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ntarkoff

Everyday Life In North Korea : NPR - 4 views

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    Interview with Sokeel Park, director of a research and strategy group that aids refugees from North Korea, sheds light on the lives of ordinary North Koreans. He illuminates that North Korea is becoming increasingly more capitalistic in an attempt to lessen their isolation; however, this is all happening under the nose of the North Korean government. Correction: North Korea becomes increasingly capitalistic out of necessity: occurred because the North Korean economy was failing -- North Koreans needed food so they smuggled it into the country. As a result, the North Koreans became less isolated from the outside world. A decrease in isolationism and an increase in capitalism happened independently. -thanks miles
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    I think that the previous comment seems to make assumptions that were not made in the actual article. The article says that due to an economic collapse, some North Koreans have been becoming more capitalistic while simultaneously they have been exposed to more out side media making them less isolated. The previous comment seems to make it seem that the increased capitalism leads to this increased isolation, which is making a inference not stated or explored in the article.
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    With all the focus on North Korean Politics and threats it is interesting to hear about culture and day to day life. With spreading capitalism and western influence in the millennial generation, it gives me hope that there could be change from within North Korea. Granted, the article mentions that no organized resistance exists but I believe it starts with the culture and the proliferation of ideas.
jalene2021

'Disgraceful': World reacts as Trump supporters storm US Capitol | US & Canada News | A... - 0 views

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    This article from Aljazeera summarizes the response from world leaders with regards to today's attack on capital hill. In general, they all expressed similar sentiments that seemed to condemn the acts of violence, support a peaceful transition of power, and hope America is able to return to being a "temple of democracy."
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    It is interesting to see such a contrast in rhetorics from outside the US and within. Even after the capital was secured 6 republican senators continued to try and block certification.
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    I think the fact that other world leaders have to wish for a non violent transition of power shows that America is not a "temple of democracy." Like Ethan said, 6 senators tried to block certification of Joe Biden as the president elect, also showing that democracy in America is struggling
Kay Bradley

Yet Another Covid Victim: Capitalism - The New York Times - 0 views

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    Interview with Joseph Stiglitz, famous and well-respoected economist
Kay Bradley

The Political Economy of Venezuela and PDVSA - Georgetown Journal of International Affairs - 1 views

  • Under the direction of Luis Giusti in the 1994-1998 period, PDVSA’s production soared. This trend changed in 1999, when Hugo Chavez became Venezuela’s president and introduced Chavismo as the guiding economic doctrine.
  • Chavez responded by purging PDVSA of its professionals en masse, replacing them with “reliable” hands—those loyal to Chavez’s socialist regime.
  • This trend has left Venezuela’s output drastically lower than when Chavez took power in 1999.
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  • with capital expenditures far below the value of equipment that is being consumed each year by depreciation and amortization.
  • On top of PDVSA’s reduced capital stock and its deteriorating quality, there has also been a drop in the stock and quality of its human capital.
  • It is important to note that PDVSA’s decreased output is not due to dwindling oil reserves,
  • Venezuela’s reserves—which are the world’s largest, at 9.26 billion barrels
  • At the end of 2018, Exxon’s depletion rate was 6.74 percent per year—a rate comparable to that realized by most major oil companies. That rate implies that it would take 9.9 years for Exxon’s oil reserves to be halfway depleted. That is 370.5 years earlier than when PDVSA would deplete half of its reserves
  • The country with the world’s largest oil reserves, Venezuela is plagued by a mismanaged, state-owned oil company in a death spiral—PDVSA.
Nicholas Hirsch

Wall Street Protests Spread to Four Continents, Arrests Climb - 0 views

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    As occupy Wall Street protests spread across the globe, arrests rise in response to increased violence and disorderly conduct. In objection to the inequality of capitalism, protestors have taken to the streets in order to get their message across. The movement has spread to London, Rome, Hong Kong, Chicago, and more. Frustration at the current system has caused many protestors to seek more extreme ways to ge their message across, which in turn has led to more arrests.
sharadm2018

