the wealth associated with it is no less important today than it was in 1800, and by studying the past we can learn a lot about an issue of great contemporary concern. Although today’s public debt is nowhere near the astronomical levels attained at the beginning of the nineteenth century, at least in Britain, it is at or near a historical record in France and many other countries and is probab
How did Lenin plan to apply Marxism to Russia?
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How did Lenin plan to apply Marxism to Russia
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