Capitalism, Alone is a thought-provoking exploration of global capitalism, authored by economist Branko Milanovic. Set in the modern world, the book delves into the dominance of capitalism as the prevailing economic system and examines the two key models shaping the global landscape: “liberal meritocratic capitalism,” largely represented by Western countries, and “political capitalism,” notably seen in China. Milanovic argues that capitalism has emerged as the only viable economic system, but his analysis reveals deep flaws and disparities within it. The book addresses global inequality, the tension between capitalism and democracy, and the rise of a new elite who shape societal…
Capitalism, Alone by Branko Milanovic
