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Looking Askance at Picketty’s Inequality from the Third World

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  • David Barkin

Abstract

Inequality in the rich countries is inextricably bound to the continuing impoverishment and polarization in the Third World. Picketty’s focus on conditions within the richer countries deflects attention from the mechanisms that exacerbate the process within the Global South. By not considering the structural and class-based nature of economic processes, his analysis cannot contribute to an understanding of the nature and dynamics of inequality in Mexico or its terrible impacts on society and the environment. The significant mobilizations by indigenous peoples and peasants are ineffective in halting the advance of international capital in its drive to control the economy in alliance with domestic elites.

Suggested Citation

  • David Barkin, 2015. "Looking Askance at Picketty’s Inequality from the Third World," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(4), pages 566-571, December.
    • Handle: RePEc:sae:reorpe:v:47:y:2015:i:4:p:566-571
    DOI: 10.1177/0486613415584584
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    References listed on IDEAS

    as
    1. Griffith-Jones, S, 1997. "Causes and Lessons of the Mexican Peso Crisis," Research Paper 132, World Institute for Development Economics Research.
    2. Samaniego, Norma, 2014. "La participación del trabajo en el ingreso nacional: el regreso a un tema olvidado," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 37279, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Stephany Griffith-Jones, 1997. "Causes and Lessons of the Mexican Peso Crisis," WIDER Working Paper Series wp-1997-132, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Maarten de Kadt, 2017. "Worldview Matters," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 489-494, September.

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    More about this item

    Keywords

    inequality; violence; structure; resistance; elites; Mexico;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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