Saturday, July 22, 2017

Branko Milanovic — Multi-party kleptocracies rather than illiberal democracies

As long a we're calling a spade a spade, tt seems to me that Western liberal democracies are also "multi-party kleptocracies" in that a single, homogeneous elite always wins. 

It's only question of which faction of the elite gains the greatest spoils. 

Like the "illiberal democracies." this is the illusion of democracy and free choice, but in the end the result is the same. The ruling elite walks away the spoils because they control the levers of power and own the wealth.

And it will be so as long as bourgeois liberalism in the form of neo-feudalism and predatory capitalism persist.

Global Inequality
Multi-party kleptocracies rather than illiberal democracies
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

1 comment:

Kaivey said...

The only way to bring them under control is to strip them of their $billions. In the end are will have $trillionaires Something for so be done. A steep inheritance tax is needed. The founding fathers had the right idea.