When the industrial revolution happened there was the Luddistic movement, and there was a fear that machinery would replace all the labor. Whenever we had a technological revolution we had this fear. So if you look backwards, these fears were… — Branko Milanovic Copy Share Image
The middle class in the rich countries is where the political game is being played. They are voting in elections in the U.S., U.K., France and Germany. They are working people in the upper part of the global income distribution. They might on average be happy that the Chinese are doing well, but they are not happy that the Chinese… — Branko Milanovic Copy Share
If we knew what type of jobs would exist in 20 years, we would be quite rich. But we just cannot visualize it. — Branko Milanovic Copy Share Image
Global inequality is such an abstract concept, simply because there is no global government. Telling people in rich countries who have had no increase in real incomes, stagnant median wages and so on, that on the other hand global inequality is going down because people who are much poorer than them are getting richer - it's something that maybe they… — Branko Milanovic Copy Share
In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where… — Branko Milanovic Copy Share Image
While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people… — Branko Milanovic Copy Share Image
What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality… — Branko Milanovic Copy Share Image
“What determines inequality among individuals within a single nation? Are there certain regularities that make inequality behave in a particular way as societies develop?” — Branko Milanović Copy Share Image
Most people believe that inequality is rising - and indeed it has been rising for a while in a number of rich countries. And… — Branko Milanovic Copy Share Image
People in the rich countries who have done very well, who are at the top of the income pyramid, try to steamroll over the… — Branko Milanovic Copy Share Image
When the industrial revolution happened there was the Luddistic movement, and there was a fear that machinery would replace all the labor. Whenever we… — Branko Milanovic Copy Share Image
If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes… — Branko Milanovic Copy Share Image
Even if parties associated with right wing populism don't win, they push other parties, the centrist parties, towards their position. So they do have… — Branko Milanovic Copy Share Image
