There is an interesting critique of Picketty here which I have just come acrosshttp://www.bloombergview.com/articles/2015-03-27/piketty-s-three-big-mistakes-in-inequality-analysisRognlie seems to think the problem of increasingly inequality lies with landlordism. Any comments?
Henry George rides again ! Though that's seems to be more the interpretation put on what Rognlie wrote by the author of the article, Noah Smith, who seems to be a Georgist (see for instance some of his other articles, eg this).All the same, it is interesting that so many of those in the Sunday Times Rich List are either the landed aristocracy owning land in London (eg the Duke of Westminster) or jumped up property speculators. But of course their gains come from capitalists not from directly exploiting workers, so we'd be talking about increasing inequality within the owning class. As if we should care about that.