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Mostrando las entradas etiquetadas como Economics

Mission Economy: A Moonshot Guide to Changing Capitalism

  Mission Economy: A Moonshot Guide to Changing Capitalism Mariana Mazzucato We live in an era in which capitalism is in crisis and a flawed ideology about the role of government has infiltrated our expectations of what it can do and thus what other actors can do in partnership with government ...to change capitalism, we must therefore change the interrelationships between government, business and civil society, especially the underlying power relationship. There are a variety of different forms of capitalism and we have the wrong one.      .

What Money Can't Buy: The Moral Limits of Markets

  What Money Can't Buy: The Moral Limits of Markets Michael J. Sandel Most of our political debates today are conducted in these terms - between those who favor unfettered markets and those who maintain that market choices are free only when they're made on a leveled playing field, only when the basic terms of social cooperation are fair. But neither of these positions helps us explain what's troubling about a world in which market thinking and market relationships invade every human activity. To describe what's disquieting about this condition we need the moral vocabulary of corruption and degradation, and to speak of corruption and degradation is to appeal, implicitly at least, to conceptions of the good life.  

Overheated: How Capitalism Broke the Planet--And How We Fight Back

  Overheated: How Capitalism Broke the Planet--And How We Fight Back Kate Aronoff Neoliberals have always operated within a world of contradictions, arguing in public that the market offers freedom and that it needs to be insulated from democracy, painting the marker as a natural part of human existence while pushing to pass policies that keep it functional. Just like climate denial, there are some dupes who truly believe in laissez-faire and the invisible hand but the real movers and shakers have always been more pragmatic than dogmatic.    

The Divide: A Brief Guide to Global Inequality and its Solutions

  The Divide: A Brief Guide to Global Inequality and its Solutions Jason Hickel Economists often speculate that the Global South failed to develop because of a lack of capital. But there was no such lack. The wealth that might have provided the capital for development -precious metals in Latin America and surplus labor in Africa- was effectively stolen by Europe and harnessed to the service of Europe's own development. The Global South could theoretically have developed as Europe did were it not for the plunder of its resources and labor and were it not for the fact that it was forced by Europe to supply raw materials while importing manufactured goods. Whether or not they would or should have done so is another matter of course. After all, much of European-style development required violence towards other lands and other peoples, but the point remains. It is impossible to examine the economic growth of the West without looking at the base on which it drew.  

The Hidden Wealth of Nations: The Scourge of Tax Havens

  The Hidden Wealth of Nations: The Scourge of Tax Havens Gabriel Zucman In the end, the taxes that are evaded have to be compensated for by higher taxes on the law-abiding, often middle class households, in the United States, Europe and developing countries. Nothing in the logic of free exchange justifies this theft.  

23 Things They Don't Tell You About Capitalism

  23 Things They Don't Tell You About Capitalism Ha-Joon Chang Once you know that there is really no such thing as a 'free market', you won't be deceived by people who denounce a regulation on the grounds that it makes the market unfree. When you learn that large and active governments can promote rather than dampen economic dynamism, you will see that the widespread distrust of government is unwarranted. Knowing that we do not live in a post-industrial knowledge economy will make you question the wisdom of neglecting, or even implicitly welcoming, industrial decline of a country, as some governments have done. Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich for what they are: a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.  

The Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet

  The Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet Noam Chomsky,    Robert Pollin The core of the global green new deal is to advance a global project to hit these IPCC targets and to accomplish this in a way that also expands decent job opportunities and raises mass living standards for working people and the poor throughout the world. It is that simple.  

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

  Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Ha-Joon Chang So the two champions of free trade, Britain and the US, were not only not free trade economies, but have been the two most protectionist economies among rich countries, i.e. until they each in succession became the world's dominant industrial power. Unlike what neo-liberals say, market and democracy clash at a fundamental level. Democracy runs on the principle of 'one man (one person), one vote'. The market runs on the principle 'one dollar, one vote'.  

The Value of Everything: Making and Taking in the Global Economy

  The Value of Everything: Making and Taking in the Global Economy Mariana Mazzucato In essence, we behave as economic actors according to the vision of the world of those who device the accounting conventions. The marginalist theory of value underlying contemporary national accounting systems leads to an indiscriminate attribution of productivity to anyone grabbing a large income and downplays the productivity of the less fortunate. In so doing, it justifies excessive inequalities of income and wealth and turns value extraction into value creation.

The Great Divide: Unequal Societies and What We Can Do About Them

  The Great Divide: Unequal Societies and What We Can Do About Them Joseph E. Stiglitz Wealth begets power which begets more wealth. Economic and geographic segregation have immunized those at the top from the problems of those down below. Like the kings of yore, they have come to perceive their privileged positions essentially as a natural right.  

Globalization and its Discontents

  Globalization and its Discontents Joseph E. Stiglitz The global protest over globalization began at the WTO meetings in Seattle, WA, because it was the most obvious symbol of the global inequities and the hypocrisy of the advanced industrial countries.