Proprietarismus

Machine-translated from the German article

Proprietarism (French propriétarisme, from propriété, property, and propriétaire, owner) is a term coined by the French economist Thomas Piketty for a political-economic system that increases wealth inequality, and for an ideology fixated on property rights that justifies this inequality. According to Piketty, since the 1990s the world has developed toward a "hyper-inegalitarian" state, to which tax, inheritance and share-ownership law as well as the disappearance of systemic competition have contributed. A similar development had already characterised the period before the First World War, the Belle Époque (1880–1914), with its census suffrage.