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The former Soviet Union was not a good place for its citizens, who suffered from chronic shortages of consumer goods. The goods they had were generally lower than what was available in the West. During its nearly seven decades of existence from 1922 to 1991, the Union of Soviet SocialistRead More →
Climate change is the greatest risk and challenge of our time. The level of carbon dioxide in the atmosphere has reached 415 parts per million – the highest for nearly three million years. And the past five years were the hottest on record since the 1880s. British scientist Brian CoxRead More →
Criticizing ‘the far left’ for its ‘calls for massive government growth and even socialism’, former Colorado Governor John Hickenlooper, who is running for president as a Democrat in 2020, posted an op-ed Sunday in the Wall Street Journal discussing his hopes of saving American capitalism. “American capitalism is in danger,”Read More →
On college campuses today, it seems almost second nature to read Karl Marx’s Communist Manifesto in a philosophy class, or to sit in an introductory political science class and listen to the merits of socialism. professors who try very little to hide their real political beliefs. within the classroom. AsRead More →
Evil fate the earth, to hasten the evils a prey, Where wealth accumulates and where men degrade. –Olivier Goldsmith. Twenty years ago, I wrote an editorial in which I described free market capitalism as “the most unjust and barbaric economic system ever conceived, and which now oppresses and mistreats mostRead More →
Petrocaribe protests in Port-au-Prince, Haiti. October 2018 By Jake Johnston The following is a slightly edited compilation of a thread posted to Twitter by Jake Johnston, International Associate Researcher at the Center for Economic and Policy Research (CEPR) and lead author of the Haiti blog: Relief and Reconstruction Watch. YouRead More →
Data: SurveyMonkey online survey; Graphic: Harry Stevens/Axios Most Americans believe the economic system is skewed in favor of the wealthy and the government should do more to fix it — and they’re willing to vote for a candidate who agrees, according to a new Axios/SurveyMonkey survey. Why is this important:Read More →
The American economic system is a mixture of free market capitalism with government actions and controls. It has evolved with our nation. Many of us have come to believe that this system rewards hard work and is fair. Globalization and technological change have challenged this belief. The increased economic rewardsRead More →
This week’s podcast is brought to you in partnership with IG, Australia’s premier CFD and Forex provider. With over 40 years of experience, IG gives you access to over 15,000 markets through its award-winning online trading platform and to over 11,000 global stocks through equity trading. Losses can exceed deposits.Read More →
The world has only a dozen years to dramatically reduce emissions if we are to avoid the catastrophic effects of climate change, according to a recent report by the Intergovernmental Panel on Climate Change (IPCC). To get there, governments and businesses that use as much energy as major nations willRead More →
About six in ten American adults (63%) say the country’s economic system unfairly favors powerful interests, compared to a third (33%) who say it is generally fair for most, according to a new survey from the Pew Research Center. Americans. While general opinions on this issue have changed little inRead More →
A decade after the 2008 financial crisis, the public is roughly evenly divided on whether America’s economic system is safer today than it was then. About half of Americans (48%) say the system is safer today than it was before the 2008 crisis, while about as many (46%) say itRead More →
Philanthropic leader wants to take philanthropy ‘to the next level’ and fix ‘the flaw at the heart of the economy’, recasting the capitalist economy to see the measurement of social and natural resources normalized and traded alongside finance capital . Universal Commons Project (UCP) founder and funder Alan Schwartz AMRead More →
The planet is in trouble. Study after scientific study, we warn that we have pushed far beyond the physical limits of what our living world can handle. From increasing temperature extremes causing disastrous weather conditions – including record droughts and unprecedented fires – to oceans choked by plastic and collapsingRead More →
By Jahda Swanborough and Victoria Crawford of the World Economic Forum Humanity is making tremendous progress. Over the past 100 years, the population living in absolute poverty has fallen from 82% to just 9%. During the same period, we have seen the number of democracies increase from 16 to 123Read More →
For the publisher: Gustavo Arellano says “it’s time to think radically” on homelessness, but it is only dealing with a symptom rather than the deep-rooted causes of growing inequality in American society, in search of a ” remedy “which prevents homeless people from the streets of the” respectable class “.Read More →
This story reflects the views of this author, but not necessarily the editorial position of Fast business. You may not have noticed it, but a huge global movement is on its way to create the next generation of the internet. This radical technological change is largely driven by a keyRead More →
