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That's also a great point. The 70s have a lot of divergence vs the prior 20 years, but what if we run the clock back to, say, 1875?

(I don't know. But it has to be asked)



Piketty goes into some detail on that: https://www.vox.com/2014/4/8/5592198/the-short-guide-to-capi...

The answer is that 1875-1920 looks an awful lot like 1975-2020.




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