![]() That model now fights for hearts and minds with political capitalism, exemplified by China, which many claim is more efficient, but which is more vulnerable to corruption and, when growth is slow, social unrest. In the West, liberal capitalism creaks under the strains of inequality and capitalist excess. But it comes with a moral price, pushing us to treat material success as the ultimate goal. It delivers prosperity and gratifies human desires for autonomy. Milanovic argues that capitalism has triumphed because it works. ![]() Capitalism gets much wrong, but also much right-and it is not going anywhere. Surveying the varieties of capitalism, he asks: What are the prospects for a fairer world now that capitalism is the only game in town? His conclusions are sobering, but not fatalistic. In Capitalism, Alone, leading economist Branko Milanovic explains the reasons for this decisive historical shift since the days of feudalism and, later, communism. For the first time in human history, the globe is dominated by one economic system. A provocative account of capitalism's rise to global dominance and, as different models of capitalism vie for world leadership, a look into what the future may hold.
0 Comments
Leave a Reply. |