Facing Truth: Capitalism & Inner Challenges | Fitoussi, Milankovic, Rosa | New York Encounter 2022

The New York Encounter

A conversation on prosperity, opportunity, and inequality, with Jean-Paul Fitoussi, Professor Emeritus of Economics at the Institut d'Etudes Politiques de Paris, and Branko Milanovic, senior fellow at the Stone Center on Socio-Economic Inequality, Samuele Rosa, senior economist, International Monetary Fund, moderated by Anujeet Sareen, portfolio manager, Brandywine Global

America, we believe, is the land of opportunity, a country where people of diverse backgrounds have the opportunity to make the most of their talents. But is this narrative true today? Do we truly offer equality of opportunity? Income and wealth inequality are the worst they have been in nearly a century. Indeed, the deepening unease across the political spectrum and the increasing distrust of our institutions are perhaps largely a consequence of an erosion of the American dream. These trends are similar in many advanced economies. How does America once again offer the promise of shared prosperity?