OK, capitalism : critical comment on the book “Capitalism, Alone” by Branko Milanović

Gonza, Tej (author)

A world-renowned economist, prof. Branko Milanović, recently published a new book on pervasive inequalities. Capitalism, Alone (2019) is another great piece in Milanović’ intellectual opus – it provides some convincing and very relevant arguments on why deep wealth inequality continuous to linger in its place and how it is perpetuated by certain elements of liberal capitalism. On the other hand, when suggesting measures to counter these inequalities the book remains cautious and politically moderate, without seriously considering what should be its central proposal – pre-distribution of capital ownership. Nevertheless, like all good wines, this book should age well. The analysis will help my generation, the future political leaders, to better understand inherent problems of contemporary capitalism and to design policies that would structurally counter the inequality trends

• Language: English
• Keywords: economic inequality, liberal capitalism, modern capitalism, wealth redistribution, capital ownership
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: FDV - Faculty of Social Sciences
• Publication date: 01.02.2021
• Year: 2021
• Number of pages: Str. 61-70
• Numbering: Vol. 5, iss. 1
• PID: 20.500.12556/RUL-142491
• UDC: 330.1
• ISSN on article: 2536-1953
• COBISS.SI-ID: 128962563
• Publication date in RUL: 11.11.2022

Record is a part of a journal

• Title: Review of economics and economic methodology
• Publisher: Društvo gibanja za ekonomsko pluralnost
• ISSN: 2536-1953
• COBISS.SI-ID: 287680768

Licences

• License: CC BY-NC 3.0, Creative Commons Attribution-NonCommercial 3.0 Unported
• Link: http://creativecommons.org/licenses/by-nc/3.0/
• Description: You are free to reproduce and redistribute the material in any medium or format. You are free to remix, transform, and build upon the material. You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Secondary language

• Language: Slovenian
• Keywords: ekonomska neenakost, liberalni kapitalizem, sodobni kapitalizem, redistribucija bogastva, lastništvo kapitala