Overview

We are all capitalists now. For the first time in human history, the globe is dominated by one economic system. In Capitalism, Alone, leading economist Branko Milanovic explains the reasons for this decisive historical shift since the days of feudalism and, later, communism. Surveying the varieties of capitalism, he asks: What are the prospects for a fairer world now that capitalism is the only game in town? His conclusions are sobering, but not fatalistic. Capitalism gets much wrong, but also much right--and it is not going anywhere. Our task is to improve it. Milanovic argues that capitalism has triumphed because it works. It delivers prosperity and gratifies human desires for autonomy. But it comes with a moral price, pushing us to treat material success as the ultimate goal. And it offers no guarantee of stability. In the West, liberal capitalism creaks under the strains of inequality and capitalist excess. That model now fights for hearts and minds with political capitalism, exemplified by China, which many claim is more efficient, but which is more vulnerable to corruption and, when growth is slow, social unrest. As for the economic problems of the Global South, Milanovic offers a creative, if controversial, plan for large-scale migration.

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Bob Souer is a full-time professional storyteller, voice actor, and AudioFile Earphones Award-winning narrator. He has narrated broadcast and nonbroadcast projects for corporations and ministries across North America. His voice has been heard on PBS, the History Channel, the Military Channel, and many other networks. He has also narrated radio and television programs for the Billy Graham Evangelistic Association, D. James Kennedy Ministries, SIM, and Compassion International. Branko Milanovic is visiting presidential professor and core faculty at the Stone Center on Socio-Economic Inequality at the Graduate Center, City University of New York. He was formerly lead economist in the World Bank's research department. His books include Global Inequality and The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality.

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