For Iraq's Long-Suffering Kurds, Independence Beckons - The New York Times - 4 views

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    As the article mentions, the Kurds are considered the largest ethnic group without a homeland. For the Kurds to finally get their own country would be momentous for them, but many external forces are opposing the vote for secession. Considering the fragility of the Middle East right now, I am very intrigued by this vote in Iraq and what the repercussions could be. 
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    What seems to be long awaited independence for the Kurds from Iraq after Saddam Hussein's atrocities is in trouble because of external worries. Many countries fear a split in Iraq could result in a civil war. In addition, the independent Kurdish state is 20 billion dollars in debt. However, a referendum similar to Brexit will be held soon. The result will not be recognized by the capital Baghdad.
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    I wonder what the discussion of the rise of other oil states has been like in the context of negotiations for the creation of an independent Kurdish state with Kurkuk's oil resources. Especially with the large number of other new governments formed that grew to power with stakes in the oil industry but ended with large amounts of corruption and class divide, I'm curious to know how the Kurds that have been involved in negotiations plan to avoid these pitfalls.
Kay Bradley

Moaning Moguls | The New Yorker - 0 views

  • In the past year, the venture capitalist Tom Perkins and Kenneth Langone, the co-founder of Home Depot, both compared populist attacks on the wealthy to the Nazis’ attacks on the Jews.
  • recent work by the economists Emmanuel Saez and Thomas Piketty showed that ninety-five per cent of income gains in the first three years of the recovery went to the top one per cent—a lot of them believe that they’re a persecuted minority.
  • Business leaders were upset at the criticism that followed the financial crisis and, for many of them, it’s an article of faith that people succeed or fail because that’s what they deserve.
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  • If you believe that net worth is a reflection of merit, then any attempt to curb inequality looks unfair.
  • as a classic analysis by the historian James Weinstein showed, the reforms were intended to co-opt public pressure and avert more radical measures
  • they sprang from a pragmatic belief that the robustness of capitalism as a whole depended on wide distribution of the fruits of the system.
  • Committee for Economic Development, which played a central role in the forging of postwar consensus politics, accepting strong unions, bigger government, and the rise of the welfare state.
  • The C.E.D. called for tax increases to pay for the Korean War and it supported some of L.B.J.’s Great Society
  • As Mizruchi put it, “They believed that in order to maintain their privileges, they had to insure that ordinary Americans were having their needs met
  • That all changed beginning in the seventies, when the business community, wrestling with shrinking profits and tougher foreign competition, lurched to the right
  • Today, there are no centrist business organizations with any real political clout, and the only business lobbies that matter in Washington are those pushing an agenda of lower taxes and less regulation. Corporate profits and C.E.O. salaries have in recent years reached record levels, but there’s no sign of a return to the corporate statesmanship of the past (the occasional outlier like Warren Buffett notwithstanding)
  • In the postwar years, American companies depended largely on American consumers. Globalization has changed that—foreign sales account for almost half the revenue of the S&P 500—as has the rise of financial services (where the most important clients are the wealthy and other corporations). The well-being of the American middle class just doesn’t matter as much to companies’ bottom lines
  • Early in the past century, there was a true socialist movement in the United States, and in the postwar years the Soviet Union seemed to offer the possibility of a meaningful alternative to capitalism. Small wonder that the tycoons of those days were so eager to channel populist agitation into reform
  • Today, by contrast, corporate chieftains have little to fear, other than mildly higher taxes and the complaints of people who have read Thomas Piketty. Moguls complain about their feelings because that’s all anyone can really threaten
Kay Bradley

