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chandna rani
Apr 04, 2022
In General Discussions
The "Fyre Festival economy" (as the financial blog Alphaville calls contemporary capitalism's tendency toward value extraction, speculation, and fakery , in reference to the Fyre music festival fiasco) suddenly becomes politics. economics applied in World War II. Postmodern mobile phone number list capitalism today faces a modern crisis. Liberal meritocratic capitalism, as Milanović calls Western capitalism, has been losing its liberal and meritocratic characteristics for decades. The author of Capitalism, nothing more9 explains that the high concentration of wealth in a few hands, the existence of individuals rich both in labor and in capital (individuals who obtain high income from capital income but also from labor income, something unprecedented mobile phone number list in the history of capitalism), the enormous influence of money in politics, the class «reproduction» of the elites (who use education as a social marker and inherited wealth as a material cushion) or the reduction of social mobility damage the legitimacy of a system that today is mobile phone number list testing. Although a large state does not necessarily mean social democracy, it is possible that after the crisis the demand for a more inclusive capitalism will become stronger. The debate about saving capitalism from itself has been going on for almost five years. Media such as the Financial Times have campaigned in mobile phone number list defense of a "capitalism with a conscience", less focused on the benefit of shareholders. Economists such as Martin Wolf have criticized the financialization and extractive logic of contemporary capitalism. in the USA, two Democratic candidates (Elizabeth Warren and Bernie Sanders) dared to attack the influence of money in American politics and the power of technological monopolies (a considerable change from Barack Obama, who came to use in his electoral campaigns the CEO of Google Eric Schmidt, to whom he also offered the post of Secretary of the Treasury).
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