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/286/ What Was Communism? ft. Branko Milanovic

Bungacast

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Is There Still More Gas in the Engine of Modernization?

Do you think that we've in some way reached the end of modernization? Which is rather a big question. I would take modernization really to be essentially devnly defined in economic terms. And if you define it like that, there is still a long way to go. When you put that experience in numbers, when you look at the world, the world is a pretty poor place. The person with the middle class income of western countries, it is at 90 first global %. That means everybody should have, is richer than 91% of the people in the world.

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