As the world stumbles through a second year of the COVID-19 pandemic, it is clear that both its catastrophic toll on human life and the severe socioeconomic dislocation it has caused matter equally. Yet it is also becoming clear that there is a growing inequality associated with governments and private citizens’ responses to the pandemic – whether in terms of access to vaccines or public policy measures to support the most vulnerable sections.
In this context, the work of Professor Branko Milanovic of the Stone Center on Socio Economic Inequality at the City University of New York, and former lead economist in the World Bank’s Research Department for almost 20 years, matters ever more today, especially his study of the relationship between inequality and different forms of capitalism across the world. On this episode of the In Focus podcast, he shares his perspective on this subject, including on its relevance to India, with The Hindu's Associate Editor Narayan Lakshman.