The Advantages of Going to Top Schools

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The middle income family in the United States now really has hard time sending the kids to the schools, which are like top schools. The ratio is 60 to one between the top 1% and the middle class. And I think that's what kids that are actually raised in rich families do.

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.