Economist Branko Milanovic saw firsthand the soaring inequality of Russia’s 1990s transition to capitalism. He spoke to Jacobin about how Vladimir Putin’s war has plunged the country back into crisis — and placed a bomb under the globalized order.
Pablo Pryluka is a PhD candidate in the department of history at Princeton University. His main fields of interest are modern Latin American and global history, with a focus on social and economic history.
Inequality is on the rise in the West but globally it’s in decline. Economist Branko Milanovic speaks to Jacobin about the shifting dynamics of capitalism, and why going back to its so-called “golden age” is not an option.
Argentina’s 1976–1983 military dictatorship relied on widespread torture and disappearances to eradicate all political opponents, real or imagined. Seeking to conceal the junta regime’s one-sided terror, the Right still refers to those years as a “dirty war.” But the only accurate way to describe the dictatorship is as a period of “state terrorism.”
Argentina’s Mauricio Macri officially steps down as president today, having overseen four years of neoliberal mismanagement, inflation, and a new IMF bailout program. The election of the Peronist Alberto Fernández is good news for the Left, but it faces an uphill battle in stabilizing a deeply indebted economy.