Capitalism, Alone, Branko Milanovic
Capitalism, Alone, Branko Milanovic
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Capitalism, Alone
The Future of the System That Rules the World

Author: Branko Milanovic

Narrator: Bob Souer

Unabridged: 8 hr 37 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 12/19/2019


Synopsis

We are all capitalists now. For the first time in human history, the globe is dominated by one economic system. In Capitalism, Alone, leading economist Branko Milanovic explains the reasons for this decisive historical shift since the days of feudalism and, later, communism. Surveying the varieties of capitalism, he asks: What are the prospects for a fairer world now that capitalism is the only game in town? His conclusions are sobering, but not fatalistic. Capitalism gets much wrong, but also much right—and it is not going anywhere. Our task is to improve it.

Milanovic argues that capitalism has triumphed because it works. It delivers prosperity and gratifies human desires for autonomy. But it comes with a moral price, pushing us to treat material success as the ultimate goal. And it offers no guarantee of stability. In the West, liberal capitalism creaks under the strains of inequality and capitalist excess. That model now fights for hearts and minds with political capitalism, exemplified by China, which many claim is more efficient, but which is more vulnerable to corruption and, when growth is slow, social unrest. As for the economic problems of the Global South, Milanovic offers a creative, if controversial, plan for large-scale migration.

About Branko Milanovic

Branko Milanovic is visiting presidential professor and core faculty at the Stone Center on Socio-Economic Inequality at the Graduate Center, City University of New York. He was formerly lead economist in the World Bank's research department. His books include Global Inequality and The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality.


Reviews

Goodreads review by Graeme on February 13, 2025

I’m a firm believer that if you want to understand government and politics, then study economics. This book really gave me a fresh perspective on both the political system and the money that’s its engine. Milanović comes from a background at the World Bank, so he knows a thing or two about the real......more

Goodreads review by Nils on December 07, 2019

Review of Branko Milanovic, CAPITALISM, ALONE When politicians, pundits, and academics speak of a rising competition, or even a New Cold War, between the U.S. and China, one thing that is rarely explicitly asked is what exactly is being competed for. Likewise, when we speak of an “American” or “Weste......more

Goodreads review by Wick on May 31, 2022

There is only one world order. Milanovic offers a fairly balanced analysis of the rise and then fragmenting of capitalism into several systems that currently control how the world operates. The author asserts that is now beyond doubt that previous economic models such as communism aren't only dead bu......more

Goodreads review by Antti on August 08, 2021

RTC......more

Goodreads review by Marks54 on January 10, 2020

I had heard about Milanovic for his work on global inequality, which I will now get back to and read. He is an economist who worked at the World Bank and has held academic positions at schools in Europe and the US. He is also clearly open to a variety of economic perspectives. While the book does pr......more