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

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Branko Zoellner was the lead economist at the World Bank's Research Department for 20 years. His latest book is Capitalism Alone, the Future of the System that Rules the World. He talks about two different kinds of capitalism: liberal and meritocratic; political capitalism. In both cases, he says, inequality can be beaten to create a self-sustained upper class in both systems.

Economist and author Branko Milanovic of the Graduate Center, CUNY, talks about his book, Capitalism, Alone, with EconTalk host Russ Roberts. They discuss inequality, the challenge of corruption in the Chinese system, and Milanovic's claim that in American capitalism, the texture of daily life is increasingly affected by the sharing economy and other opportunities.