Jibarosoy + capitalism   47

A Brief History of US Concentration Camps | Portside
“The US ran concentration camps before, when we rounded up Japanese people during World War II,” she tweeted. “It is such a shameful history that we largely ignore it. These camps occur throughout history.” Indeed they do. What follows is an overview of US civilian concentration camps through the centuries. Prisoner-of-war camps, as horrific as they have been, have been excluded due to their legal status under the Geneva Conventions, and for brevity’s sake.
Power_in_America  Violence_y_Power  racism  colonialism  capitalism  exploitation  genocide  Trump 
june 2019 by Jibarosoy
The Progressive Conversion of Social Power into State Power | Mises Institute
It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of its own. All the power it has is what society gives it, plus what it confiscates from time to time on one pretext or another; there is no other source from which State power can be drawn. Therefore every assumption of State power, whether by gift or seizure, leaves society with so much less power. There is never, nor can there be, any strengthening of State power without a corresponding and roughly equivalent depletion of social power.

Moreover, it follows that with any exercise of State power, not only the exercise of social power in the same direction, but the disposition to exercise it in that direction, tends to dwindle. Mayor Gaynor astonished the whole of New York when he pointed out to a correspondent who had been complaining about the inefficiency of the police, that any citizen has the right to arrest a malefactor and bring him before a magistrate. "The law of England and of this country," he wrote, "has been very careful to confer no more right in that respect upon policemen and constables than it confers on every citizen." State exercise of that right through a police force had gone on so steadily that not only were citizens indisposed to exercise it, but probably not one in ten thousand knew he had it.
Latino  war  state  Power_materials  capitalism  Leadership  fear  legitimacy 
june 2019 by Jibarosoy
Information Warfare Is Here To Stay
The German example offers two main lessons for today. First, whoever controls the relevant infrastructure can also exert influence over the data and news that flow through it. For Germany, this meant investing in new wireless technology and supporting homegrown news agencies. Today, the Chinese technology giant Huawei is aiming for global leadership in 5G, the latest generation of wireless communication. U.S. intelligence agencies have claimed that the company receives funding from several Chinese state security agencies, although Huawei has denied this. Huawei’s control may enable China to determine future technical standards and surveil data flows in ways that we cannot fully anticipate today.
state  communications  Power_materials  capitalism  china 
may 2019 by Jibarosoy
Friedman and Hayek: How Neoliberal Revolutionaries Took over the World - Evonomics
Excellent article that lays out the obstacles and paths to changing our worlds! 🤗
“If it is true that that ideas don’t change things gradually but in fits and starts — in shocks — then the basic premise of our democracy, our journalism, and our education is all wrong. It would mean, in essence, that the Enlightenment model of how people change their opinions — through information-gathering and reasoned deliberation — is really a buttress for the status quo. It would mean that those who swear by rationality, nuance, and compromise fail to grasp how ideas govern the world. A worldview is not a Lego set where a block is added here, removed there. It’s a fortress that is defended tooth and nail, with all possible reinforcements, until the pressure becomes so overpowering that the walls cave in.”
pol.505  pol.508  Passions  reasoning  capitalism  state  idea  ideology  identity  critical_thinking  politics 
may 2019 by Jibarosoy
Friedrich Hayek on Economic Nationalism and Central Planning | National Review
Historically, the primary conservative argument against top-down planning wasn’t so much that politicians and bureaucrats aren’t smart enough to run the economy from some Washington-based control room, but that it simply can’t be done. Policymakers suffer from what Hayek called “the knowledge problem.” The market is too complex, with too many variables on the ground, for anyone to manage things from above.
Latino  war  fear  state  Leadership  Power_in_America  Power_materials  capitalism  Economics 
may 2019 by Jibarosoy
In US and UK, the Working and Middle Classes Are Under Attack
The official government economic policies in both countries did little or nothing to change the basic conditions that brought on the 2008 crisis. That is partly why the trends toward greater inequality continued after 2008. In contrast, after the 1929 crash, inequality had decreased. In those years, radical militancy surged within the labor movement, in socialist and communist parties, and thus within the coalitions among them. That militancy moved politics to the left, creating or increasing social welfare programs paid for with tax increases on corporations and the rich.
pol.185  inequalities  Power_in_America  Trump  capitalism  political_economy  policy  class 
may 2019 by Jibarosoy
About Adam Smith — Adam Smith Institute
Smith had a radical, fresh understanding of how human societies actually work. He realised that social harmony would emerge naturally as human beings struggled to find ways to live and work with each other. Freedom and self-interest need not produce chaos, but – as if guided by an ‘invisible hand’ – order and concord. And as people struck bargains with each other, the nation’s resources would be drawn automatically to the ends and purposes that people valued most highly.

So a prospering social order did not need to be controlled by kings and ministers. It would grow, organically, as a product of human nature. It would grow best in an open, competitive marketplace, with free exchange and without coercion.

