Coronavirus & Globalisation: Middle Class in Richer Countries Set To Be Hit-Prof. Branko Milanovic

We speak to Prof. Branko Milanovic, Visiting Presidential Professor at the Graduate Centre of the City University of York and former Lead Economist at the World Bank’s Research Department. He discusses Boris Johnson’s quoting of the Italian economist Vilfredo Pareto who argued poverty could only be eliminated through economic growth, the unaccountability of politicians as inequality continues to become more extreme, why he doesn’t find long-term economic projections useful, why he compared Mao Zedong’s Cultural Revolution death toll to the neoliberal Coronavirus response death toll in the United States, Coronavirus’ effects on globalisation and why it will likely hit the middle classes of richer nations, why he believes economic growth is the only way to eliminate poverty and the dilemma the world faces in convincing developing countries to decarbonise and much more! #Economics #News #CurrentAffairs LIKE Going Underground