Pay back the money, Rich People! – Thomas Piketty

The Money Show’s Bruce Whitfield interviewed Thomas Piketty, author of the bestselling “Capital in the Twenty-First Century”.

Piketty – probably the most famous economist in the world – was in South Africa to address the 13th Nelson Mandela Annual Lecture.

Piketty proposed an annual, low-rate wealth tax and a minimum wage to start correcting the “disturbing” rise in inequality in South Africa since the end of apartheid.

In this interview Piketty shares his views on the world and South Africa.

Listen to the audio for more detail:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Pay back the money, Rich People! – Thomas Piketty


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'Thomas Piketty has done his homework on economic transformation'

'Thomas Piketty has done his homework on economic transformation'

Xhanti Payi, business reporter and researcher at Nascence Research, unpacks the French economist's polarising and radical ideology.

Most Influential Book of 2014: Capital in the Twenty-First Century (Piketty)

Most Influential Book of 2014: Capital in the Twenty-First Century (Piketty)

Gill Marcus calls it “one of the most important books of this century”. 5 thought leaders debate Thomas Piketty’s tour de force...

"The best place to be poor is where the richest people are" - Leon Louw

"The best place to be poor is where the richest people are" - Leon Louw

Jesus said poverty will always be with us. He was right, because poverty is relative, says the Free Market Foundation’s Leon Louw.

SA’s two richest people have wealth equal to the poorest 26.5-million - Oxfam

SA’s two richest people have wealth equal to the poorest 26.5-million - Oxfam

South Africa is a country of breath-taking wealth and life stealing poverty, according to an Oxfam report on extreme inequality.

How to create a new, 12-million strong capitalist class with the stroke of a pen

How to create a new, 12-million strong capitalist class with the stroke of a pen

Leslie Sedibe says Government can create 12m land owners “with a stroke of a pen” by giving title deeds to shack dwellers.

Popular articles
Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

Tourists wake up at the crack of dawn to bag the best sunbed and one man even suffers a broken toe in the melee.

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Woolworths explains reasons for rice mix recall

Woolworths explains reasons for rice mix recall

The retailer announced it is recalling its rice mix product for fear of contamination with the Listeria bacteria.

Home Affairs set to undergo an upgrade in move to paperless system

Home Affairs set to undergo an upgrade in move to paperless system

A new live capture system will cover birth, marriage and death registrations.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.