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"Inherited wealth is so much different than earned wealth.
Piketty's argument is that, in an economy where the rate of return on capital outstrips the rate of growth, inherited wealth will always grow faster than earned wealth.
For three centuries some of its members had earned wealth in international trade and the manufacture of silk and with their wealth had gained political power, while others had served the community as professors and pastors.
He maintained that the average return on capital exceeds the rate of economic growth, so without countervailing factors—such as World Wars I and II, the Great Depression of the 1930s, or specific government action inherited wealth will grow faster than earned wealth, leading to unsustainable levels of economic inequality that could threaten democracy.
"Unlike previous generations, where women largely inherited their wealth from their husband, now you have a growing generation of earned wealth that wants to be engaged in philanthropy," said Michele Ozumba, chief executive of the Women's Funding Network, a global network of woman-oriented philanthropies, based in San Francisco.
Still, these buildings, examples of world-class architecture, reflect what the Exhibition Hall shows, which is the determination of the Chinese authorities to use a portion of this country's newly earned wealth to transform their capital from the dilapidated, overgrown village it was a few years ago into a sort of international, planned model city.
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But the door is always open for talented outsiders to gain power and earn wealth and, more importantly, to lose it.
The portrait is a primer for reconstructing the nation, an imagined scene for a post-Emancipation nation: schooling and domesticity would be the source of political reconstitution in which former slaves "learned" a new political subjectivity and a new nation would earn "wealth" from a free labor force schooled in Northern ways.
Who will earn wealth?
The ones who've demonstrated their virtue by their ability to earn wealth.
Within Great Britain, Cornish families were attracted from Cornwall to North East England particularly on Teesside to partake in coal mining as a means to earn wealth by using their mining skill.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com