The last chapter of your book is about the bright and dark side of capitalism. And we'll stick with the United States because for us for me it's the system I know best. It's that money making or commercial societies as Adam Smith's called them are societies that ultimately are egalitarian societies, not in the sense that they would have the same income. But their societies were class distinction which in the past existed between different orders between different classBetween the whole and service or caste system in India. They would no longer exist.
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.