And the policies we need to fight inequality
The Roosevelt Rundown features our top stories of the week.
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Economist and bestselling author Thomas Piketty (Photo by Justin Sullivan/Getty Images)
** Capital in the 2020s
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Almost a decade ago, economist Thomas Piketty’s Capital in the Twenty-First Century changed the way many people understood capitalism and inequality ([link removed]) .
In the years since, his research and ideas have helped jolt our politics out of autopilot and elevate solutions like a wealth tax ([link removed]) into the mainstream.
This week’s episode of How to Save a Country—recorded in Paris following a panel discussion Piketty and host Felicia Wong participated in with historian Gary Gerstle—is about what comes next.
“I think it's important that progressives . . . start thinking again not only about next week, but also about next decade and next century,” Piketty tells Wong.
He talks about the possibility of a universal basic inheritance, the battle for progressive taxation, and what he sees as the key to prosperity: “much more investment in education, human capital, public infrastructure.”
Listen now, and follow for new podcast episodes every Thursday ([link removed]) .
** A Government That Builds
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“Intellectually, productivism is a major new economic worldview. It puts government at the center of the story of how we make economies serve the public good,” Felicia Wong and K. Sabeel Rahman write in a new Democracy Journal symposium ([link removed]) .
“[M]any among this generation of policymakers are rediscovering the virtues of muscular government. But now that possibility needs to be made into reality, and the policy battles of the months ahead will be about what kind of industrial policy we pursue.”
Read more of the series:
* “The Productivist Era Has Begun” ([link removed]) by Wong and Rahman
* “The Promise of Marketcrafting” ([link removed]) by Roosevelt Senior Advisor Chris Hughes and Peter Spiegler
* “Centering People and the Environment” ([link removed]) by Grieve Chelwa, Demond Drummer, and Roosevelt Senior Fellow Darrick Hamilton
** Juneteenth and the Promise of Freedom
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On Juneteenth, we commemorate the abolition of chattel slavery and celebrate the liberation of Black Americans.
And we remind ourselves that liberation remains incomplete.
Racial justice requires more than symbolism. It requires real commitments to protecting Black lives, to dismantling the root causes of the racial wealth gap ([link removed]) , and to forging a politics and policymaking of repair ([link removed]) .
As Roosevelt Senior Fellow William Darity Jr. and A. Kirsten Mullen have written, “Black reparations are not a matter of personal or individual institutional guilt . . . [but] a matter of national responsibility.”
True equality means reckoning with that responsibility and resurrecting the promise of 40 acres ([link removed]) .
** What We’re Reading
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How Biden’s Big Investments Spurred a Factory Boom ([link removed]) - The Hill
Biden’s Unused Clean Energy Authority ([link removed]) - The American Prospect
Big Pharma’s Legal Fight to Stop Cheaper Medicare Drugs, Explained ([link removed]) - Vox
How the Fed's Interest Rate Hike Campaign Reshaped the Economy ([link removed]) - Axios
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