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“What do we find overall, then, when we compare inequalities in the different versions of capitalism? In all six aspects examined here, liberal meritocratic capitalism displays features that enhance inequality. It differs from classical capitalism most distinctively in the feature that capital-rich individuals are also labor-rich, and probably also in greater assortative mating. It differs significantly from social-democratic capitalism in several respects: it exhibits a rising aggregate share of capital in net income, it has labor-rich capitalists, it almost certainly has a greater prevalence of assortative mating, and it most likely has greater intergenerational transmission of inequality.”
― Branko Milanović, Capitalism, Alone: The Future of the System That Rules the World