Branko Milanovic on Capitalism, Alone

Branko Milanovic, a prominent economist and author of 'Capitalism, Alone,' dives into the intricacies of capitalism in the U.S. and China. He explores the stark contrasts between liberal and political capitalism, revealing how these systems shape income inequality. Milanovic discusses the challenges of corruption in China and the nuances of individual choices that perpetuate wealth disparities. He also examines the commercialization of daily life, where familial roles are increasingly outsourced, emphasizing the broader societal implications of hyper-commercialization.