Opinion | Who Killed the Knapp Family? - The New York Times - 0 views

  • The United States wrested power from labor and gave it to business, and it suppressed wages and cut taxes rather than invest in human capital, as our peer countries did. As other countries embraced universal health care, we did not; several counties in the United States have life expectancies shorter than those in Cambodia or Bangladesh.
  • A low-end worker may not have a high school diploma and is often barely literate or numerate while also struggling with a dependency; more than seven million Americans also have suspended driver’s licenses for failing to pay child support or court-related debt, meaning that they may not reliably show up at work.
  • If we’re going to obsess about personal responsibility, let’s also have a conversation about social responsibility.
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  • First, well-paying jobs disappeared, partly because of technology and globalization but also because of political pressure on unions and a general redistribution of power toward the wealthy and corporations.
  • Second, there was an explosion of drugs — oxycodone, meth, heroin, crack cocaine and fentanyl — aggravated by the reckless marketing of prescription painkillers by pharmaceutical companies.Third, the war on drugs sent fathers and mothers to jail, shattering families.
  • Both political parties embraced mass incarceration and the war on drugs, which was particularly devastating for black Americans, and ignored an education system that often consigned the poor — especially children of color — to failing schools. Since 1988, American schools have become increasingly segregated by race, and kids in poor districts perform on average four grade levels behind those in rich districts.
  • we should be able to agree on what doesn’t work: neglect and underinvestment in children.
  • Job training and retraining give people dignity as well as an economic lifeline. Such jobs programs are common in other countries.
  • The United States focused on money, providing extended unemployment benefits. Canada emphasized job retraining, rapidly steering workers into new jobs in fields like health care, and Canadian workers also did not have to worry about losing health insurance.
  • For instance, autoworkers were laid off during the 2008-9 economic crisis both in Detroit and across the Canadian border in nearby Windsor, Ontario.
  • Another successful strategy is investing not just in prisons but also in human capital to keep people out of prisons.
  • Women in Recovery has a recidivism rate after three years of only 4 percent, and consequently has saved Oklahoma $70 million in prison spending, according to the George Kaiser Family Foundation.
  • We need the government to step up and jump-start nationwide programs in early childhood education, job retraining, drug treatment and more.
  • Nicholas Kristof
Kay Bradley

[Article] The Paranoid Style in American Politics, By Richard Hofstadter | Harper's Mag... - 0 views

  • By Richard Hofstadter
  • merican politics has often been an arena for angry minds. In recent years we have seen angry minds at work mainly among extreme right-wingers, who have now demonstrated in the Goldwater movement how much political leverage can be got out of the animosities and passions of a small minority. But behind this I believe there is a style of mind that is far from new and that is not necessarily right-wing. I call it the paranoid style simply because no other word adequately evokes the sense of heated exaggeration, suspiciousness, and conspiratorial fantasy that I have in mind.
  • It is the use of paranoid modes of expression by more or less normal people that makes the phenomenon significant
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  • Of course this term is pejorative, and it is meant to be; the paranoid style has a greater affinity for bad causes than good. But nothing really prevents a sound program or demand from being advocated in the paranoid style.
  • But the modern right wing, as Daniel Bell has put it, feels dispossessed: America has been largely taken away from them and their kind, though they are determined to try to repossess it and to prevent the final destructive act of subversion
  • The old American virtues have already been eaten away by cosmopolitans and intellectuals; the old competitive capitalism has been gradually undermined by socialistic and communistic schemers; the old national security and independence have been destroyed by treasonous plots, having as their most powerful agents not merely outsiders and foreigners as of old but major statesmen who are at the very centers of American power. Their predecessors had discovered conspiracies; the modern radical right finds conspiracy to be betrayal from on high.
  • we may now substitute eminent public figures like Presidents Roosevelt, Truman, and Eisenhower, secretaries of State like Marshall, Acheson, and Dulles, Justices of the Supreme Court like Frankfurter and Warren, and the whole battery of lesser but still famous and vivid alleged conspirators headed by Alger Hiss.
  • Any historian of warfare knows it is in good part a comedy of errors and a museum of incompetence; but if for every error and every act of incompetence one can substitute an act of treason, many points of fascinating interpretation are open to the paranoid imagination.
  • First, there has been the now-familiar sustained conspiracy, running over more than a generation, and reaching its climax in Roosevelt’s New Deal, to undermine free capitalism, to bring the economy under the direction of the federal government, and to pave the way for socialism or communism.
  • The second contention is that top government officialdom has been so infiltrated by Communists that American policy, at least since the days leading up to Pearl Harbor, has been dominated by men who were shrewdly and consistently selling out American national interests.
  • Finally, the country is infused with a network of Communist agents, just as in the old days it was infiltrated by Jesuit agents, so that the whole apparatus of education, religion, the press, and the mass media is engaged in a common effort to paralyze the resistance of loyal Americans.
  • He has offered a full scale interpretation of our recent history in which Communists figure at every turn:
  • They started a run on American banks in 1933 that forced their closure;
  • they contrived the recognition of the Soviet Union by the United States in the same year, just in time to save the Soviets from economic collapse;
  • they have stirred up the fuss over segregation in the South;
  • hey have taken over the Supreme Court and made it “one of the most important agencies of Communism.”
ershai

