Thomas Piketty's Capital in the 21st Century argues that the higher rate of re-turn on capital than the economy's growth rate is the key factor of inequality.Education plays a key role in reducing income inequality,but it is not a sufficient condition.Education to pro-mote income equality requires external conditions such as open markets,adequate funding,and efficient government.Improving the quality of education,attaching importance to voca-tional training,having a good education policy,expanding educational democracy,and reali-zing educational equality are the inherent requirements for education to promote income equali-ty.Critics argue that Piketty's analysis of inequality is too simplistic,ignores the commodifi-cation of education,and suffers from methodological flaws such as substituting a few for all.The implication of Piketty's view is that education is not only the bearer of economic inequali-ty,but also the changer of inequality;Education is not the only reason of skills mismatch;It is necessary to attach importance to the construction of internal and external systems for edu-cation to change social inequality;Correctly respond to the two sides of technological develop-ment;Build socialist education modernization with Chinese characteristics.
Capital in the 21st Centuryknowledge and skills diffusionequality in edu-cationmodernization of education
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