Branko Milanovic
@BrankoMilan
1) Income inequality; 2) Politics; 3) History; 4) Soccer. An economist who thinks.
People write all kinds of meaningless dissertations. Let's try this one (much more interesting) USSR under Stalin was a pioneer in aviation technology. USSR in the 1950-70s constructed reasonable civilian aircraft and even competed with Concorde Then devts stopped. After the…
An excellent statement by J W Mason: "A broader point, which I'm struggling to articulate, is that it's the very enormity of Israel's actions that calls forth such extreme defenses from its friends. Something that's objectionable can be defended; but the only defense of the…
A good analogy. What Marx called "the hired prize-fighters".
Neoclassical economics is closer to theology than to science. Neoclassicals are modern priests serving the wealthy. #Economics #Neoclassical #Religion #TheBestOfAllPossibleWorlds #Neoliberalism
it is not just that the capital share in the United States went up; more importantly, it is that this rising capital share accrued to the people whose salaries were already high. The stories of rising income inequality can no longer ignore this development.
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
In their own personae, they transcend the contradiction between capital and labor but achieve this only at the “cost” of distinguishing themselves from the rest of the population, that is by creating an elite sitting atop of society.
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
From an economists' mailing list: "I asked an economist once why the discipline insisted on its core assumptions despite overwhelming evidence that they did not resemble the real world in the slightest. He replied that it is, at heart, a normative theory, not a positive one --…
One of the mistakes of PMC theory was belief that managers will not support the ideology of private property & would prefer efficiency as such. But if the new elite is homoploutic, they accomplish the capital-labor fusion within themselves and become as much protectors of private…
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
No Gaza.
So nothing on Gaza at Bellingcat. Would seem to confirm the long-standing rumours. I never regarded it as a serious operation bellingcat.com
A challenging finding, both for older theories of class domination and newer theories of managerialism.
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
Lo que me parece más relevante, en realidad, es el crecimiento del volumen de hogares con suficiente capacidad de ahorro para plantearse una gestión de esos ahorros en términos de rendimientos capitalistas, un proceso que extiende en realidad las bases sociales del sistema -->
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
New capitalism.
Richest capitalists and richest workers are increasingly the same people Branko Milanović @BrankoMilan New Capitalism in America braveneweurope.com/branko-milanov… #Economics #Capitalism #Inequality #Wealth #Finance
Richest capitalists and richest workers are increasingly the same people Branko Milanović @BrankoMilan New Capitalism in America braveneweurope.com/branko-milanov… #Economics #Capitalism #Inequality #Wealth #Finance
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
These findings are not based on billionaires like Musk etc (who are not even part of the surveys); they are based on the affluent, fairly rich top of income distribution that numbers several million Americans.
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
French translation of "New Capitalism" substack. Thank you @martin_anota!
"La société divisée en classes d'autrefois laisse place à une société gouvernée par les élites, pour laquelle les théories de la domination des élites pourraient être plus pertinentes que la simple analyse marxiste des classes" Ma traduction 👉 annotationsbis.blogspot.com/2025/07/le-nou…
New Capitalism in America , by @BrankoMilan open.substack.com/pub/branko2f7/…
"The elite will be fully formed & impregnable when perhaps 80 or 90 % of the richest income decile becomes homoploutic. The class divided society of yore would disappear by giving way to an elite-ruled society for which economic & political theories of elite domination may be…
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
The book "The Meritocracy Trap" is about a new rich class.
My today's Substack: New Capitalism in America Richest capitalists and richest workers are increasingly the same people branko2f7.substack.com/p/new-capitali…
@BrankoMilan debunks the idea of managerial class as separate category in capitalist system. I was wondering how to locate this process in our part of the world. branko2f7.substack.com/p/new-capitali… New Capitalism in America - by Branko Milanovic