Branko Milanovic Quotes
The middle class in the rich countries is where the political game is being played. They are voting in elections in the U.S., U.K., France and Germany. They are working people in the upper part of the global income distribution. They might on average be happy that the Chinese are doing well, but they are not happy that the Chinese are doing well relative to them.
Milanovic, Branko. "Branko Milanovic: 'The Word Inequality Makes Rich People Upset'." Interview by Asher Schechter. ProMarket, Stigler Center at the University of Chicago Booth School of Business, 2 Sept. 2016.
One dramatic example of this principle is that India at the end of the 20th century had more billionaires than the United States did.
The “competition of the poor included the political and social activism competition.”
Branko Milanović . He also teaches at the London School of Economics and the Barcelona Institute for International Studies. In 2019 he has been appointed the honorary Maddison Chair at the University of Groningen.