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Capitalism, Alone The Future of the System That Rules the World

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PublisherHarvard University Press
ISBN 139780674260306
ISBN 10674260309
Book DescriptionAn Economist Book of the YearA Financial Times Book of the YearA Foreign Affairs Best Book of the YearA Prospect Best Book of the YearA ProMarket Book of the YearAn Omidyar Network 8 Storytellers Informing How Weve been Reimagining Capitalism SelectionBrilliantPoses all the important questions about our future.Gordon BrownA scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured.The EconomistWe are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest.One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much rightand it isnt going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold.Erudite, illuminatingEngaging to readAs a virtuoso economist, Milanovic is superb when he is compiling and assessing data.Robert Kuttner, New York Review of BooksLeaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching.Edward Luce, Financial Times
About the AuthorBranko Milanovic is Senior Scholar at the Stone Center on Socio-Economic Inequality at the City University of New York and Visiting Professor at the International Inequalities Institute at the London School of Economics and Political Science. Formerly Lead Economist in the World Banks research department, he is the author of Capitalism, Alone; and The Haves and the Have-Nots.
LanguageEnglish
AuthorBranko Milanovic
LanguageEnglish
Publication Date9/7/2021
Number of Pages304.0

Capitalism, Alone The Future of the System That Rules the World

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