On January 20, Joseph C. Sternberg writes in The Wall Street Journal:
It’s not enough to presume that capitalism inherently favors the rich. The possibility that policy is to blame deserves a deeper look.
Thirty years on from the collapse of communism in Europe, the Western market system is the only viable game in town, and yet it’s beset by a host of economic, social and political challenges. This is perfect fodder for deep analysis and intellectual creativity. Alas, that’s not we get from economist Branko Milanovic. Instead, “Capitalism, Alone: The Future of the System That Rules the World” is a stunted recitation of the political and economic crises afflicting Western capitalism, an unpersuasive account of China’s economic model as a potential alternative and an implausibly dystopian vision of global capitalism’s future….