The Wealth Of Nations was therefore not just a study of economics but a survey of human social psychology: about life, welfare, political institutions, the law, and morality.
pol.505  political_theory  capitalism  economy  individualism  marketing  Business 
april 2019 by Jibarosoy
Organizing in the Mueller Moment | Portside
We spoke of all manner of structural oppression embodied and flowing through the Trump campaign. His campaign was built on fears that many could relate to in our community. Erie has experienced generational economic decline due to automation, outsourcing both overseas and to states without union protections, and in the case of Hammermill paper, decimation by vulture capitalists. But Erie is also a top destination for refugees. In 2016-17, Erie became home to more Syrian refugees than New York and Los Angeles combined. Trump captured this anxiety, but of course his solution was faulty and racist: laying the blame on immigrants and workers around the world who are exploited by the very same system.
Trump  Power_in_America  inequality  class  capitalism  pol.185 
april 2019 by Jibarosoy
You Elected Them to Write New Laws. They're Letting Corporations Do It Instead.
USA TODAY found more than 4,000 bills benefiting industry were introduced nationwide during the eight years it reviewed. More than 80 of those bills limit the public's ability to sue corporations, including limiting class-action lawsuits, a plaintiff's ability to offer expert testimony, and cap punitive damages for corporate wrongdoing.

"No citizens are saying, 'Hey, can you make it harder to sue if ... low-paid (nursing home) orderlies happened to kill or injure my parents,' " Graves said. "That's not a thing citizens are clamoring for. But you know who is? The nursing home industry, and big business in general."

Many of the bills USA TODAY found were copied from models written by special interests were couched in unremarkable or technical language that obscured their impact. Bans on raising the local minimum wage were dubbed "uniform minimum wage" laws. Changes to civil court rules to shield companies from lawsuits were described as "congruity” or reforms to make laws consistent. Repealing business regulations was disguised under the term "rescission."
pol.185  Business  government  law  capitalism  corruption 
april 2019 by Jibarosoy
(How) Capitalism is America’s Last Taboo – Eudaimonia and Co
The problem is that we are not allowed to discuss the issue underneath all of these things. Capitalism. How it’s failed. Capitalism is America’s last taboo. If a person breaks this taboo, they will be severely punished — they will face all kinds of sanctions. Their careers will suffer, their opportunities will dwindle, they will be ostracized, their networks will fray, and so on. If you think I’m kidding, just go ahead and ask yourself — when was the last time you saw anyone anywhere mainstream even dare to mention the word “capitalism”? Don’t you think that’s gruesome, hilarious, and tragic? I do.
There are three ways this taboo is expressed, which are weak links in American democracy.
Have you ever noticed how anything — literally anything — else is tolerated in American public life? You can be a racist, a misogynist, a bigot, you can be a predictable one, you can say the most disgusting and repellent things, you can even make a multi-million dollar career out of it — but question capitalism, my friends, and your days are numbered.
pol.185  capitalism  critical_thinking  questioning  Teaching  teaching_pol_theory 
march 2019 by Jibarosoy
Philosopher of the month: Adam Smith [Timeline] | OUPblog
Smith also wrote the philosophical work The Theory of Moral Sentiment, in which he considered sympathy as the most important moral sentiment – the knowledge that one shares others’ feelings and our ability to understand the situation of the other person – and this fellow feeling we have with others help us to know whether our action or the action of another person is good or bad and conducive towards some good end.

Smith was more of an Epicurean rather than a Stoic. He shared David Hume’s views on morals and economics and inherited from his teacher Francis Hutcheson the spectator theory of virtue, a form of psychological naturalism which views moral good as a particular kind of pleasure, that of a spectator watching virtue at work.

For more on Adam Smith’s life and work, browse our interactive timeline below:
pol.505  philosophy  capitalism  state  Economics  teaching_pol_theory 
february 2019 by Jibarosoy
Who's Responsible For Amazon Quitting Queens?: Gothamist
Greg LeRoy, the executive director of Good Jobs First, a government watchdog group that tracks state and local job subsidies, says that this kind of negotiating tactic is a hallmark of corporations plying the “tax break industrial complex.”
“An essential working part of it is to degrade and demean public officials. It’s to get them to internalize, you Hartford, you New York, you Chicago, are not worth very much. We have lots of other choices. You’ve got lots of problems. If you don’t pay us a lot of money to offset the things we don't like about you, you’re disposable.”
LeRoy added that Amazon initially had “a very strong business case for them to come to New York, and I think they really wanted to come, and then I think they really ran into a buzzsaw.”
“Their arrogance about the way they approached the deal made it much harder for them than it had to be," LeRoy said. "If they had not preempted the City Council, if they had not expected those huge as-of-right incentives from the city, if they had not wired the thing for Cuomo to just run over the City Council, and actually talked to people in the neighborhoods, things might have played out very differently."
newyork  Power_materials  Pol.11  political_economy  Business  capitalism  Pol.12 
february 2019 by Jibarosoy
Capitalism Can’t Give Us Affordable Housing | Portside
What does this mean for housing? Creating and maintaining housing is decidedly not the primary goal of developers, construction firms, mortgage lenders, and landlords. Housing is just a convenient medium through which capital can reproduce itself — through which these developers, construction firms, lenders, and landlords can make more money.

