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Quote by Branko Milanovic

“Even if parties associated with right wing populism don't win, they push other parties, the centrist parties, towards their position. So they do have an influence even if they're not in power.”

Author

Branko Milanovic

Branko Milanovic is a renowned economist known for his research on globalization, income inequality, and global income distribution. His work spans multiple fields, including development economics, international economics, and comparative economics. more

“When the industrial revolution happened there was the Luddistic movement, and there was a fear that machinery would replace all the labor. Whenever we had a technological revolution we had this fear. So if you look backwards, these fears were not justified, and I think they were driven by our very human inability to visualize what new jobs will be created by this new technology.”

Thinking Technology Revolution Labor Driven Technological Backwards Justified New Technology New Job Industrial Revolution

Author:Branko Milanovic

“If we knew what type of jobs would exist in 20 years, we would be quite rich. But we just cannot visualize it.”

Rich

Author:Branko Milanovic

“If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it's not a problem, because you get as much as I do. The problem is that capital in capitalist countries is very heavily concentrated, especially financial capital. So then if the share of income from that source goes up, that actually exacerbates inequality.”

Country Problem Share Financial Inequality Capitalist

Author:Branko Milanovic

“While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people who are very poor is really that they are not included in globalization. For them, the success of their own countries at becoming part of this international division of labor would be good news.”

People Country Problem Poor Rich Labor Be Good Middle Class Globalization

Author:Branko Milanovic