Jeremy Corbyn will say that Chancellor Philip Hammond is correct in calling Labor an “existential challenge to our economic model” as he pledges to lead a government that will overthrow the economic status quo. Corbyn will tell the Co-operative Party conference on Saturday that Labor will forge a new consensusRead More →
The progressive left and its media comrades have struggled in recent weeks to build a friendly story for “antifa”. It is not an easy task. These self-proclaimed “anti-fascists” (hence the name) have shown up at rallies across the country since Trump’s inauguration, assaulting police with urine bombs, beat reporters bloodied,Read More →
Sooner or later a robot will be able to do all or part of what you do for a living. In response to this and other pressures, the Canadian province of Ontario is getting ready to start a basic income trial this summer. For a limited time, and in threeRead More →
Passers-by look at posters and messages of condolence for the victims of the Grenfell Tower fire in north London on June 25, 2017. (Reuters / Peter Nicholls) To subscribe to The nation Subscribe now for as low as $ 2 per month! Thank you for signing up The nationthe weeklyRead More →
By Tsegaye Tegenu Why is it so important to discuss this economic system Since the declaration of a state of emergency in October 2016, there has been too much political discussion about good governance and political power sharing in Ethiopia. The political debate is reaching an all time high, creatingRead More →
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What is a mixed economic system? A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a certain level of economic freedom in the use of capital, but also allows governments to intervene in economic activitiesRead More →
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A mixed economy is defined by the coexistence of a public sector and a private sector. The specific mix between public and private, however, can vary considerably from one mixed economy to another. By their respective nature, the private sector is subordinate to the public sector. Private exchange can onlyRead More →
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What is commercialism? Mercantilism was an economic system of commerce that extended from the 16th to the 18th century. Mercantilism is based on the premise that global wealth was static, and as a result, many European countries attempted to accumulate as much of that wealth as possible by maximizing theirRead More →
The failure of the contemporary economy to alleviate the current economic turmoil that is holding the world economy down has doomed existing theories for their inherent flaws. The existing knowledge on the subject has failed miserably to solve the problems facing the world economy, especially European countries mired in hugeRead More →
In his Prison Notebooks, the Italian revolutionary Antonio Gramsci writes: “The crisis consists precisely in the fact that the old is dying and the new cannot be born; in this interregnum a great variety of morbid symptoms appear. Today, it is precisely the world economy which finds itself in fullRead More →
The trade theory of mercantilism was adopted by the more powerful European countries from the early 1500s to around 1800. This policy accelerated the economic estrangement from the feudal economy and the guild craft production system. He helped to transform Europe from a terrestrial economy to a monetary economy. ItsRead More →
Revelation 13:16-18 says: “He causes all, small and great, rich and poor, free and slaves, to receive a mark on their right hand or on their forehead, which no one can buy or sell except he who has the mark or the name of the beast. . , or theRead More →
Emmanuel Macron, France’s economy minister, has sent shockwaves through the country’s political spectrum by creating his own cross-partisan political movement to “unblock France” a year before presidential elections. Mr Macron said on Wednesday evening that his new party, named Working ! (“On the march!” or “Forward!”), would be open toRead More →
Published on: 07/04/2016 – 07:56Amended: 07/04/2016 – 15:08 French Economy Minister Emmanuel Macron on Wednesday launched a new political movement which, according to him, would be neither left nor right, likely to upset the political landscape one year before the presidential elections. The initiative of one of the most popularRead More →
The iconoclastic French Minister of the Economy Emmanuel Macron is preparing to upset the political landscape ahead of next year’s presidential election by launching a political movement, sparking speculation about his own ambitions to run for power. Macron, 38, a charismatic and outspoken former investment banker, has seen a meteoricRead More →
It became a recurring question in 2016 presidential campaigns across both parties: Is the US economic system fair to most Americans, or is it “rigged†to favor the rich and powerful? A substantial majority of Americans – 65% – say that the country’s economic system “unfairly favors powerful interests.” LessRead More →
The United Nations – Democracy and market economies go hand in hand but are risky and can be abused if they do not support human dignity and support the common good, according to a Vatican economic official. Joseph FX Zahra, a Maltese economist who is the Vatican Council’s deputy coordinatorRead More →
