Branko Milanovic on Capitalism, Alone

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4.7 • 4.3K Ratings

🗓️ 11 May 2020

⏱️ 98 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.0	Our website is econtalk.org, where you can subscribe, comment on this podcast,
0:17.0	and find links and other information related to today's conversation.
0:21.0	We'll also find our archives where you can listen to every episode we've ever done going back to 2006.
0:27.0	Our email address is mailadycontalk.org. We'd love to hear from you.
0:33.0	Before we get to today's guest, I want to give a listener's heads up.
0:37.0	Today's guest is Branko Melanovic.
0:39.0	And we are talking about his book, Capitalism Alone,
0:43.0	which contrasts American capitalism with Chinese capitalism.
0:47.0	This was recorded on February 14, 2020,
0:51.0	relatively far in advance, roughly three months before its release on May 11.
0:56.0	If we were recording this today, I would certainly have asked for Branko's thoughts
1:01.0	on how China has handled COVID-19.
1:06.0	But it just wasn't in front of mind in mid-February when there had been only 15 cases of COVID-19 in the United States.
1:14.0	So unfortunately, while Branko has many interesting insights into the Chinese economic and political system in our conversation,
1:22.0	nothing here relates to COVID-19.
1:24.0	For some of you, that's a feature, not a bug.
1:27.0	Either way, I wanted you to know that I wasn't ignoring a large elephant in the room.
1:32.0	On February 14, 2020, I knew about the elephant, but it certainly hadn't come into the room.
1:39.0	Not surprisingly, since recording the C-Contalk interview, Branko has written about the response of China to the virus.
1:46.0	You can find those articles in the Delvedeeper section of the homepage for this episode at econtalk.org.
	...

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