While socialists challenge the profit motive in consumer and industrial production, from cars and computers to steel and soybeans, it is just as important that we challenge the profit motive in the realm of what’s called “social reproduction.”
housing  capitalism  Urban  political_economy  Power_in_America  development  Economics  marketing 
december 2018 by Jibarosoy
Want to Make Hunter-Gatherers Irrational? Expose Them to Free Markets - Evonomics
Apicella et al. ran their experiment on 91 Hadza Bushmen, who are among the last hunter-gatherer groups on the planet. In northern Tanzania, where they live, eco-tourism has created an almost-perfect sounding “natural experiment” to test for the effects of contact with modernity, the authors write. This is because some Hadza live near a major road, and have become assimilated into the tourist trade. During the three or four month high season for the tours, 10-20 cars per week will stop at Hadza camps, sometimes hiring Hadza men to take the visitors on hunts. Hadza in this area now make more bows and arrows than they need, so they can sell them to tourists, and they often drop in to a nearby village to buy things with the money they’ve been paid by the tour guides. On the other hand, Hadza who don’t live near the road see very few tourists and aren’t involved in that economy at all.
Pol.11  Pol.12  SON  Economics  Power_materials  marketing  capitalism  teaching_pol_theory 
december 2018 by Jibarosoy
From Recovery to Union Renewal | Portside
When I walked Woonsocket’s largely empty Main Street with its iconic “Bienvenu” sign and scattered former factories, therefore, it was with more than a detached analytic gaze. I spoke with many residents — sixty, so far — and asked them about things I knew: work, wages, unions, politics. Everyone had something to say.

Artie, a forty-eight-year-old out-of-work carpenter told me, “These are hard times, bro. I’ve probably built a million houses, I’ve been a productive part of society, and for what? Some fucking asshole up in Boca Raton?”

Theresa, a forty-two-year-old single mother who had escaped an abusive relationship only to find a cold shoulder on the job market relayed her experience: “I filled out an application and they weren’t hiring anybody who didn’t have a college degree. They wanted people who are ‘future-oriented,’ they don’t want riff-raffs.’’
Pol.11  Power_in_America  class  inequalities  marxism  capitalism  work  organizing 
november 2018 by Jibarosoy
American Foreign Policy for the 21st Century -2009
I want today to focus on six broad themes that I believe will shape the future of American foreign policy for a new era.

These themes -- the global war on terrorism, globalization, free markets, democracy, cultural and national identities, and American power -- define today’s international landscape. I hope you will leave here today believing, as I do, that these trends are all related and that one of the biggest changes in foreign policy over the last few years has been the end of our attempt to manage these things one at a time. We are required now to do so simultaneously.

The days are gone when leaders could spend Monday working on their democracy and Tuesday working on their economy and Wednesday working on their security and Thursday trying to figure out what their relationship is to globalization or what they intend to do to join the United States in the global fight against terrorism. Today, these jobs must be done simultaneously.

There can be no democracy without free markets. No free markets without the rule of law. The war on terror will not end our commitment to human rights; democracy, security and prosperity are the true antidotes to terrorism.

Opportunity

Before I talk about these six trends, and their connected opportunities and challenges, let's step back just a moment and recognize how far we have come. In 1946, not 150 miles from here, Winston Churchill named the Iron Curtain. It is gone. Surely we live in a world of challenges that can often seem overwhelming, but this is a world also facing enormous opportunity.

Secretary Powell tells this story about the end of the Cold War:

"...Communism is gone. Fascism is gone. There are other systems out there that are being tried, but what really works is democracy. Democracy puts you into the globalized system of trade and economic development and free economics that will bring the wealth needed to bring all people up."

How we take advantage of our opportunity and how we deal with the six trends I will propose to you in ways that promote the great purposes of America will define our success as a nation for the many years to come.

