We have all become individuals, we have all become capitalist enterprises. And that actually, what I said is the ultimate triumph of capitalism. It's not only that it is geographically wider than ever in history. But there is no doubt that if you look at the household size in the US and also if you looks at actually changes across time in rich countries,. You have a decline in household size.
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.