If you want to look at the sources of inequality look at who grabs and holds land (all natural resources) and patents of monopoly. Henry George predicted this in 1879. First come, first grabbed is not a good theory of property. It denies intergenerational equality of opportunity. As for patents they should be abolished or taxed out of existence.
I think that the most interesting lesson is the one Prof. Branko draws from Prebisch and China: development is not just aid, morality, or markets. It is about changing a country’s position inside the international system, absorbing technology, moving into higher value-added production, disciplining elite consumption, and building domestic capacity.
That is why China matters so much in the history of development. It did not wait for global equality to be designed for it. It reorganized its own position inside the global economy.
The thing is inequality is the natural equilibrium in capitalism. Those 20th Century UN idealisms were fruit of the gravitational distortion of the USSR over the capitalist world.
If you want to look at the sources of inequality look at who grabs and holds land (all natural resources) and patents of monopoly. Henry George predicted this in 1879. First come, first grabbed is not a good theory of property. It denies intergenerational equality of opportunity. As for patents they should be abolished or taxed out of existence.
I think that the most interesting lesson is the one Prof. Branko draws from Prebisch and China: development is not just aid, morality, or markets. It is about changing a country’s position inside the international system, absorbing technology, moving into higher value-added production, disciplining elite consumption, and building domestic capacity.
That is why China matters so much in the history of development. It did not wait for global equality to be designed for it. It reorganized its own position inside the global economy.
The thing is inequality is the natural equilibrium in capitalism. Those 20th Century UN idealisms were fruit of the gravitational distortion of the USSR over the capitalist world.