Foreign Affairs. January-February 2020

The Clash of Capitalisms

Branko Milanovic 10

How Poverty Ends

Abhijit V. Banerjee and Esther Duflo 22

The Starving State

Joseph E. Stiglitz, Todd N. Tucker, and

Gabriel Zucman 30

The Neoliberal Collapse

Miatta Fahnbulleh 38

The Neosocialist Delusion

Jerry Z. Muller 44

THE FUTURE OF CAPITALISM

Capitalism is

confronting its

own flaws, and the

reckoning is

not always pretty.

ILLUSTRATIONS BY DAVID PLUNKERT

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