ReCap Webinar: Branko Milanovic on Capitalism, Alone. The Future of the System that Rules the World скачать в хорошем качестве

ReCap Webinar: Branko Milanovic on Capitalism, Alone. The Future of the System that Rules the World

Rethinking Capitalism (ReCap) Webinar Series Capitalism is in a human, political, social, and environmental crisis. The Rethinking Capitalism (ReCap) Webinar Series is an opportunity to reflect on the failures of our cultural and production model. The objective of these talks is to foster awareness, cooperation, and activism among academics and guide policymakers in implementing corrective policies. The ReCap Webinar Series is jointly organized by RCEA-Europe ETS and CefES-DEMS, under the auspices of the JRC (European Commission). Participation in the webinar series is free through zoom. Information on the webinar series can be found at: https://www.rcea.world/events/forthco... Today's webinar is entitled "Capitalism, Alone. The Future of the System that Rules the World" by Prof Brank Milanovic (City University of New York; The Stone Center for Socio-Economic Inequality). Branko today will tell us about the two currently competing types of Capitalisms. The liberal meritocratic capitalism developed in the West over the last two hundred years and the authoritarian political capitalism, which China and Russia best exemplify. These two types differ not only in the political but also in their economic and social characteristics. The vital link between capitalism and liberal democracy is currently questioned by China's economic success and by the populist and plutocratic challenges to liberal democracy and globalization. Indeed, political capitalism is attractive also to western elites because it grants greater autonomy to them. Moreover, liberal capitalism has been weakened by a four-decade-long deepening of income and wealth inequality between successful elites and the stagnating rest. The working class in the US and other western countries is currently vulnerable to authoritarianism, racism, and xenophobia more than ever. What is ahead of this competition and the crisis of liberal capitalism?