bosgek
12th August 2009, 12:06
I recently found the answer of politicians of various countries to the financial crisis. They've finally seen capitalism doesn't work, so what do they do? They come with a new form of capitalism. One in which government has a lot more to say about how companies should behave.
One of the conclusions is:
What we need is to enormously reinvigorate state control over the economy. We need a political economy where the politics of people's experience comes first.
(Source: speech by a sociology professor on YouTube about the matter)
In other words: The state needs to take control over the companies and then make it seem like everything is the way indoctrinated people want it to be.
Another conclusion:
If the unfettered movement of capital, goods and services is going to survive, if there’s not going to be a retreat into national fortresses that could impoverish all of us over the longer term, we’ll have to find a far better way of monitoring global risks and of bringing governments together to deal with these risks.
Some may see this as a threat to national sovereignty, as the thin end of an anti-democratic wedge that’ll see the world ruled by unaccountable bureaucrats. Reconciling our political traditions with the imperative of making safe the globalised world will be a challenge, to put it mildly. But it’s not a challenge we can shirk. (Source: BBC)
Unfortunately I haven't got the right to post links, so these are available on request.
I was wondering what people here think of this 'progress'. Is this a good thing, the end to the "winner takes it all" kind of capitalism of today? Or is it just another method of maintaining the oppression over the people without any significant capital?
One of the conclusions is:
What we need is to enormously reinvigorate state control over the economy. We need a political economy where the politics of people's experience comes first.
(Source: speech by a sociology professor on YouTube about the matter)
In other words: The state needs to take control over the companies and then make it seem like everything is the way indoctrinated people want it to be.
Another conclusion:
If the unfettered movement of capital, goods and services is going to survive, if there’s not going to be a retreat into national fortresses that could impoverish all of us over the longer term, we’ll have to find a far better way of monitoring global risks and of bringing governments together to deal with these risks.
Some may see this as a threat to national sovereignty, as the thin end of an anti-democratic wedge that’ll see the world ruled by unaccountable bureaucrats. Reconciling our political traditions with the imperative of making safe the globalised world will be a challenge, to put it mildly. But it’s not a challenge we can shirk. (Source: BBC)
Unfortunately I haven't got the right to post links, so these are available on request.
I was wondering what people here think of this 'progress'. Is this a good thing, the end to the "winner takes it all" kind of capitalism of today? Or is it just another method of maintaining the oppression over the people without any significant capital?