Tag Archives: Global Inequality

Did inequality cause the First World War? Contra Hobson-Lenin-Milanovic

The “Hobson-Lenin Thesis”: inequality, ‘underconsumption’, capital exports, imperialism, and the Great War In a small section in his new book, Branko Milanovic argues that the First World War was ultimately caused by income & wealth inequality within the belligerent countries, resurrecting ideas from … Continue reading

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