Book cover of Capitalism, Alone by Branko Milanovic

Capitalism, Alone

Branko Milanovic

Capitalism has won everywhere, but in two rival forms. An economist asks which will prevail.

Branko Milanovic argues that capitalism now dominates the whole world, but in two forms: the liberal meritocratic capitalism of the West and the political capitalism of China. He compares their strengths and weaknesses and considers what the contest between them means for inequality and democracy.

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