Should-Read: Branko Milanovic is what Marx used to call a petty-bourgeois socialist: tame capitalism by making sure that valuable property is widely distributed. Marx thought that this was doomed to fail under industrial capitalism, but Marx’s arguments have big holes in them. It might well work: Branko Milanovic: Reducing inequality by deconcentrating capital: “The capital–income … Continue reading Should-Read: Branko Milanovic: Reducing inequality by deconcentrating capital