Let me now describe the first of those trends, the global war against terrorism and terrorism’s connection to weapons of mass destruction.
pol.12  state  Violence_y_Power  Power_in_America  international  Leadership  capitalism  military 
november 2018 by Jibarosoy
How Universal Basic Income Solves Widespread Insecurity and Radical Inequality - Evonomics
Hunter-gatherers deal with large game—chancy and producing a huge surfeit when it comes—by communal sharing. Even in the more private-property focussed Western societies, communal sharing is ubiquitous. Households, for example. If I buy a litre of milk, I don’t give my wife a bill at the end of the week for whatever she uses. Su casa es mi casa. Communal sharing or equality matching happens beyond households too. It is anathema to suggest that the residents of Summerhill Square might charge passersby for the air they breathe whilst walking through. Very few people think that those who pay more taxes should get more votes. When proposals are made to move a resource from the domain of the communally shared or equality- matched to the priced, there is outcry: witness the response that greets proposals for road tolls in places where use of the roads is currently free; or to charge money at the gates of the town park. The case for the UBI is the case for moving part—no means all—of our money the other way, out of conditionality and into the domain of the equality-matched. Getting your head around it involves framing your understanding of our current economic situation in such a way as to trigger the appropriate equality-matching intuitions. Here as in many other political domains, those who determine the framing of the problem get to have a big influence on the outcome.
Pol.11  SON  Power_materials  teaching_pol_theory  state  capitalism  policy  Latinos_y_Eco_Crisis 
november 2018 by Jibarosoy
Clever Corporate Criticism of U.S. Schools | Portside
At the present time there has been an increased, critical spotlight on capitalism. “Capitalism” is no longer the word that cannot be uttered. For example, inquiring about American views on capitalism and socialism, Gallup Poll found that a substantial percentage of Democrats/Leaners (57%) had a more positive view of socialism than of capitalism, with the most positive view expressed among Americans 18 to 29. While Americans overall have a positive view of capitalism, the rating has declined over the last eight years, positive rating the lowest since 2010. Again, most significantly, public conversations about “capitalism’s” benefits and harms are increasingly in public and political discourse. Recently, for example, Senator Elizabeth Warren introduced of the “Accountable Capitalism Act,” which raises questions about the interests corporations serve. Education activist organizations might do well working to create similar legislation.
Education  Education_reform  higher-education  LIU  Cline  inequalities  Business  capitalism 
september 2018 by Jibarosoy
Sweatshop - Games For Change
Through a series of thirty challenging levels players must balance the unreasonable demands of Boss, the temperamental factory owner and Boy, a gentle, hard-working child labourer. Together, the team must work to make the factory a roaring success supplying clothes to their ever-demanding retail clients.
The game presents a series of moral dilemmas to the player, who must juggle the needs of clients with the welfare of workers. Should you hire a fire officer to prevent the risk of workers dying horribly in an industrial blaze or pack them in to get the job done? Should you train workers to make them more efficient and satisfied or fire them when they lose a limb in an industrial accident?
Simulations  games  work  inequality  Power_in_America  Pol.11  capitalism  class 
september 2018 by Jibarosoy
Death by a Thousand Cuts: The Story of Privatizing Public Education in the USA | Portside
In a school voucher system, wealthy families can (and will) add as much money as they want to their vouchers to pay for their choice of schools; middle-income families will pull together whatever resources they can for the best schools in their price range. Low-income families without additional resources will “choose” schools charging the value of the voucher. Almost no higher-quality schools will be available because they will have no incentive except altruism to offer their products at the minimum price. (For example, the value of a government voucher for high school in Washington, D.C. in 2016-2017 was $12,679 while tuition at Washington’s elite private schools exceeded $40,000 a year. As a last resort, low-income families could choose a “government school.” For free-market ideologues, government schools are always a last resort and available to the poor.
capitalism  Education  Education_reform  Obama  Trump  Bush  inequalities  Power_in_America 
july 2018 by Jibarosoy
Academic Alienation: Freeing Cognitive Labor From the Grip of Capitalism | Portside
In its business-savvy state of mind, the corporate university has managed to turn these negative experiences of individuation and competition into an asset. Discounting the anguishing effect it produces on academic workers, universities positively highlight the flexible nature of academic labor. This type of work, which is highly personalized and specialized — a long-term effect of Taylorism — does not necessarily require a generalized 9-to-5 employment scheme but allows the neoliberal university to operate on “flexitime.”

At first glance, this may appear to be part of a noble pursuit of granting employees non-traditional work arrangements that can accommodate individual lifestyles (transportation schedules, childcare, workout routines, etc.) to achieve a healthy work/life balance. In reality, however, flexitime often means nothing other than a non-stop work schedule. In the neoliberal knowledge economy, most academics find themselves under immense pressure to meet standardized performance criteria, focusing much of their energy on the marketability of their work. These intellectual workers don’t clock out after an 8-hour day, and many are in fact running on a 24/7 schedule. For them, there is no end to the workday and no more life outside of work.
LIU  higher-education  capitalism  work  class  inequalities  Power_in_America  marxism 
june 2018 by Jibarosoy
If the Robots Come for Our Jobs, What Should the Government Do? - The New York Times
This set of proposals is based on the idea that the emerging wave of digital disruption won’t result in a permanent loss of demand for workers, but rather shifts in what types of work the economy needs. It’s not unlike early 20th-century America’s shift from an agricultural economy to an industrial one, or its shift from an industrial to an information economy over the last half-century.

In this context, the goal is not to stymie that evolution, but to try to tilt the balance toward workers as the transition takes place. “We want a growing, robust economy,” Mr. Paul said. “We just need proper policies in place to ensure that workers don’t bear the burden of that transition.”

