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The Good Fight

Branko Milanovic

The Good Fight

Yascha Mounk

News

4.7963 Ratings

🗓️ 6 December 2017

⏱️ 57 minutes

🧾️ Download transcript

Summary

Yascha Mounk and Branko Milanovic discuss what his famous elephant curve says about the ills—and the gains—of globalization; how the left’s concern with inequality is being turned against its concern with internationalism; why economic causes of populism are often expressed in cultural ways; and how a determination to increase the financial and educational endowments of ordinary citizens can combat inequality and boost their living standards. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Sign up to the economist for in-depth curated expert analysis of world events and topics

0:06.2

ranging from business and culture to science and technology.

0:10.1

You'll get the weekly digital edition, online only articles,

0:13.6

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0:18.3

And full access to The Economist Podcast Plus.

0:21.6

The Economist is Independent Journalism for Independent Thinking.

0:25.8

Go to Economist.com and get your first month free. What you have described about movement towards populism or plutocracy, which I find

0:40.4

interesting about Trump is mixing populism and plutocracy, like one day he's

0:45.2

populists the next day he's a plutocrat.

0:47.2

So it's a very interesting combination.

0:50.5

And now the good fight with Yasha Monk.

0:54.0

In the last German elections, the far-right alternative for Germany made big advances,

0:59.0

gaining 13% of the world becoming the third strongest party in the country in some states even the strongest party like Saxony.

1:05.9

This was one sign that populism is on the rise even in countries which have long fought to be quite stable like Germany.

1:14.8

But it was still tempting to think that the country would ultimately carry on as it did before. It looked likely that there

1:19.2

will be a coalition between Christian Democrats, Senate-right liberals, and Greens.

1:25.0

This now seems to have fallen apart,

1:28.0

and suddenly Germany is in a big crisis,

1:30.0

there's no government, it's not clear how they can form a government because the structural problem you get when populist rise

1:36.0

Which is that either you don't have a government or parties that aren't really ideologically aligned

1:40.4

Have to somehow find a way of working together and neither of these solutions is very good.

1:48.0

Now, I think in the short run there's going to be some kind of solution to this.

...

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