British journalist and author Paul Mason doesn’t mince his words when it comes to what he sees as the dominant ideology at the moment: neoliberalism. He thinks that capitalism and neoliberalism, as we know them, may have played their last hand. “What started in 2008 as an economic crisis hasRead More →
Book on socialism Michael Engel Michael Engel, 71, of Ludlow, professor emeritus of political science at Westfield State College, with his self-published book, “Socialism for Smart Folks: A Popular Guide for Open Minds”. May 27, 2015. (Brian Steele | MassLive.com) LUDLOW – Michael Engel is a socialist despite the vitriolicRead More →
Capitalism: an economic system that forces us to think and act as if God does not exist In my previous message, I asked if a Christian should ever think, decide and act as if God did not exist. Since Hugo Grotius, the great 17th century Dutch theologian, philosopher and statesman,Read More →
He said only a fraction – he estimated 12% – of Russians are currently oriented towards Europe, but he hoped to convince many others that they should be too. “I see that I could perhaps offer myself to the European part of the population as their political representative,” he said.Read More →
Humpty Dumpty is the perfect metaphor to represent the crisis of the current economic system. Like the classic nursery rhyme character, it has had a nice downfall and no one is quite sure how to put it back together. The reason it cannot be patched up is that a systemRead More →
IIf you want to understand why we are not moving faster towards creating a more equitable society that operates within ecological limits, then it is worth understanding the importance of the vacuum. One of the main fears of our industrialized society, which we largely refuse to face, is the beliefRead More →
“Russia is the first example of a socialist economy in action… and it works! These were not the words of a Bolshevik revolutionary or an intellectual on the Left Bank, but of the American who wrote the rules of international finance for the 20th century: Harry Dexter White. White wasRead More →
by Georges MonbiotImagine that in 3030 BC. J.-C., the totality of the possessions of the Egyptian people filled a cubic meter. Suppose these possessions increased by 4.5% per year. How big would this reserve have been during the Battle of Actium in 30 BC? This is the calculation made byRead More →
THEImagine that in 3030 BC. AD the totality of the possessions of the Egyptian people occupied one cubic meter. Suggest that these possessions increase by 4.5% per year. How big would this reserve have been during the Battle of Actium in 30 BC? This is the calculation performed by investmentRead More →
It is fashionable to be optimistic about China. But the new book Can China lead? calls for a more cautious view of the country’s prospects, where government bureaucracy stifles innovation. BY MICHAEL BLANDING One need only look as far as the library to see the optimism attached to China’s riseRead More →
One need only look up to the library to see the optimism attached to China’s rise as a global economic and political power. Titles like The Dragon wakes up; The rise of China; and When China rules the world predict an inevitable, if not entirely welcome, surge. “If you lookRead More →
John Stossel is fed up with celebrities complaining about the very economic system that made them rich. From Russell Brand demanding the redistribution of wealth to George Lucas denouncing “capitalist democracy”, celebrities who are rolling in the dough seem to suffer from a sort of entrepreneurial guilt. Of course, theyRead More →
By Daniel Albert Today, the International Monetary Fund announced a further reduction in its global growth projections for 2014, with its estimate of US growth also reduced (citing government spending cuts, but not the current US government shutdown – or hitherto unthinkable notion of the US government failing in itsRead More →
An excerpt from Creative IntelligenceCreative Intelligence by Bruce Nussbaum “ The need to reconnect creativity with capitalism has never been greater. An effective market theory has fostered an economic system that over the past two decades has generated few innovations in most businesses, weakened the middle class, widened inequality, andRead More →
jennifer rubin Opinion columnist covering politics and politics, foreign and domestic January 25, 2012 Grover Norquist emailed me his reaction to Newt Gingrich’s outburst on Mitt Romney’s investment income, writing as only he can: The idea that there is something illegitimate about money earning interest or investing savings with theRead More →
Highlights of history Roland Martin: To say that the protesters are in tune with the Democrats is intellectual dishonesty Candidates from both political parties should make their wishes come true, says Martin Martin: The civil rights movement was not about electing candidates; this one either Editor’s Note: Roland S. MartinRead More →
It was a casual remark over a lunch of salad, fish, and red wine, but future historians are likely to analyze and ponder every word: “The Cuban model doesn’t even work for us anymore.” Fidel Castro’s nine-word confession, in a conversation with a visiting American journalist and political analyst, underminesRead More →