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Branko Milanovic on Capitalism, Alone

EconTalk

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Corruption and Capitalism in China

This chapter examines the duality of inequality in capitalist systems and its connection to political corruption, specifically within China. It discusses how individual choices can perpetuate advantages, the complexities of bureaucratic flexibility, and the intricate relationship between corruption and economic performance. Through various examples, it highlights the challenges of governance in authoritarian regimes and the potential trade-offs citizens may accept for economic stability.

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