Richard Reeves has written a new Brookings report.❝ Capitalism reigns. But capitalism is in trouble. Therein lies the paradox of our age. For the first time in human history, a single economic system spans the globe. Of course there are differences between capitalism Chinese-style, American-style and Swedish-style. Close up, these differences can seem significant. But viewed through a wider lens, the distinctions blur. As the economist Branco Milanovic writes in his new book, Capitalism Alone, “the entire globe now operates according to the same economic principles – production organized for profit using legally free wage labor and mostly privately owned capital, with decentralized coordination” … [Brookings.edu]
 | RICHARD REEVES is a enior fellow at the Brookings Institution and author of Dream Hoarders.. Watch him discuss why education reduces social mobility below, and learn more about booking Richard for your next event today. |
