Free exchange - A scholar of inequality ponders the future of capitalism | Finance and economics | The Economist
▻https://www.economist.com/finance-and-economics/2019/10/31/a-scholar-of-inequality-ponders-the-future-of-capitalism
Fin d’époque. SI même The Economist se met à douter du capitalisme et du libre-échange à outrance, où va-t-on ?
WHEN COMMUNISM fell, that was supposed to be that. History would continue, but arguments about how to organise society seemed to have been settled. Yet even as capitalism has strengthened its hold on the global economy, history’s verdict has come to seem less final. In a new book, “Capitalism, Alone”, Branko Milanovic of the Stone Centre on Socioeconomic Inequality at the City University of New York argues that this unification of humankind under a single social system lends support to the view of history as a march towards progress. But the belief that liberal capitalism will prove to be the destination has been weakened by financial and political dysfunction in the rich world, and by the rise of China. Its triumph cannot be taken for granted.