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The book analyzes socioeconomic through the lens of a lawyer.
In the past decade the world has
witnessed some severe financial and
economic crises, espeÂcially the financial crisis of
2007-2008 and the crisis caused by the COVID-19 pandemic. The
author states that the socio-economic order has in the past four to
five decades been thoroughly redesigned, generally favouring
models that prioÂritize the free market over the public interest
or even, more generally, government operation. He works out
that during four to five decades, globalized, capitalist societies
are facing a multiplicity of fundamental problems, such as: (1)
increasing debt that severely burdens both the private and public
sectors; (2) persistent poverty and an ever-increasing polarization
between rich and poor, in addition to (3) intractable environmental
problems that, fifty years after the Club of Rome's report entitled
‘Limits to growth’ (1972), has dragged the world into what in
recent years has been referred to as "climate change." The book
explains why all this is the direct result of value choices made
from the late Middle Ages onwards, when in the Western world the
societal models of that time were increasingly abandoned for a
societal model that came to rely on the primacy of economic
interests. The book not only subjects the ethical choices
but also examines various problems it has caused and probes for
possible ways out. This is an open access book.
The book analyzes socioeconomic through the lens of a lawyer.
In the past decade the world has
witnessed some severe financial and
economic crises, espeÂcially the financial crisis of
2007-2008 and the crisis caused by the COVID-19 pandemic. The
author states that the socio-economic order has in the past four to
five decades been thoroughly redesigned, generally favouring
models that prioÂritize the free market over the public interest
or even, more generally, government operation. He works out
that during four to five decades, globalized, capitalist societies
are facing a multiplicity of fundamental problems, such as: (1)
increasing debt that severely burdens both the private and public
sectors; (2) persistent poverty and an ever-increasing polarization
between rich and poor, in addition to (3) intractable environmental
problems that, fifty years after the Club of Rome's report entitled
‘Limits to growth’ (1972), has dragged the world into what in
recent years has been referred to as "climate change." The book
explains why all this is the direct result of value choices made
from the late Middle Ages onwards, when in the Western world the
societal models of that time were increasingly abandoned for a
societal model that came to rely on the primacy of economic
interests. The book not only subjects the ethical choices
but also examines various problems it has caused and probes for
possible ways out. This is an open access book.
This book deals with some aspects of the future shape of the
socio-economic order which would be founded on sustainability
principles and the role of law therein, instead of on the
prevailing capitalist economic order. The volume elaborates in
particular on how innovation, a crucial aspect of free-market
capitalism and its laws which constitute the current socio-economic
order, could result in a more sustainable economy which, in turn,
could lead to a more sustainable society. Moreover, the book
analyses current developments in financial and economic law and
evaluates their perks, risks and sustainability levels.The book
contains no less than 11 chapters in which a variety of experts
share their state-of-the-art insights regarding specific domains of
socio-economic life. As such, the book deals with topics that are
at present fully under debate in societies, such as student credit
and the dangers it entails, cryptoÂcurrencies and how the law
tries to regulate this basically private law instrument, groups of
companies under Belgian (company) law, a proposal for improving the
international monetary system, and seeds and intellectual property
rights, besides various other similar themes. The book forms the
latest volume of the book series Economic and Financial Law &
Policy – Shifting Insights & Values, and fully complies with
the series’ goal of critically exaÂmining the legal methods and
mechanisms that shape the global free markets and proposing
alternatives to them. The book will hereby prove a valuable
instruÂment for all researchers investigating these matters,
besides policymakers and their adÂvisers as well as all lawyers
active in the field of economic law who look for a new
perÂspective on the subject matters dealt with.
This open access book provides a comprehensive analysis of the
socioeconomic determinants of Covid-19. From the end of 2019 until
presently, the world has been ravaged by the Covid-19 pandemic.
