The podcast conversation of The Great Tech Game with Aniurdh Suri features Branco Milanovic, an expert on income inequality, discussing his work and global inequality trends. Milanovic's book, "Capitalism Alone," argues that capitalism is the only dominant economic system, with variations like liberal capitalism (US) and political capitalism (China). He also explores how socialist revolutions inadvertently paved the way for capitalism in some countries. His other book, "Visions of Inequality," looks at how influential economists have viewed inequality. Milanovic discusses how to measure inequality, noting that the Gini coefficient is a powerful tool. He explains that while inequality within most rich countries has increased, global inequality between people has decreased due to the rise of Asia. However, if Africa does not develop, this trend could reverse. Geopolitics and technology also play a role. The relationship between the US and China and the rise of Asia are reshaping the global landscape. New technologies, like AI, could increase inequality. India's influence is growing due to its non-aligned position and economic growth. In terms of policy, Milanovic notes that it is difficult to reduce inequality with government policy, though cash grant programs in Latin America are a potential example. Key takeaways: ● Capitalism is the dominant system globally, with different variations. ● While inequality within many countries is rising, global inequality has decreased. ● Geopolitics, technology, and Africa's development will play a role in future inequality trends. ● There's a disproportion between discussion and action on reducing inequality. Chapters 00:00 Introduction to the Great Tech Game Podcast 03:22 Branko's Career Journey 08:48 Diving into Capitalism Alone 22:17 Different Models of Capitalism 25:49 Global Inequality Trends 46:31 Skepticism About Consumption Data 47:01 Income vs. Consumption in India 48:57 Gender Inequality Trends 51:05 Global Inequality Decline 53:36 Rise of the Middle Class 57:02 Africa's Population Growth and Global Impact 01:01:44 Geopolitical Risks and Global Inequality 01:14:14 Technology and Inequality 01:21:27 Policy Measures to Reduce Inequality 01:24:53 Conclusion and Recommendations Book Links: Anirudh Suri: The Great Tech Game by Anirudh Suri - https://amzn.eu/d/1Su38My Branko Milanovic: Capitalism, Alone : The Future of the System That Rules the World : https://amzn.in/d/0jziPT1 Visions of Inequality: From the French Revolution to the End of the Cold War: https://amzn.in/d/akDn6L6 Global Inequality – A New Approach for the Age of Globalization: https://amzn.in/d/80DzQcJ THE HAVES AND THE HAVE-NOTS: https://amzn.in/d/cc4Co0u Follow Anirudh here: X (formerly Twitter): https://x.com/anirudhsuri Linkedin: / anirudhsuri Instagram: / anirudh_suri Facebook: / anirudhsuri.in Website: [www.anirudhsuri.com](http://www.anirudhsuri.com/) Book and Podcast: [www.greattechgame.com](http://www.greattechgame.com/) #TheGreatTechGame, #AnirudhSuri, #BrankoMilanovic, #IncomeInequality, #GlobalInequality, #CapitalismAlone, #VisionsOfInequality, #LiberalCapitalism, #PoliticalCapitalism, #USChinaRelations, #Geopolitics, #EconomicTrends, #InequalityMeasurement, #GiniCoefficient, #AsiaRising, #AfricanDevelopment, #GlobalEconomy, #SocialistRevolutions, #TechnologyAndInequality, #AIImpact, #IndiaEconomicGrowth, #NonAlignedPosition, #EconomicSystems, #PolicyChallenges, #CashGrants, #LatinAmerica, #GlobalTrends, #WealthDisparity, #EconomicInequality, #FutureOfCapitalism
