NEW PARADIGM

Branko Milanovic on how to reform capitalism

The complete keynote that Branko gave at the launch of our Forum in Berlin.

BY

FORUM NEW ECONOMY

PUBLISHED

2. NOVEMBER 2019

READING TIME

1 MIN

In his new book, economist Branko Milanovic argues that capitalism is the only game in town and here to stay. It has triumphed because it is better able to deliver prosperity and personal autonomy than other systems. However, Milanovic acknowledges that capitalism offers no guarantee of stability, as shown by the inequality and excess of mature capitalist societies and the populism this is breeding, and by the overt corruption and political suppression of political capitalism, as exemplified by China. Capitalism pushes us to treat material success as the ultimate goal of human existence, to the detriment of all else. But, he concludes, capitalism is a human system; we can mold it to make it serve those choices. The challenge is to decide what can of society we want.

Keynote Speech by Branko Milanovic

ABOUT NEW PARADIGM

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After decades of overly naive market belief, we urgently need new answers to the great challenges of our time. More so, we need a whole new paradigm to guide us. We collect everything about the people and the community who are dealing with the question of a new paradigm and who analyze the historical and present impact of paradigms and narratives – whether in new contributions, performances, books and events.

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