Karl
https://www.goodreads.com/karlschweitz
But sometimes I think what the church needs most is to recover some of its weird. There’s no sense in sending her through the makeover montage of the chick flick when she’ll always be the strange, awkward girl who only gets invited to prom
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“The sharp reduction in income inequality that we observe in almost all the rich countries between 1914 and 1945 was due above all to the world wars and the violent economic and political shocks they entailed (especially for people with large fortunes). It had little to do with the tranquil process of intersectoral mobility described by Kuznets.”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
“When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
“...the return of high capital/income ratios over the past few decades can be explained in large part by the return to a regime of relatively slow growth. In slowly growing economies, past wealth naturally takes on disproportionate importance, because it takes only a small flow of new savings to increase the stock of wealth steadily and substantially.”
― Capital in the Twenty First Century
― Capital in the Twenty First Century
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Karl’s 2025 Year in Books
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