Ep 24. Will Global Inequality Ever End? Feat. Branko Milanovic, Economist and Author (Ep. 24)

The podcast conversation of The Great Tech Game with Aniurdh Suri features Branco Milanovic, an expert on income inequality, discussing his work and global inequality trends.Milanovic's book, "Capitalism Alone," argues that capitalism is the only dominant economic system, with variations like liberal capitalism (US) and political capitalism (China). He also explores how socialist revolutions inadvertently paved the way for capitalism in some countries. His other book, "Visions of Inequality," looks at how influential economists have viewed inequality.Milanovic discusses how to measure inequality, noting that the Gini coefficient is a powerful tool. He explains that while inequality within most rich countries has increased, global inequality between people has decreased due to the rise of Asia. However, if Africa does not develop, this trend could reverse.Geopolitics and technology also play a role. The relationship between the US and China and the rise of Asia are reshaping the global landscape. New technologies, like AI, could increase inequality. India's influence is growing due to its non-aligned position and economic growth.In terms of policy, Milanovic notes that it is difficult to reduce inequality with government policy, though cash grant programs in Latin America are a potential example.Key takeaways:● Capitalism is the dominant system globally, with different variations.● While inequality within many countries is rising, global inequality has decreased.● Geopolitics, technology, and Africa's development will play a role in future inequality trends.● There's a disproportion between discussion and action on reducing inequality.Chapters00:00 Introduction to the Great Tech Game Podcast03:22 Branko's Career Journey08:48 Diving into Capitalism Alone22:17 Different Models of Capitalism25:49 Global Inequality Trends46:31 Skepticism About Consumption Data47:01 Income vs. Consumption in India48:57 Gender Inequality Trends51:05 Global Inequality Decline53:36 Rise of the Middle Class57:02 Africa's Population Growth and Global Impact01:01:44 Geopolitical Risks and Global Inequality01:14:14 Technology and Inequality01:21:27 Policy Measures to Reduce Inequality01:24:53 Conclusion and RecommendationsBook Links:Anirudh Suri:The Great Tech Game by Anirudh Suri - https://amzn.eu/d/1Su38My Branko Milanovic:Capitalism, Alone : The Future of the System That Rules the World : https://amzn.in/d/0jziPT1Visions of Inequality: From the French Revolution to the End of the Cold War: https://amzn.in/d/akDn6L6Global Inequality – A New Approach for the Age of Globalization: https://amzn.in/d/80DzQcJTHE HAVES AND THE HAVE-NOTS: https://amzn.in/d/cc4Co0uFollow Anirudh here:X (formerly Twitter): https://x.com/anirudhsuriLinkedin:   / anirudhsuri  Instagram:   / anirudh_suri  Facebook:   / anirudhsuri.in  Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/) Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/)#TheGreatTechGame, #AnirudhSuri, #BrankoMilanovic, #IncomeInequality, #GlobalInequality, #CapitalismAlone, #VisionsOfInequality, #LiberalCapitalism, #PoliticalCapitalism, #USChinaRelations, #Geopolitics, #EconomicTrends, #InequalityMeasurement, #GiniCoefficient, #AsiaRising, #AfricanDevelopment, #GlobalEconomy, #SocialistRevolutions, #TechnologyAndInequality, #AIImpact, #IndiaEconomicGrowth, #NonAlignedPosition, #EconomicSystems, #PolicyChallenges, #CashGrants, #LatinAmerica, #GlobalTrends, #WealthDisparity, #EconomicInequality, #FutureOfCapitalism