There Is a New Kidnapping Capital of the World. Here's What We Need to Do About It. - 1 views

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    A guest essay, naming Haiti the "kidnapping capital" of the world, and despite failed past interventions, invites international actors to assist the country in its humanitarian crisis, support Haitian law enforcement to combat the gangs, and prevent gang recruitment in marginalized communities, for example. "Until the Haitian government gets crime under control and brings the gangs to justice, the restoration of the constitutional order and the country's humanitarian and economic recovery will remain elusive."
nicksandford

Indigenous rights take center stage in Chile's new constitution – People's W... - 0 views

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    A referendum in Chile just rejected a draft of a new Constitution pushed by the new Chilean President Gabriel Boric and his extremely progressive coalition that would have replaced Augusto Pinochet's Constitution. The Constitution included the right to public health care, abortion, free speech, clean air and water, it would have given the federal government greater control over the Chilean economy, and would have officially recognized the sovereignty of Indigenous groups across the country, making it the third plurinational nation in South America. However, 61% of Chileans opposed the new Constitution, and a new assembly will have to be elected to redraft it. This rejection is interesting; does it highlight the overall mood in Latin American politics right now? Is this a rejection of liberal policies? What will the next few months have in store for Chile; bureaucratic breakdown, or unity around a new Constitution?
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    Really interesting article, Nick! Keep in mind that "liberal" in the international context means low government intervention and capitalism, so the correct way to phrase the question is "Is this a rejection of social democratic policies?" There was a wave of social democracy in Latin America in the 1990s and early 2000s, so I wonder if this is an effort to move that further, an effort which is contested. https://www.americasquarterly.org/article/chile-could-become-plurinational-what-does-that-mean/ As you know, there are many levels of inclusion and exclusion in different societies, and the indigenous rights movement in South America carries a dimension of racism held over from the colonial era, in addition to neocolonialism and extractive capitalism centered on banks and the owners of land.
cole_bodner

Australia Reverses Recognition of West Jerusalem as Israel's Capitial - 1 views

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    In a 2018 decision, Australia's previous administration recognized West Jerusalem as the capital of Israel. This decision was reversed, however, on Tuesday, as the foreign affairs minister, Penny Wong, has stated that Australia is in support of peace negotiations between Israelis and Palestinians. Israel Prime Minister Yair Lapid has since denounced the decision, saying it was a "a hasty response to incorrect news in the media".
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    Ouch!
Kay Bradley

Saudi Arabia Rejects U.N. Security Council Seat in Protest Move - 6 views

Interesting in-depth analysis, Hindoveeh. This really struck me..... "The Saudi Foreign Ministry released a statement rejecting the seat just hours after the kingdom's own diplomats - both at the ...

