dunnettreader + crony_capitalism   4

Jeffrey Edward Green - Rawls and the Forgotten Figure of the Most Advantaged: In Defense of Reasonable Envy toward the Superrich (2013) | American Political Science Review on JSTOR
This article aims to correct the widespread imbalance in contemporary liberal thought, which makes explicit appeal to the "least advantaged" without parallel attention to the "most advantaged" as a distinct group in need of regulatory attention. Rawls's influential theory of justice is perhaps the paradigmatic instance of this imbalance, but I show how a Rawlsian framework nonetheless provides three justifications for why implementers of liberal justice—above all, legislators—should regulate the economic prospects of a polity's richest citizens: as a heuristic device for ensuring that a system of inequalities not reach a level at which inequalities cease being mutually advantageous, as protection against excessive inequalities threatening civic liberty, and as redress for a liberal society's inability to fully realize fair equality of opportunity with regard to education and politics. Against the objection that such arguments amount to a defense of envy, insofar as they support policies that in certain instances impose economic costs on the most advantaged with negative or neutral economic impact on the rest of society, I attend to Rawls's often overlooked distinction between irrational and reasonable forms of envy, showing that any envy involved in the proposed regulation of the most advantaged falls within this latter category. - downloaded via iphone to dbox
politics-and-money  political_participation  inequality-wealth  regulatory_capture  political_philosophy  political_culture  tax_havens  Early_Republic  inequality  estate_tax  intellectual_history  inheritance  republicanism  Plato-Republic  elites-political_influence  Jefferson  Harrington  crony_capitalism  Europe-Early_Modern  fairness  article  Aristotle  social_capital  social_theory  Rawls  social_democracy  Machiavelli  Plato  inequality-opportunity  jstor  bibliography  ancient_Rome  regulation  justice  liberalism  egalitarian  regulatory_avoidance  interest_groups  legitimacy  deliberative_democracy  political_history  class_conflict  downloaded  education-elites  social_order  elites-self-destructive  Roman_Republic  ancient_Greece  republics-Ancient_v_Modern 
july 2017 by dunnettreader
Hyeng-Joon Park - Korea’s Post-1997 Restructuring: An Analysis of Capital as Power | forthcoming in Review of Radical Political Economics (2015) pp. 1-44 | bnarchives
This paper aims to transcend current debates on Korea’s post-1997 restructuring, which rely on a dichotomy between domestic industrial capital and foreign financial capital, by adopting Nitzan and Bichler’s capital-as-power perspective. Based on this approach, the paper analyzes Korea’s recent political economic restructuring as the latest phase in the evolution of capitalist power and its transformative regimes of capital accumulation. -- Keywords: differential accumulation dominant capital chaebols transnationalization strategic sabotage -- Subjects: BN State & Government, BN Institutions, BN Power, BN International & Global, BN Region - Asia, BN Business Enterprise, BN Value & Price, BN Crisis, BN Production, BN Conflict & Violence, BN Money & Finance, BN Distribution, BN Comparative, BN Capital & Accumulation, BN Policy, BN Class, BN Labour, BN Growth -- downloaded from author's blog to Note
article  international_political_economy  capital_as_power  globalization  Korea  East_Asia  20thC  21stC  economic_history  1990s  2000s  2010s  Asian_crisis  Asia_Pacific  international_finance  FDI  finance_capital  financialization  emerging_markets  oligopoly  chaebols  crony_capitalism  industry  production  capitalism  capitalism-systemic_crisis  capitalization  accumulation  distribution-income  distribution-wealth  cross-border  trade  productivity-labor_share  class_conflict  labor_share  Labor_markets  unions  violence  economic_growth  sabotage-by_business  business-and-politics  business-norms  power-asymmetric  public_policy  public_goods  corporate_finance  corporate_ownership  investment  banking  political_culture  economic_culture  economic_reform  economic_policy  democracy  opposition  downloaded  EF-add 
october 2014 by dunnettreader
Chris Dillow - Stumbling and Mumbling: Am I a Tory? - July 2014
Am I a Tory, or is Jesse Norman a socialist? I'm prompted to ask because the other day he reminded me of his superb lecture (pdf) on Burke and Oakeshott. What I mean is that, as Jesse says, both men, in their different ways, supported tradition against rationalism. This anti-rationalism, says Jesse, is "one of the central intellectual roots of conservatism through the ages." -- Jesse continues: Rationalism can be seen in totalitarian societies, which seek to capture and organize the staggeringly diverse potential of human beings, and frame it on some Procrustean bed". It certainly can. But for me, managerialist rationalism is also totalitarian, in the sense both that it wants to extend to places such as universities where it is unwarranted, and that it seeks to suppress diversity in favour of conformist careerism. So, it seems that me, Jesse, Burke and Oakehott have much in common. And, indeed, Jesse is well aware (pdf) that crony capitalism and excessive CEO pay are inconsistent with conservative tradition he praises. -- downloaded pdfs
political_economy  political_philosophy  political_culture  conservatism  Tories  Burke  Oakeshott  MacIntyre  managerialism  totalitarian  ideology  capitalism  power  crony_capitalism  corporate_governance  rationalist 
july 2014 by dunnettreader
Italian business: No way back (from crony capitalism) | FT.com August 2013
Northern Italy "friends and family" system of interlocking cross-holdings and outsized influence is being unwound as the ongoing crisis threatens contagion via ownership webs. Some guys fired, some unwinding like Fiat (except for its media holdings eg Corriere della Sera), and now some arrests. Will Italy adopt French model (protecting national priorities) or British (free market with governance norms) or Wild West by default? Or what's not listed as an option, reconfiguring the old game of insider power, just now with a new cast of characters.
Italy  business  corporate_governance  corruption  plutocracy  competition  crony_capitalism 
august 2013 by dunnettreader

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