Branko Milanović, an economist renowned for his studies on global inequality, critiques the outcomes of globalization in relation to different social classes. He highlights that while globalization has significantly boosted the incomes and economic status of emerging middle classes, particularly in countries like China, it has failed to provide expected benefits to Western middle classes. Instead, they have seen stagnation or decline, contributing to rising frustration with globalization's promise.

Milanović's analysis is founded on his well-known 'elephant curve,' which visually represents how globalization has created disparities among different socio-economic groups. His findings underscore the point that the global economic system has been particularly advantageous to the wealthiest 1% while the lower stratum, especially the poor in Africa, continues to struggle. Milanović believes that public education and healthcare are vital in ensuring equality of opportunity, proposing that these should be prioritized to help mitigate rising inequality.

As a former World Bank researcher, Milanović possesses a deep understanding of economic mechanisms, and his insights reveal the complexities of wealth distribution in the age of globalization. His commentary prompts reflection on current economic policies and the need to reevaluate how globalization is approached to ensure a more equitable future for all classes, especially the disillusioned Western middle class.