While these ideas are coming from a decidedly left-of-center place, it’s striking how some of them overlap with the goals of centrist business interests and even some conservative thinkers.
IPE  work  Technology  capitalism  Economics  coop  policy  Trump 
june 2018 by Jibarosoy
Noam Chomsky's Political Analysis Comes to Life in Graphic Novel
Alienation is a key concept here, and while not specifically taken up as a term in the book, nevertheless still underlines much of our conversation. Chomsky at one point reflects on the ways consumerism works to mold individuals. He discusses how our society is geared toward individuals creating meaning in their lives through the consumption of products. This impacts the possibility for change, as it directs peoples’ energies toward obtaining things rather than building communities based around ideas of mutual aid and solidarity.
Angelo  capitalism  inequality  Power_in_America  Shopping  marxism  political_theory  political_economy 
june 2018 by Jibarosoy
Origins of an Epidemic: Purdue Pharma Knew Its Opioids Were Widely Abused - The New York Times
But a copy of a confidential Justice Department report shows that federal prosecutors investigating the company found that Purdue Pharma knew about “significant” abuse of OxyContin in the first years after the drug’s introduction in 1996 and concealed that information.

Company officials had received reports that the pills were being crushed and snorted; stolen from pharmacies; and that some doctors were being charged with selling prescriptions, according to dozens of previously undisclosed documents that offer a detailed look inside Purdue Pharma. But the drug maker continued “in the face of this knowledge” to market OxyContin as less prone to abuse and addiction than other prescription opioids, prosecutors wrote in 2006.
Violence_y_Power  Business  Trump  Economics  capitalism  drugs 
may 2018 by Jibarosoy
The CEO of Sears Fails His Company by Believing in Ayn Rand and the Invisible Hand - Evonomics
But individual organisms are not the highest level of organization. In a few species – such as bees, ants, and humans – evolution created innovations that allow groups of thousands or millions of individuals to work together toward common goals and build gigantic corporate entities, such as beehives, ant nests, and… corporations such as Sears, which thrive and cover the earth because they reap the benefits of the division of labor.

This is the point that Lampert seems not to have grasped: cooperation and trust generate extraordinary value, yet they are fragile and easily undermined by competition at the next-lower level. It’s as though there’s an invisible band, which ties all the members together and motivates them to work for the common good. But if you tell everyone to be selfish and then you reward selfishness, the band dissolves and you lose the benefits of cooperation and division of labor.
Passions  reasoning  capitalism  inequalities  LIU  Cline  Power_materials 
may 2018 by Jibarosoy
Education Department Unwinds Unit Investigating Fraud at For-Profits - The New York Times
Aaron Ament, a former chief of staff to the office of the department’s general counsel who helped create the team under President Barack Obama, said it had been intended to protect students from fraudulent for-profit colleges. “Unfortunately, Secretary DeVos seems to think the colleges need protection from their students,” said Mr. Ament, who is now president of the National Student Legal Defense Network.

Senator Elizabeth Warren, a Democrat from Massachusetts, also criticized the team’s new direction. Ms. DeVos has taken a number of actions to roll back or delay regulations that sought to rein in abuses and predatory practices among for-profit colleges — actions that Ms. Warren and other Democrats have said put the industry’s interests ahead of those of students.
LIU  Cline  higher-education  Profit  capitalism  Business  inequalities 
may 2018 by Jibarosoy
Betsy DeVos just got exposed for sabotaging the Education Department's investigation into for-profit colleges
Sen. Elizabeth Warren (D-Mass) pointed out that the marginalization of the investigative unit is just one of many of DeVos’ decisions to roll back Obama-era regulations that are meant to protect students from the for-profit college industry. “Secretary DeVos has filled the department with for-profit college hacks who only care about making sham schools rich and shutting down investigations into fraud,” Warren told the Times.

DeVry settled two lawsuits in 2016, one with the Federal Trade Commission for misleading students and one with the Education Department for fraudulent claims about graduation success rates. But the investigative unit continued to look into other claims made by the institution.
LIU  Cline  higher-education  capitalism  Profit  liberal_arts 
may 2018 by Jibarosoy
Average American worker takes less vacation than a medieval peasant - Business Insider
Go back 200, 300, or 400 years and you find that most people did not work very long hours at all. In addition to relaxing during long holidays, the medieval peasant took his sweet time eating meals, and the day often included time for an afternoon snooze.
"The tempo of life was slow, even leisurely; the pace of work relaxed," notes Shor. "Our ancestors may not have been rich, but they had an abundance of leisure."
Pol._11  pol.639  IPE  work  capitalism  Power_materials 
may 2018 by Jibarosoy
Opinion | How Democracy Became the Enemy - The New York Times
“The danger is threatening us from the West,” Orban, who has been in power for eight years and is seemingly headed for re-election Sunday, said in February. “This danger to us comes from politicians in Brussels, Berlin and Paris.”

