Branko Milanovic

Branko Milanovic


1) Income inequality; 2) Politics; 3) History; 4) Soccer. Author of Global inequality: A new approach for the age of globalization

75381 followers  •  1000 follow  •    •   https://t.co/211n51UtuB

I actually do agree with Macron's approach to the EU enlargement but it is still weird that he is basically taking the Balkans as a hostage to his plan to "deepen" the union among the 27/28.

The best and the worst of "C,A" (according to some opinions) @DerechoEspana 

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The truth of immigration in Europe (and this is about *Denmark!* and an *American!*) & phantasy of people who argue (on paper) that immigration should be almost free (while it is a political non-starter).

"When I was in my 20s, I was warned to not subscribe to cable TV b/c it would destroy my social life. As a result, I recall going on dates just b/c there was no good TV to watch. That would never happen now".. Why young people are having less sex via @qz 

Delighted that "Capitalism, Alone" is one the five economics books of the year, according to @TheEconomist  (just saw it at Heathrow).

globalinequality: Political Decay in Our Time. A review of Fukuyama’...

From workers to capitalists in less than two generations: Chinese urban elite transformation between 1988 and 2013

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Highly recommended book by Ho-fung Hung globalinequality: The social and geopolitical origins of China’s ris...

My next review in "China books reviews" will be "Asia's Reckoning" by Richard McGregor (it will not be a very favorable review)

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Chile beats Russia, in the combined wealth of its billionaires as a share of GDP. (Forbes 2014 data). (Chile is actually the most unequal country in the world by this measure).

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Some stunning results for Spain, based on the just-published @lisdata  harmonized survey data. Ten years after the crisis, real median income is the same as in 2007, bottom 40% lost in real terms, income of the top 1% went up by 21%.

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Many policies that 20y ago were thought great (and the World Bank promoted them all) are now seen as failures: 1. Complex financial instruments 2. Student loans 3. Private pensions 4. Fast privatization 5. Privatization of infrastructure & water 6. Cutting basic food subsidies

Definitions "Expat": person from a rich country working in a poor country. "Migrant": person from a poor country working in a rich country.

Chile is such an extravagant case of inequality that even back-of-the-envelope calculations suffice. Current measures proposed by the govt to diffuse social tensions are estimated to cost 0.4% of GDP. Chilean billionaires wealth is 25% of GDP.

"Poland's leader says if 'no' side wins, Greece must leave eurozone". This from PM of a country which in 1991 got 60% of its debt forgiven.

Probably less than 1% of people in the world own shares, but 2/3 of Nobel Prize winners in econ are about stock market behavior.

It is simply inconsistent to be against taxation of inheritance and to be in favor of equality of opportunity. You have to decide if you want one or the other.

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