Capitalism, Alone

In Capitalism, Alone, economist Branko Milanovic explores the global dominance of capitalism, examining its triumphs in delivering prosperity and autonomy alongside its moral and social challenges. He discusses the contrasting forms of capitalism—the liberal model in the West and the political model exemplified by China—highlighting their strengths and vulnerabilities. While emphasizing that capitalism is here to stay, Milanovic considers potential pathways for creating a fairer and more stable future within this prevailing economic system.