Another slow day. More reasoning from Piketty about how the wars and other social factors worked in different countries to bring about the Transformation from ownership to social democratic. And how economic model should be embedded in the society. Surprising how everything went back to hyper inequality after 1980s. Each country had unique trajectory. Hayek briefly mentioned and would come into focus later on the discussion of neoliberalism. Need to check out Polanyi's book The Great Transformation written in the mid 1940s.
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