Branko Milanovic
Economist specialising in global income inequality; formerly lead economist in the World Bank research department, now at the CUNY Graduate Center.
Branko Milanovic did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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Their wordsThe more we believe that IA may cause non-specified and unpredictable problems, the stronger the argument for its control by the state.
↗Three types of literature regarding the world of AIbranko2f7.substack.com
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Their wordsIncome of capitalists is likely to increase because AI companies are owned by actual people and these people, like shareholders in general, are well-off. Thus the rise in the capital share also means rising incomes of the rich and higher inequality of income.
↗Three types of literature regarding the world of AIbranko2f7.substack.com
- 2 weeks earlier
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Their wordsThat reckless expansion is particularly dangerous because it lacks an end point.
- 5 days earlier
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Their wordsIt is also hypocritical because it is based on the assumption that somebody else (in this case, the United States) will fight for them.
↗On European hypocrisy and warmongeringbranko2f7.substack.com 1st of 4 in this piece
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Their wordsSuch, indeed fragile, peace not only puts an end to today’s carnage, but leaves open a possibility of eventual long-term solution between Russia and Ukraine.
↗On European hypocrisy and warmongeringbranko2f7.substack.com 2nd of 4 in this piece
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Their wordsNot only is the idea of an endless war immoral, but it plays with an immense risk of nuclear escalation.
↗On European hypocrisy and warmongeringbranko2f7.substack.com 3rd of 4 in this piece
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Their wordsThe Nordic-Baltic warmongering under the current conditions is therefore (i) irresponsible, (ii) hypocritical, (iii) immoral, and (iv) flirts with a disaster of immense proportions.
↗On European hypocrisy and warmongeringbranko2f7.substack.com 4th of 4 in this piece
- 6 weeks earlier
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Our reading
Chinese writers' preoccupation with China alone is what limits China's soft power abroad.
Their wordsTo come to my key point: this self-concentration limits China’s ideological influence in the rest of the world and its soft power.
↗A self-absorbed giantbranko2f7.substack.com 1st of 4 in this piece
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Our reading
China's cultural and intellectual output to the world is far smaller than its economic weight.
Their wordsIt surely does not “produce” one quarter of world culture or intellectual activity (if the latter is defined as influential books, of fiction and non-fiction, politics, history; films, plastic arts, music, theater etc.)
↗A self-absorbed giantbranko2f7.substack.com 2nd of 4 in this piece
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Our reading
China had more ideological influence in the world during the Cultural Revolution than it has today.
Their wordsParadoxically, China might have had more soft power when it followed self-destructive policies of Maoist Cultural Revolution.
↗A self-absorbed giantbranko2f7.substack.com 3rd of 4 in this piece
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Their wordsChina’s tremendous success had not resulted in a blueprint that could be followed from Afghanistan to Zambia on how to become rich in four decades.
↗A self-absorbed giantbranko2f7.substack.com 4th of 4 in this piece
- 19 months earlier
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Their wordsBoth systems were badly structured at their very inception (Versailles and the end of the Cold War). Both contained within themselves the seeds of destruction.
- 3 months earlier
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Their wordsWith the declining appeal of communism and then its eventual fall, there was much less need to acquiesce to labor’s demands.
↗The end of the great order under the Heavenbranko2f7.substack.com 1st of 2 in this piece
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Our reading
The neoliberal order did not simply spread around the world: the United States made it global.
Their wordsIn fact, the US was a key actor in making the neoliberal order go global.
↗The end of the great order under the Heavenbranko2f7.substack.com 2nd of 2 in this piece
- 7 years earlier
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Their wordsThen, unless we change the distribution of income, we are condemning to permanent abject poverty some 15 percent of world population that currently earn less than $1.90 per day and some quarter of humankind who earn less than $2.50 per day.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 1st of 5 in this piece
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Their wordsFrom these exchanges I got the impression that they were unaware of just how unequal and poor (yes, poor) the world is today and what would be the trade-offs if we really were to decide to fix the volume of goods and services produced and consumed in the world at the current level.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 2nd of 5 in this piece
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Their wordsHow much of a reduction would this imply for the global top 27% (those with incomes above the global mean)? Their incomes would have to be cut by almost two-thirds.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 3rd of 5 in this piece
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Their wordsThe world would have to move from an inequality level that is higher than that of South Africa to complete equality that has never existed in any recorded society.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 4th of 5 in this piece
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Our reading
The way to cut emissions is to tax the most emission-intensive goods, not to stop growth.
Their wordsIt would make more sense, if we want to think seriously about how to reduce emissions, not to engage in the illusions of degrowth in a very poor and unequal world but to think how the most emission-intensive goods and services could be taxed in order to reduce their consumption.
↗The illusion of “degrowth” in a poor and unequal worldglineq.blogspot.com 5th of 5 in this piece