The Self-Sufficiency of the United States

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I think it's hard to leapfrog other people in the United States. My kids are going to do fine. I have lots of connections for them. They will probably be in the top 20%, unless they choose not to be, which they may choice not to be. And I respect them deeply if they chose not to be interested in making lots of money. But my point is that it's going to be hard for somebody who's not in the top20% to go ahead of my kids.

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.