To counter it, the Hungarian prime minister has established a template: Neutralize an independent judiciary. Subjugate much of the media. Demonize migrants. Create loyal new elites through crony capitalism. Energize a national narrative of victimhood and heroism through the manipulation of historical memory. Claim the “people’s will” overrides constitutional checks and balances.

And, lo, the new Promised Land: competitive authoritarianism, a form of European single-party rule that retains a veneer of democracy while skewing the contest sufficiently to ensure it is likely to yield only one result.
Image
pol.639  state  Power_materials  Violence_y_Power  capitalism  law  IPE  political_economy  international 
april 2018 by Jibarosoy
Achieving Sustainable Development Goals through Inclusive Green Growth - PBL Netherlands Environmental Assessment Agency
Sustainable development implies that growth is both inclusive and green. Economic growth is essential for the alleviation of poverty. Climate change, ecosystem degradation, resource depletion and biodiversity loss illustrate that current economic growth is not green. Nor is it always inclusive; persistent poverty and inequality in countries with fast growing economies are the very example that economic growth alone is not enough. The poor tend to benefit the least from economic growth, due to unequal access to assets, opportunities and decision-making processes. Distributing the benefits of economic growth thus often requires institutional change.

Stimulating Inclusive Green Growth requires that the market and governance failures underlying current non-inclusive and non-green growth pathways are adequately addressed. This implies attention for the factors causing the poorest to be excluded from economic development, and those causing the degradation and depletion of natural capital, including unregulated use of the commons, under appreciation of the value of ecosystems and ignorance of the future benefits of natural capital use.
pol.639  economy  inequalities  development  IPE  state  capitalism  international  political_economy 
april 2018 by Jibarosoy
Why we misunderstand capitalism – The Physics of Finance – Medium
Capitalism’s great power in creating prosperity comes from the evolutionary way in which it encourages individuals to explore the almost infinite space of potential solutions to human problems, and then scale up and propagate ideas that work, and scale down or discard those that don’t. Understanding prosperity as solutions, and capitalism as an evolutionary problem-solving system, clarifies why it is the most effective social technology ever devised for creating rising standards of living.
pol.639  capitalism  social  creativity  logic  Power_materials  Economics  IPE  political_economy 
march 2018 by Jibarosoy
The World Economy, 1-2001 AD
Tables HS–8 show levels of population, GDP and per capita GDP in 20 countries, 7 regions and the world for eight benchmark years in the past two millennia. There are also 5 analytical tables showing rates of growth and shares of world population and GDP. HS–7 explained the derivation of estimates for 1950–2001. Earlier than this, it is useful to distinguish between estimates for 1820–1950 and those for the centuries before 1820 where the documentation is weaker and the element of conjecture bigger.
economy  pol.639  work  GDP  state  capitalism  feudalism 
march 2018 by Jibarosoy
Capitalism Redefined : Democracy Journal
How can it be that great wealth is created on Wall Street with products like credit-default swaps that destroyed the wealth of ordinary Americans—and yet we count this activity as growth? Likewise, fortunes are made manufacturing food products that make Americans fatter, sicker, and shorter-lived. And yet we count this as growth too—including the massive extra costs of health care. Global warming creates more frequent hurricanes, which destroy cities and lives. Yet the economic activity to repair the damage ends up getting counted as growth as well.
capitalism  Economics  democracy  inequalities  Power_in_America  pol.639 
march 2018 by Jibarosoy
Is Bitcoin a Waste of Electricity, or Something Worse? - The New York Times
But Bitcoin remains so hard to use that a major Bitcoin conference in January had to stop accepting Bitcoin. It is, in practice, a speculative investment, like gold. And Tyler Cowen, an economist at George Mason University, said mining gold was a better use of resources, because even if it lost value, it could be used to fill teeth.

“Once the Bitcoin power is burned, it is never coming back,” he said.

Colin L. Read, the mayor of Plattsburgh, N.Y., also sees it as a public nuisance. The city was guaranteed a fixed supply of cheap electricity as part of the construction of power-generating dams on the St. Lawrence in the 1950s. Bitcoin mining companies are plugging into that power supply like a swarm of hungry mosquitoes.

