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- Author(s): BATTISTONI, ALYSSA
- Source:
Nation; 5/17/2021, Vol. 312 Issue 10, p33-39, 7p, 1 Color Photograph- Subject Terms:
- Source:
- Additional Information
- Abstract: Indeed, although Milanovic purports to be analyzing the two major strains of capitalism today, Capitalism, Alone is best understood as a book about two countries: the United States and China. Today's liberal capitalism, Milanovic argues, must be distinguished from two earlier strains of capitalism: the "classical" capitalism of the 19th and early 20th centuries and the "social democratic" capitalism of the mid-20th century. Milanovic's account of capitalism today is most useful in gesturing toward a comparative analysis of capitalisms, detached from the liberal teleology of the past three decades. A few pages before the book's abrupt end, Milanovic does offer a few suggestions as to how this world can be made more tolerable, commerce more doux - at least in liberal capitalist societies, which might yet evolve into a "people's capitalism" or an "egalitarian capitalism.". [Extracted from the article]
- Abstract: Copyright of Nation is the property of Nation Company, L. P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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