Syria Iran Saudi 'U.N. Security Council' 'Middle East'

quinnlewis

China's economy is stumbling, but by how much? - BBC News - 5 views

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    After the devaluing of the Chinese currency we now see exactly how much the Chinese economy has faltered- and who this effects.
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    Definitely really interesting, article could likely make clearer predictions as to what would happen if China's economy went into a recession
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    The idea that their economy's slowed growth is considered a positive thing and is considered "more stable" by the IMF is very interesting and not exactly something people say about many economies. While I had not considered it before, it is entirely logical that China should (almost intentionally) slow down in preparation for the work force to shrink and avoid a financial crash.
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    I think that the article bring up the interesting point that even if China enters a recession, it may not be a bad event especially if the growth is more stable.
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    I think the boom that was attributed to China's huge population has reached its near endpoint; the marginal output from each new worker is now so low (not contributing much) or negative (reducing productivity) that China's huge historic growth rate can only be further sustained by greater education and an increase in the human capital aspect.
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    It's interesting to look at China as a case study of a country of super rapid development and growth that has the ability to affect the global economy. The fact that China's growth is slowing down and stabilizing means that it is catching up to its earlier developed counterparts. Having read the cap and trade article first, I wonder how the policies of that sector (and the sector itself) will affect China's overall economy and to a more general extent the global economy. Will China's become like Germany? Who can say.
Kako Ito