Mr. Read said that Bitcoin mining now consumes about 10 percent of the city’s power, and that is forcing Plattsburgh to buy a growing amount of extra electricity on the open market, at rates up to 100 times higher than its base cost.
pol.639  IPE  political_economy  economy  productivity  capitalism  marketing 
march 2018 by Jibarosoy
Managed by Q’s ‘Good Jobs’ Gamble - The New York Times
The company pays its staff, like Garcia, considerably more than prevailing market rates not solely because its founders want to be kind to them, but because Teran sees it as crucial to his business model. Teran believes that most American businesses, and especially fast-growing start-ups like Uber, have mistaken short-term gains for long-term value, undercutting the share of revenue that flows to workers in a way that will perversely hurt their bottom line. He believes, even more radically, that decades of rising inequality and stagnant wages in America are not an inevitable byproduct of capitalism; instead, they come from a simple misunderstanding about how best to deploy workers and recognize the value they bring to a company. The future of jobs in the United States would be very different if Teran’s ideas catch on. But first, of course, he has to prove that they actually work.
work  inequality  capitalism  Latinos_y_Eco_Crisis  Reform  Power_materials  thesis 
february 2018 by Jibarosoy
How Hunter-Gatherers May Hold the Key to our Economic Future - Evonomics
“Imagine a society in which the work week seldom exceeds 19 hours, material wealth is considered a burden, and no one is much richer than anyone else”, gushed Time Magazine in an editorial about the Bushmen in November 1969, “The people are comfortable, peaceable, happy and secure…This Elysian community actually exists.”
SON  state  Economics  capitalism  Power_materials  Violence_y_Power  pol.639  Pol._11 
february 2018 by Jibarosoy
Why do so many Mexican immigrants come to the United States? | Immigrant Connect
What is seldom expressed in the polarized and inflammatory political discourse is that US policies have contributed to some of the reasons Mexicans feel forced to leave their native country and opt to live in the US. In seeking asylum, Arellano cites these factors, along with her fears of returning to Mexico where she says her political activism has put her at risk. As she awaits her asylum hearing, her concerns about being deported again have been stoked by the Trump administration’s avowed commitment to step up enforcement and target a larger pool of immigrants for removal, according to a Chicago Tribune story, “Immigration activist Arellano faces ICE check-in, worries about deportation.”

Arellano points to the North American Free Trade Agreement (NAFTA), the agreement that President Trump has called the “worst trade deal in history” and pledged to end it or renegotiate it, as affecting the agriculture of her country and her family’s land. NAFTA displaced more than five million agricultural workers from the land that they had lived for years, according to Walter Coleman, a pastor of the church where Arellano was given sanctuary for a year in the 1980s. In Mexico, Arellano’s father lost his ability to grow corn on his land. When the family land was passed down to Arellano, she did not have the resources to maintain it and ended up losing her job because of the devaluation of the peso, which as she says, was caused by US banks.
Latinos_y_Eco_Crisis  immigration  Trump  colonialism  inequality  capitalism  Power_materials 
february 2018 by Jibarosoy
19 Reasons Latin Americans Come To The U.S. That Have Nothing To Do With The American Dream | HuffPost
One of the things that prompted millions of low-wage workers to abandon Mexico over the last two decades was the signing of the North American Free Trade Agreement in 1994. With NAFTA, cheap imports, particularly agricultural products, flooded the Mexican market, leaving farmers and other low-skilled workers without jobs. NAFTA is just one manifestation of free trade policies pushed in Washington that often have adverse effects in Latin American countries. Former U.S.

President Bill Clinton acknowledged as much after Haiti’s devastating 2010 earthquake, saying that opening up the Haitian market to cheap U.S. rice “may have been good for some of my farmers in Arkansas, but it has not worked ... I had to live everyday with the consequences of the loss of capacity to produce a rice crop in Haiti to feed those people because of what I did, nobody else.”
Latinos_y_Eco_Crisis  colonialism  capitalism  Poverty  political_economy  IPE  Food  inequality  Power_materials 
february 2018 by Jibarosoy
Blog: The business of moral capitalism
Laws here mean something. When you put your money into this economy, you’re counting on the fact that the law treats everyone equally. Without that … with a thing that happens, like the immigrant visa ban, where a lawful permanent resident of the United States can be banned from coming here — and yes it’s been walked back —but when that happens, without recourse to Congress of the courts, then a stock or a bond is just a piece of paper. And that is just bad for the entire capitalist system that this country has been developed on. And I don't know where we go with that.
capitalism  law  pol.639  Pol._185  political_economy  IPE  Power_in_America  Economics  politics 
february 2018 by Jibarosoy
Why Nations Fail - Wikipedia
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a non-fiction book by Turkish-American economist of Armenian descent Daron Acemoglu from the Massachusetts Institute of Technology and British political scientist James A. Robinson from the University of Chicago.

The book applies insights from institutional economics, development economics and economic history to understand why nations develop differently, with some succeeding in the accumulation of power and prosperity and others failing, via a wide range of historical case studies.