Although the cause of this is (obviously) a virus, the extent to
which this virus spread, and therefore the number of infections and
deaths, was largely determined by socio-economic factors. From
this, it follows that the course of the pandemic varies greatly
from one country to another. This observation applies both to
countries' resilience to such a pandemic (which is mainly rooted in
the period preceding the outbreak of the virus) and to the way in
which countries have reacted to the virus (including the political
choices on how to respond). Meanwhile, research has made it clear
that the nature of this response (e.g., elimination policy,
mitigation policy, and proceeding herd immunity) was, on the one
hand, strongly determined by political and ideological factors and,
on the other hand, was highly influential in the factors of success
or failure in combating the pandemic.The book focuses on the
situation in a number of Western regions (notably the USA, the UK,
and the EU and its Member States). The author addresses the reasons
why in many Western countries both pandemic prevention and response
policies to Covid-19 have failed. The book concludes with
recommendations concerning the rearrangement of the socio-economic
order that could increase the resilience of (Western) societies
against such pandemics.
This open access book provides a comprehensive analysis of the
socioeconomic determinants of Covid-19. From the end of 2019 until
presently, the world has been ravaged by the Covid-19 pandemic.
Although the cause of this is (obviously) a virus, the extent to
which this virus spread, and therefore the number of infections and
deaths, was largely determined by socio-economic factors. From
this, it follows that the course of the pandemic varies greatly
from one country to another. This observation applies both to
countries' resilience to such a pandemic (which is mainly rooted in
the period preceding the outbreak of the virus) and to the way in
which countries have reacted to the virus (including the political
choices on how to respond). Meanwhile, research has made it clear
that the nature of this response (e.g., elimination policy,
mitigation policy, and proceeding herd immunity) was, on the one
hand, strongly determined by political and ideological factors and,
on the other hand, was highly influential in the factors of success
or failure in combating the pandemic.The book focuses on the
situation in a number of Western regions (notably the USA, the UK,
and the EU and its Member States). The author addresses the reasons
why in many Western countries both pandemic prevention and response
policies to Covid-19 have failed. The book concludes with
recommendations concerning the rearrangement of the socio-economic
order that could increase the resilience of (Western) societies
against such pandemics.
The book provides a critical analysis of the legal mechanisms that
help shape the capitalist system, and also makes proposals for
deploying these tools in a different manner.Although often
disguised in difficult legal jargon, in reality the main legal
building blocks of the prevailing capitalist socio-economic system
are simple, the most important being: (1) money; (2) the company
form and (3) (neo)liberal state organization aimed at making
markets as free as possible for the entrepreneurial sector. Having
been used to create the socio-economic order over 2-3 centuries,
the legal systems that helped shape capitalist societies around the
globe have also contributed to a variety of fundamental problems
that remain unaddressed by the capitalist system itself, such as
ever-mounting public and private debt, pollution and climate
change, an increasing polarization between rich and poor and a
globally unjust fiscal order. By proposing alternative uses for the
tools of law that shape capitalism, the book also makes proposals
for dealing with these matters.
This book deals with some aspects of the future shape of the
socio-economic order which would be founded on sustainability
principles and the role of law therein, instead of on the
prevailing capitalist economic order. The volume elaborates in
particular on how innovation, a crucial aspect of free-market
capitalism and its laws which constitute the current socio-economic
order, could result in a more sustainable economy which, in turn,
could lead to a more sustainable society. Moreover, the book
analyses current developments in financial and economic law and
evaluates their perks, risks and sustainability levels.The book
contains no less than 11 chapters in which a variety of experts
share their state-of-the-art insights regarding specific domains of
socio-economic life. As such, the book deals with topics that are
at present fully under debate in societies, such as student credit
and the dangers it entails, crypto currencies and how the law tries
to regulate this basically private law instrument, groups of
companies under Belgian (company) law, a proposal for improving the
international monetary system, and seeds and intellectual property
rights, besides various other similar themes. The book forms the
latest volume of the book series Economic and Financial Law &
Policy - Shifting Insights & Values, and fully complies with
the series' goal of critically exa mining the legal methods and
mechanisms that shape the global free markets and proposing
alternatives to them. The book will hereby prove a valuable instru
ment for all researchers investigating these matters, besides
policymakers and their ad visers as well as all lawyers active in
the field of economic law who look for a new per spective on the
subject matters dealt with.
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