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Links 2/24/2021 | naked capitalism


I tried to read the latest Branko Milanovic blog, but the man just endlessly argues in bad faith on these issues. I’m referring specifically to his engagement with the degrowth school. I understand that his work on global inequality is quite commendable. He cites/links to no one, and provides his own crude interpretation of what the “degrowers” want in order to vaguely bash it as magical thinking. He handwaves away a very nuanced and compelling critique of GDP as a measure of prosperity with nonsense like:
“people migrate from Morocco to France because France is a richer country and they will be better-off there. American Blacks are worse off than American Whites in all dimensions, not least in terms of their income. This is the background to the Black Lives Matter movement that wants to make Blacks better off and equal in income and health to Whites.” ....

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