The authors also maintain a website (with a blog inactive since 2014) about the ongoing discussion of the book.
pol.639  IPE  international  capitalism  state  Economics  politics  revolution 
january 2018 by Jibarosoy
Reply to Acemoglu and Robinson’s Response to My Book Review — Jeffrey Sachs
Daron Acemoglu and James Robinson (AR) have replied to my review of Why Nations Fail that appeared in Foreign Affairs.  I thank them for their response, even if their tone was a bit surprising.  My initial review of their book was for a general readership, so I stayed away from the journal articles on which the book is based.  Their response provides the opportunity to delve more deeply into these underlying studies.
pol.639  IPE  Economics  development  Power_materials  state  capitalism 
january 2018 by Jibarosoy
No Wonder Millennials Hate Capitalism - The New York Times
Millennials, a generation maligned as entitled whiners, would be particularly hard hit. As Ronald Brownstein argued in The Atlantic, the rich people who would benefit from the measures passed by the House and the Senate tend to be older (and whiter) than the population at large. Younger people would foot the bill, either through higher taxes, diminished public services or both. They stand to inherit an even more stratified society than the one they were born into.
capitalism  tax  inequality  GOP  Trump  Power_in_America  Economics 
december 2017 by Jibarosoy
How We're Wrecking Our Feet With Every Step We Take -- New York Magazine
Well, I’m afraid I have some bad news for you: You walk wrong.

Look, it’s not your fault. It’s your shoes. Shoes are bad. I don’t just mean stiletto heels, or cowboy boots, or tottering espadrilles, or any of the other fairly obvious foot-torture devices into which we wincingly jam our feet. I mean all shoes. Shoes hurt your feet. They change how you walk. In fact, your feet—your poor, tender, abused, ignored, maligned, misunderstood feet—are getting trounced in a war that’s been raging for roughly a thousand years: the battle of shoes versus feet.
shoes  feet  Shopping  Health  capitalism 
september 2017 by Jibarosoy
A Brief History of American Health Reform | Portside
The insurance industry, for its part, dug in hard. The counter-offensive, spearheaded by Prudential’s Frederick Hoffman, was animated in equal parts by the industry’s anxiety over creating a regulatory precedent and by Hoffman’s conviction that “lesser races” were uninsurable. Major insurance firms (led by Prudential and Metropolitan) sought common cause with employers and doctors, and bankrolled a furious publicity campaign that (with a boost from American entry into World War I) successfully portrayed the pursuit of health security as “UnAmerican, Unsafe, Uneconomic, Unscientific, Unfair, and Unscrupulous.”
Passions  reasoning  inequality  Power_in_America  Health  policy  capitalism 
august 2017 by Jibarosoy
Book Review: "In Good Company: How Social Capital Makes Organizations Work
Social capital makes an organization, or any cooperate group, more than a collection of individuals intent on achieving their own private purposes. Social capital bridges the space between people. Its characteristic elements and indicators include high levels of trust, robust personal networks and vibrant communities, shared understandings, and a sense of equitable participation in joint enterprise—all things that draw individuals together into a group.
The main point of this book is that social capital exists in every organization or community, but in widely varying amounts. It can be depleted or enhanced, squandered or invested in. That social capital generates economic returns is one of the underlying messages of this book. Without social capital, organizations and communities cannot function. Social capital can benefit organizations and communities through better knowledge sharing due to trust relationships, lower transactions costs due to a cooperative spirit, lower turnover rates and greater coherence of action due to shared understanding.
Hayduk  capitalism  Power_materials  work  Business  social  Latinos_y_Eco_Crisis  Latino_achievements 
july 2017 by Jibarosoy
A Future Beyond Capitalism, Or No Future At All | Portside
Because let’s be clear: That’s what capitalism is, at its root. That is the sum total of the plan. We can see this embodied in the imperative to grow GDP, everywhere, year on year, at a compound rate, even though we know that GDP growth, on its own, does nothing to reduce poverty or to make people happier or healthier. Global GDP has grown 630% since 1980, and in that same time, by some measures, inequality, poverty, and hunger have all risen.

Just look at the recent case involving American Airlines. Earlier this year, CEO Doug Parker tried to raise his employees salaries to correct for “years of incredibly difficult times” suffered by his employees, only to be slapped down by Wall Street. The day he announced the raise, the company’s shares fell 5.8%. This is not a case of an industry on the brink, fighting for survival, and needing to make hard decisions. On the contrary, airlines have been raking in profits. But the gains are seen as the natural property of the investor class. This is why JP Morgan criticized the wage increase as a “wealth transfer of nearly $1 billion” to workers. How dare they?
capitalism  Economics  inequality  Power_materials  marxism  teaching_pol_theory  Pol.11 
july 2017 by Jibarosoy
Indian Technology Workers Worry About a Job Threat: Technology - The New York Times
But the global tech industry is increasingly relying on automation, robotics, big data analytics, machine learning and consulting — technologies that threaten to bypass and even replace Indian workers. For example, automated processes may soon replace the kind of work Mr. Choudhari was performing for foreign clients, which involved maintaining software by occasionally plugging in simple code and analyzing data.

“What we’re seeing is an acceleration in shedding for jobs in India and an adding of jobs onshore,” said Sandra Notardonato, an analyst and research vice president for Gartner, a research and advisory company. “Even if these companies don’t have huge net losses, there’s a person who will suffer, and that’s a person with a limited skill set in India.”
economy  Latinos_+_TW  Latinos_y_Eco_Crisis  Technology  capitalism 
july 2017 by Jibarosoy

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