The Clash of Capitalisms: The Real Fight for the Global Economy's Future.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Author(s): Milanovic, Branko
  • Source:
    Foreign Affairs. Jan/Feb2020, Vol. 99 Issue 1, p10-21. 11p.
  • Additional Information
    • Subject Terms:
      CAPITALISM; WAGE decreases; POVERTY; TECHNOLOGICAL innovations; PRIVATE sector
    • Abstract:
      The article focuses on several aspects of capitalism. It mentions that societies around the world have embraced the competitive and acquisitive spirit hardwired into capitalism, without which incomes decline, poverty increases, and technological progress slows. It also mentions that India follows a system that concentrates the vast majority of production in the private sector that shows a liberal meritocratic form of capitalism.