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We show that “geopolitical economics” is a social science that seeks to elucidate the inseparable relationship between “wealth” and “military power,” that is, between economic power and political power and military affairs power, and we make clear that one cannot understand economy without [geopolitics We will show that we cannot understand the economy without geopolitics, and we cannot understand geopolitics without the economy.
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Chapter 14. - Piketty. and Schumpeter..
- Piketty showed that the income gap between the West and Japan has narrowed since the late 20th century. The cause of this was the world wars.
- War Transforms Capitalism.
- Schumpeter had similar ideas (he thought socialism was coming).
- Call it socialism or not, the following is happening
- Strengthening of economic control by the state (by not giving up concessions acquired during the war)
- Strengthening Welfare
- Phenomenon of Disparity
- Progressive income tax introduced to raise funds for the war effort → never relinquished it after the war
- p. 431 Income tax history in a compact format.
- Keynesianism and Economic Planning
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