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All items tagged CapitalismOpen Think Tank ArticlesMay 20, 2009 | Is Western Civilization in a State of Decline?Florian Kuhne: The global financial crisis is just one of many issues the West is facing which could mean it has met the “limits of growth”. Capitalism is overstretched and finite resources are running out. Affluence will start to level out across the world and the west could face a decline in living standards. ... MoreOctober 17, 2008 | The United States: Heroes of the RetreatJan Ross: America’s superior power position has long begun to crumble. The faith of the American people in the US mission has been shaken by the politics of an unpopular president and threatening economic developments. The US does not only need “change” right now. America needs healing. ... MoreGlobal Must Read ArticlesAugust 5, 2010 | Moralisation of Capitalism: The New Enlightenment?The financial crisis has marked the start of a new chapter in history: the post-western world. ++ The global balance of power is shifting, and the traditional responses of denial from America and soul-searching from Europe will not alter this reality. ++ The western comparative advantage is not found in its demographics, economics, or military, but rather in its ideals: democracy, the rule of ... MoreJuly 1, 2010 | The Broken Promise of the Post-Industrial EconomyThe industrial economies of Germany and China have weathered the global financial crisis much better than their high-consumption, post-industrial American competitor. ++ American capitalism has abandoned its manufacturing sector and promotes a detached and irresponsible financial sector. ++ The result is a competitive disadvantage and the offshoring of America’s most productive jobs. ++ ... MoreNovember 12, 2009 | Capitalism in Need of ReinventionTwo decades after the fall of the Berlin Wall, with many former communist as well as capitalist states in crisis, capitalism needs to be reinvented. ++ The failure does not lie with the system, but with “defects in the world’s financial and monetary system.” ++ Though big efforts have been made to rescue the crisis-hit countries, further reform and substantial rebalancing of global demand ... MoreNovember 9, 2009 | "The Berlin Wall: So Much Gained, So Much to Lose"The fall of the Iron Curtain in 1989 remains a major landmark in time, reminding us in the West of what has been won and what is still worth fighting for. ++ Globalisation has since lifted 500 million people out of absolute poverty and enabled the spread of ideas. ++ But economic integration has not been matched politically. ++ The West needs to recognize the shortcomings of ... MoreJuly 7, 2009 | A View of the World after the Crisis The numerous attempts to explain the financial and April 16, 2009 | Neoliberal Capitalism Creates Missed OpportunitiesPresident Obama has changed the face of the US drastically, both nationally and internationally.++ When it comes to approaching the economic crisis however, Obama is missing out on an opportunity to find feasible alternatives to the system and its inequalities.++ Polls suggest that Americans are more open than ever to negotiating the harsh capitalist system.++ Instead, Obama and his team of ... MoreFebruary 17, 2009 | Don't Worry, It's All Part of the GameWhen comparing the recession-prone capitalist system to the recession-free communist system, it is surprising that it is the latter which has collapsed. ++ Despite numerous predictions of its demise, capitalism continues in the twenty-first century. ++ This is because of its power to “re-engineer itself and evolve into new forms that get rid of defects.” ++ The current crisis is ... MoreFebruary 6, 2009 | The World Stands Up Against CapitalismPeople are sick and tired of having to pay for their governments’ mistakes; the time has come for elites to take responsibility. ++ It is customary in crisis times for “extraordinary politics” to enable politicians to adopt unpopular measures and people lose out. ++ Yet, as was the case in Argentina in 2002, the real target of the collective rage is no person but a whole system: capitalism. ++ ... MoreJanuary 7, 2009 | Greater Role for the State in the 21st CenturyThe financial crisis has proven that there is still a major role for the state to play in our global era. ++ New challenges, such as intense capital transactions, have increased pressure on the state and require it to complement its traditional (albeit still capital) functions of protecting its citizens through the monopoly of force, promoting democratization and so forth. ++ In order to succeed ... MoreOctober 29, 2008 | But Words Can Never Hurt My Financial SystemEuropean financial schadenfreude and finger-pointing directed at the US might be premature crowing. ++ Not all roots to the crisis stem from New York, rather mainly from London and Frankfurt. ++ Blaming the US and calling for a new global financial order is “an excuse to restore European statism as official policy.” ++ History, especially Japan’s, has exhibited the superior ... MoreJuly 25, 2008 | The Clash of CapitalismsThe ascendancy of Anglo-American capitalism has been an illusion - as proven by the credit crisis which originated in the US. ++ Apart from this model, there are different forms of state capitalism developing in China, Russia, the Middle East, and South America. ++ In principle, the existence of different forms of capitalism is healthy, but the attempt of each capitalism to assert its own ... MoreCommentsJanuary 9, 2010 | I am understanding the present dilemma as one...August 12, 2009 | For a short summary of a complex event, this... |
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