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Several of my recent reviews of books on China.

Ang: "China's Gilded Age" ****
Can corruption be good for growth?
glineq.blogspot.com/2020/06/can-co…

Bickers: "Out of Asia" ****
History without ideology
glineq.blogspot.com/2019/07/histor…
Cabestan: Demain la China: democracie ou dictature? ***
Poverty of vision of “liberal interventionists”
glineq.blogspot.com/2019/02/povert…

McGregor: Asia's reckoning ***
Hollywood meets Asia (my harshest review ever)
glineq.blogspot.com/2019/12/hollyw…
Hung: The China Boom: why China will not rule the world *****
The social and geopolitical origins of China’s rise
glineq.blogspot.com/2019/05/the-so…

Kissinger: On China *****
The most important relationship
glineq.blogspot.com/2018/10/the-mo…
Pomeranz: The great divergence *****
The Americas, armed trade and cheap energy
glineq.blogspot.com/2018/09/the-am…

Wang: Memoirs of a Chinese revolutionary *****
“I won’t go to Moscow until the revolution triumphs”
glineq.blogspot.com/2018/02/i-wont…
Gewirtz: Unlikely partners ****
How China became a market economy
glineq.blogspot.com/2017/09/how-ch…

Jacques: When China rules the world *****
The aloofness of Pax Sinica
glineq.blogspot.com/2018/01/the-al…
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Branko Milanovic
@BrankoMilan
When it is all over and 000 would have died, people will, by clever and specious reasoning, try to make it all sound 'normal'. They might because the dead have no voice anyway.

But the American failure is one of epic proportions.
You have a govt 'by the people, for the people' that does not care about people.

You have the most sophisticated and expensive health care system in the world that just collapses and says it can do nothing.
You have hundreds of schools of public health, thousands of professors of public health who have presumably spent years training for such a crisis & have no idea what to do when the virus hits.

You have different levels of government that fight each other while people die.
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Branko Milanovic
@BrankoMilan
Among the books on China I really liked but did not review is Zhao Ziyang's "Prisoner of the state".
amazon.com/Prisoner-State…
Not so much for the usual "freedom" reasons but for Zhao's description how little knowledge and much fear reformers had in the beginning of the reforms.
Zhao writes they were afraid that Beijing and Shanghai will face hunger if they let farmers decide on their own what to produce and sell. To have food in cities, they thought, you had to order peasants to bring it in.
People who live in capitalist economies where money, markets, numbers are everywhere forget this is not a universal condition.

Since I grew up in communism I knew how hard it was to bridge this epistemological gap.
Read 5 tweets
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Branko Milanovic
@BrankoMilan
For my today's webinar at Universidad de Chile, I prepared a few additional slides that include Chile.

First , the evolution of inequality. Chilean inequality (thick blue line) has gone down since 2000 (like in many LatAm countries) but after 2013 it is on the rise again.
The % of people who are both labor-rich (in top decile of labor incomes) and capital-rich (in top decile by K incomes) is 18% in Chile (dark blue bar). This means that 1 out of each 5 rich capitalists are also drawing large salaries that put them among the top 10% labor earners.
Chile differs, in terms of homoploutia, from other LatAm countries which are closer to "classical capitalist" model: rich capitalists do not have labor incomes.

This explains the positions of Mexico and Brazil in the previous graph (with homoploutia shares of 8%).
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