BRANKO MILANOVIC-When capitalism rules the world, how can we shrink inequality and confront climate change?Written on January 19th, 2023
In the first two years of the pandemic, globally the top 1% captured nearly double the amount of new wealth as the other 99%. In Capitalism, Alone: The Future of the System That Rules the World, BRANKO MILANOVIC says we’re all capitalists now. Liberal capitalism delivers rampant inequality and excess as it fights for hearts and minds with political capitalism, as practiced by China. What are the prospects for a fairer world now that capitalism is the only game in town?