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Showing 1 - 4 of 4 matches in All Departments
What if our financial system were organized to the benefit of the many rather than simply empowering the few? Robert Hockett and Fred Block argue that an entirely different financial system is both desirable and possible. They outline concrete steps that could get us there. Financial systems move the worlds savings from investment to investment, chasing the highest rates of return. They run on profit. But what if investment went to the enterprises or institutions that provided things that the majority of people would prioritize? Democratizing Finance includes six responses that seek to amend, elaborate, and challenge the arguments developed by Hockett and Block. Some of the core arguments put forward by other contributors include calls for the rapid elimination of private financial entities, the dilemmas of the politics associated with financial reforms, and the fate of parallel proposals advanced in the US in the 1930s.
What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue. Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx's theory that communism will lead to a "withering away of the State," the ideology that free markets can replace government is just as utopian and dangerous.
"Nice idea, but it doesn't work in practice." How often have socialists had this claim thrown back at them? And now, after the events of 1989, many of the Left are openly wondering what a defensible idea of socialism would be. This work addresses this question, taking as its point of departure John Roemer's model of "coupon socialism". Roemer's model aims to combine the market with a commitment to equality through a simple, yet starkly radical, proposal: all citizens would receive an equal number of coupons with which to buy ownership rights (voting, dividends) in companies. These coupons would constitute a second, separate form of currency, but could not be exchanged for ordinary money, nor transferred to other people. Not all the contributors to this collection endorse Roemer's working model of market socialism, but they are all stimulated by his foray into a "real utopia".
Hillary Rodham Clinton is one of the most powerful women in world politics, and the irrational right-wing hatred of Clinton has fed her progressive appeal, helping turn her into a feminist icon. To get a woman in the White House, it's thought, would be an achievement for all women everywhere, a kind of trickle-down feminism. In the run-up to the 2016 presidential election, the mantle of feminist elect has descended on Hillary Clinton, as a thousand viral memes applaud her, and most mainstream feminist leaders, thinkers, and organizations endorse her. In this atmosphere, dissent seems tantamount to political betrayal. In False Choices, an all-star lineup of feminists contests this simplistic reading of the candidate. A detailed look at Hillary Clinton's track record on welfare, Wall Street, criminal justice, education, and war reveals that she has advanced laws and policies that have done real harm to the lives of women and children across the country and the globe. This well-researched collection of essays restores to feminism its revolutionary meaning, and outlines how it could transform the United States and its relation to the world. FAQ This is a book critical of Hillary Clinton. Is this book sexist? No. The contributors are radical and feminist, and almost all are women. But sometimes even men write things about Hillary that are not sexist. Aren't you helping the Republicans? Only if you think that even one person will read a book by a coven of leftwing feminists, find it convincing, and conclude that she should vote for one of those misogynistic reactionaries. Isn't this the wrong time? No. It's never too late or too soon to criticize someone who is about to become the most powerful individual on earth. If you think there's ever a time to withhold comment on such a person, you might be an authoritarian. Don't you care about feminism? Yes. That's why we did this.
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