AHCD is launching a video interview series on the ‘transformation of work, inequalities and solidarities’, one of its three research pillars. A first set of interviews were produced during the Delphi Economic Forum. Along with Chatham House, the World Bank Group, the European Council on Foreign Relations, and other key organisations, the Albert Hirschman Centre on Democracy was a Programming Partner of the 6th Delphi Economic Forum which took place in Athens on 10-15 May 2021.
The interviews focus on how the emergence of new forms of hybrid work, including the gig and platform economy, is changing the contours of the employment relationship. They highlight the importance of forging collaborations between workers and employers for achieving social equity, economic efficiency and democratic participation in the 21st-century workplace.
1. The future of capitalism(s): Shalini Randeria in conversation with Branko Milanovic, Delphi Economic Forum VI
Branko Milanovic, one of the world’s leading scholar on income inequality, discusses the future of capitalism(s), economic inequalities and the compatibility of capitalism and democracy. He points out that dissatisfaction with capitalism exists mostly in the West. Indeed, while the West is losing the privileged position it had for centuries, other regions have tended to benefit from globalization and capitalism. How have huge inequalities of wealth in the West come about? Professor Milanovic reviews factors such as globalization and the outsourcing of jobs; technological change; and policies relating to deregulation and the weakening of organized labour. All three have led to increasing economic polarisation between the rich and the poor.
The discussion was endorsed by the Embassy of Switzerland in Greece, with Ambassador Olaf Kjelsen delivering opening remarks.
Branko Milanovic is Visiting Presidential Professor and LIS Senior Scholar at the Graduate Center of the City University of New York. He has also worked as Lead Economist in the World Bank’s research department and is the author of The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality and Global Inequality: A New Approach for the Age of Globalization (Harvard University Press, 2016).