Public insurance and the least well-off | Lane Kenworthy - 6 views

  • Public insurance also boosts the living standards of the poor. It increases their income, and it provides them with services for which they bear relatively little of the cost.
  • Critics charge that public social programs tend to hurt the poor in the long run by reducing employment and economic growth. Are they correct?
  • Does public insurance erode self-reliance? Is a large private safety net as helpful to the least well-off as a large public one? Are universal programs more effective than targeted ones? Are income transfers the key, or are services important too?
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  • Once again we see no indication that public insurance generosity has had a damaging effect
  • Note also that the employment rate increased in nearly all of the countries during this period. On average, it rose by nine percentage points between 1979 and 2013. That’s not what we would expect to see if generous public insurance programs were inducing large numbers of able adults to withdraw from the labor market
  • What we see in the chart is that countries with more generous public insurance programs tend to have less material deprivation.
  • With globalization, the advance of computers and robots, increased pressure from shareholders for short-run profit maximization, union weakening, and other shifts, wages have been under pressure. Couple this with the fact that many people at the low end of the income ladder have labor market disadvantages — disability, family constraint, geographic vulnerability to structural unemployment — and we have a recipe for stagnation in the market incomes of the poor.
  • here’s a good reason for these shifts: government provision offers economies of scale and scope, which reduces the cost of a good or service and thereby makes it available to many people who couldn’t or wouldn’t get it on their own.
  • Government provides more insurance now than it used to. All of us, not just some, are dependent on it. And life for almost everyone is better because of it
  • hese expenditures are encouraged by government tax advantages.22 But they do little to help people on the bottom of the ladder, who often work for employers that don’t provide retirement or health benefits.
  • To make them more affordable, the government claws back some of the benefit by taxing it as though it were regular income. All countries do this, including the United States, but the Nordic countries do it more extensively. Does that hurt their poor? Not much. The tax rates increase with household income, so much of the tax clawback hits middle- and upper-income households.
  • Another difference is that public services such as schooling, childcare, medical care, housing, and transportation are more plentiful and of better quality for the poor in the Nordic countries. Public services reduce deprivation and free up income to be spent on other needs. It’s difficult to measure the impact of services on living standards, but one indirect way is to look at indicators of material deprivation,
  • Targeted transfers are directed (sometimes disproportionately, sometimes exclusively) to those with low incomes and assets, whereas universal transfers are provided to most or all citizens.
  • Targeted programs are more efficient at reducing poverty; each dollar or euro or kroner transferred is more likely to go to the least well-off. Increased targeting therefore could be an effective way to maintain or enhance public insurance in the face of diminished resources.
  • “the more we target benefits to the poor … the less likely we are to reduce poverty and inequality.”
  • Korpi and Palme found that the pattern across eleven affluent nations supported the hypothesis that greater use of targeting in transfers yields less redistribution
  • The hypothesis that targeting in social policy reduces political support and thereby lessens redistributive effort is a sensible one. Yet the experience of the rich countries in recent decades suggests reason to question it. Targeting has drawbacks relative to universalism: more stigma for recipients, lower take-up rates, and possibly less social trust.44 But targeting is less expensive. As pressures to contain government expenditures mount, policy makers may therefore turn to greater use of targeting. That may not be a bad thing.
  • Public insurance programs boost the incomes of the least well-off and improve their material well-being. If such programs are too generous, this benefit could be offset by reduced employment or economic growth, but the comparative evidence suggests that the world’s rich nations haven’t reached or exceeded the tipping point.
  • Spending lots of money on social protection is not in and of itself helpful to the poor. Total social expenditures in the United States are greater than in Denmark and Sweden, because the US has a large private welfare state. But relatively little of America’s private social spending reaches the poor.
  • Public services are an important antipoverty tool. Their benefit doesn’t show up in income data, but they appear to play a key role in reducing material hardship. Services expand the sphere of consumption for which the cost is zero or minimal. And they help to boost the earnings and capabilities of the poor by enhancing human capital, assisting with job search and placement, and facilitating work-family balance.
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    Through this article I have gained a deeper insight in how public expenditures and public goods promote wealth equality in a society. "Public services are an important antipoverty tool."
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    This article really helped me deepen my understanding of redistributing wealth downwards. I never thought about it, but things like social security, affirmative action programs, and public education are actually insurances that attempt to provide everybody with more equality when it comes to living standards as well as basic human rights.
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    Yeah, it is a very common argument to say that social expenditures disincentives workers; interesting analysis on how wealthy countries haven't reached the "tipping point." I am curious to see what happens to labor force participation and employment in the next decades as robots further divorce economic growth from labor supply/demand.
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    Cool theory in regards to "the tipping point". Interesting, and solid criticism of large social expenditures. Wonder how socialists view this, as opposed to free-market economists.
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    "Public services are an important antipoverty tool. Their benefit doesn't show up in income data, but they appear to play a key role in reducing material hardship." INteresting to see the statistics and how social expenditures help reduce poverty and the wealth gap.
Heather Anderson

Russia Plans Nuclear Plant in Venezuela - 0 views

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    Russia hinted that they wanted to calm any U.S. fears about building a nuclear power plant in Venezuela, whose government is not exactly the closest of the United States' friends. Just an illustration of lingering tension over socialism vs. capitalism, the Cold War, and the spread of nuclear technology. Russia has been building plants worldwide in a mission to sell nuclear energy.
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    One thing that jumped out at me when I read the article is that Russia's first reaction when announcing this plan was to attempt to quell US fears and tell the US that we shouldn't be getting involved. Interesting that other countries see the US as so involved in their affairs that the first thing they do when they do something controversial that does not involve us to to justify it to us...
Kay Bradley

Terms from Commanding Heights - 1 views

Key Ideas from Commanding Heights Capitalism Socialism Communism Keynesian economics Reaganomics Hayek Collectivist consensus: UK post Churchill, Privatization Nationalization Globalization Trans...

Industrialized Democracies

started by Kay Bradley on 08 Oct 10 no follow-up yet
Kay Bradley

YouTube - Crisis of Capitalism, The Critique - 0 views

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    Posted as a Critique to the David Harvey Piece--the author is anonymous (why?); identifies himself as "How the World Works"; in videos where he is talking, he looks like a college-age person.
Kay Bradley

YouTube - RSA Animate - Crises of Capitalism - 0 views

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    David Harvey--look for the critique of this one as well
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