Branko Milanovic(@BrankoMilan):The point is this: decentralized capitalists that were excellent in squeezing workers for 40 years of neoliberal policies have now met, unexpectedly, a centralized capitalist (aka the Chinese state) that beats them at their own game. And like a character playing chess in Bergman's "Seventh Seal", they just want to wipe off the chessboard. But it is not that simple. My new short essay: Don’t ask me about my profits, but let’s talk about your wages

Branko Milanovic

@BrankoMilan

Income inequality, politics, history, soccer Research prof, Graduate Center CUNY; Visiting prof III, LSE Author of "The Great Global Transformation".

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Branko Milanovic@BrankoMilan

2026.07.14 18:05

The point is this: decentralized capitalists that were excellent in squeezing workers for 40 years of neoliberal policies have now met, unexpectedly, a centralized capitalist (aka the Chinese state) that beats them at their own game. And like a character playing chess in Bergman's "Seventh Seal", they just want to wipe off the chessboard. But it is not that simple. My new short essay: Don’t ask me about my profits, but let’s talk about your wages

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