Tim Donovan at Alternet writes Today's wealthy are far more likely to have inherited their fortunes. Here's why that's going to doom our politics: Prevailing neoliberal ideology, which perverts capitalism as an economic system into capitalism as an unyielding political ideology, lurks in the shadows of almost every major issue in America, though nowhere is its influence more obvious or profound than in the spiraling rise of income and wealth inequality today. When Thomas Piketty’s “Capital in the 21st Century” was first released in English, it followed the Culture War Playbook to perfection: First came the triumphant plaudits from like-minded thinkers, followed shortly by the hasty rebuttals of their ideological opponents, followed themselves by a torrent of commentary from pundits left and right who skimmed the book before adding their own two cents.

 

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