A Quote by Thomas Piketty

It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth. — © Thomas Piketty
It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.
Rising inequality is toxic to growth. High levels of inequality exclude people - both as innovators and customers - diminishing both innovation and demand.
'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it disfigures society. They would enact a wealth tax to extirpate the offending wealth.
The role of innovation inside the company is so important. That's how we get growth, and there's no way to drive innovation without learning and change.
You must understand that the workout does not actually produce muscular growth. The workout is merely a trigger that sets the body's growth mechanism into motion. It is the body itself, of course, that produces growth; but it does so only during a sufficient rest period.
If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.
What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.
We form cities in order to enhance interaction, to facilitate growth, wealth creation, ideas, innovation, but in so doing, we create, from a physicist's viewpoint, entropy.
There's so much innovation going on, and there are lots of people funding that innovation, but there's very little innovation on that infrastructure for innovation itself, so we like to do that ourselves to help companies create more tech companies.
Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.
By leveraging technology, innovation, and the power of community, Weight Watchers will be able to realize the full growth potential of the business.
The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.
The reason we're governing right now is because we defeated moderate Republicans with moderate Democrats. And people need to be patient about that and realize that compromise is not evil.
Technological innovation is indeed important to economic growth and the enhancement of human possibilities.
You need some inequality to grow... but extreme inequality is not only useless but can be harmful to growth because it reduces mobility and can lead to political capture of our democratic institutions.
We form cities in order to enhance interaction, to facilitate growth, wealth creation, ideas, innovation, but in so doing, we create from - from a physicist's viewpoint, entropy, meaning all of those bad things that we feel are engulfing us.
When inequality gets too extreme, then it becomes useless for growth, and it can even become bad because it tends to lead to high perpetuation of inequality over time and low mobility.
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