Question: In his Elements for a Participatory Socialism why does Thomas Picketty think modern political societies ought to transcend capitalism? And what institutional reforms will this

In his "Elements for a Participatory Socialism" why does Thomas Picketty think modern political societies ought to transcend capitalism? And what institutional reforms will this require in his view? And why will these be required? Discuss at least TWO of Picketty's institutional proposals.

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