A Political Economy & History Book Club Meetup

Let's read "The Great Global Transformation: The United States, China, and the Remaking of the World Economic Order" by Branko Milanovic (Amazon, Powell's, Audible)

I've selected this book based on the strength of the author rather than the topic. We've read two books by Milanovic and both have been great sessions. He's an unconventional thinker, so I'm willing to try this book that on its face would not seem novel.

LSE Review: Branko Milanović – is neoliberalism being replaced by something more capitalist?

Here is the description:
The world’s two great economic powers are on opposite trajectories. In the United States, decades of neoliberal policies produced a small class of rich elites and gutted the middle class. In China, the same global forces have created a massive new upper class. The result is the greatest reshuffling of global incomes since the Industrial Revolution—a dramatic shakeup of each country’s political order. As the two powers retreat from one another, the implications for their futures, and for the world economy, are uncertain.

In The Great Global Transformation, acclaimed economist Branko Milanovic draws on original research to chart how these seismic shifts will shape the next century of the global economy. As both the US and China retreat into protectionism, Milanovic shows how a new and multipolar world order will follow—and how rising nationalism will have dramatically different effects on the two countries. And he shows us the fight ahead: as plutocracy returns, global war threatens, and a new system silently shapes our nations, driving populist discontent to the breaking point.

A worthy successor to Capitalism, Alone and his other landmark works, Milanovic’s new book announces the arrival of a new era he terms “national market liberalism,” in which liberalism survives in domestic economies, but not necessarily in the social arena. The Great Global Transformation is Milanovic’s indispensable account of the new twenty-first century now underway.