2021年5月7日金曜日

Egalitarian capitalism

 

REVIEW 

  Capitalism, Alone: The Future of the System That Rules the World By Branko Milanovic Reviewed By Richard N. Cooper September/October 2020 

Capitalism, Alone highlights 3 ‘systemic characteristics’ of Political Capitalism: an efficient bureaucracy, absence of the rule of law and autonomy of the state. The relationship between these 3 is fraught: efficient bureaucrats struggle when their bosses are not bound by the law, and corruption is an inevitable result
A ‘how to fix it’ section is brief and pretty thin: He advocates redistributive taxation, big investments in public schools, limited and temporary migration and limited and exclusively public funding for political campaigns. That hardly lives up to the epic scale of the events and challenges he describes earlier in the book.


PDF  


May 2020
European Journal of the History of Economic Thought 27(3):1-3
DOI:10.1080/09672567.2020.1761664
Authors:

Federico D’Onofrio

Milanovic adds a set of prescriptions expected to reduce inequality. He argues, against Piketty (2013), that taxes and transfers cannot durably stymie its rise. He claims that we should aim “for an egalitarian capitalism based on approximately equal endowments of both capital and skills across the population” (p. 46). This can be achieved by inverting the process of capital concentration, namely by incentivizing middle-class families to invest in financial assets rather than housing, by promoting employee stock ownership plans, and reintroducing a high inheritance and wealth tax. In addition to this, the quality of education should be equalized in order for the returns to education to become more similar across societies


中国的資本主義と米国的資本主義

どちらが中間層、貧困層の経済的苦境を救済できるシステムとして生き残るか・・・

資本主義という観点から米中対立をみるのは・・・・なにかしっくりこないような気もするけど・・・・

 


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