The Profit Motive

2021 ◽  
pp. 162-189
Author(s):  
Kieran Heinemann
Keyword(s):  
Financial Institutions ◽  
Public Discourse ◽  
Financial Sector ◽  
Profit Motive ◽  
Domestic Industry ◽  
The Public ◽  
Making Sense ◽  
Inflation Rates ◽  
Retail Investors ◽  
Poor Relationship

Throughout the twentieth century, Britain was haunted by debates over its allegedly poor relationship between domestic industry and the financial sector. This controversy reached a climax in 1976 with the Committee to Review the Functioning of Financial Institutions chaired by the former Labour Prime Minister Harold Wilson. Tasked to investigate the claim that British finance was starving out domestic industry, the Wilson Committee gathered evidence from the financial sector, businesses, and organized labour. What has been overlooked is that the committee also invited members of the public to provide testimony of their experiences with financial institutions and between 1976 and 1980 the committee received letters from 258 small savers and retail investors. These personal testimonies allow us to gain a rare insight into the ways in which ordinary savers and investors navigated through a decade of economic turmoil. Making sense of these everyday experiences with the financial markets allows us to better understand the appeal of Margaret Thatcher’s market populism that eventually offered a more optimistic future to an electorate weary of inflation. It also adds colour to our notion of the 1970s as a traumatic period for British savers and investors, at the end of which a more welcoming appraisal of the profit motive emerged in public discourse. But at the same time, with many investors feeling compelled by inflation rates to take higher risks, the decade heralded the acquisitive, short-term, and speculative approach to finance that came to dominate the 1980s.

scholarly journals KONTRIBUSI FINTECH DALAM MENINGKATKAN KEUANGAN INKLUSIF PADA PERTANIAN (Studi Analisis Melalui Pendekatan Keuangan Syariah Dengan Situs Peer To Peer Lending Pada Pertanian Di Indonesia)

2018 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Hanik Fitriani
Keyword(s):  
Financial Institutions ◽  
Agricultural Sector ◽  
Financial Sector ◽  
Financial Inclusion ◽  
Network Access ◽  
Financial Industry ◽  
The Public ◽  
Digital Era ◽  
The Government ◽  
Financial Technology

Abstract: Currently the development of technology is growing very rapidly and has entered into all sectors, including the financial sector. With the technology to the financial sector, it is slowly transforming the financial industry into the digital era. The combination of Financial Technique (Fintech) with financial institutions, especially sharia financial institutions, is considered to increase financial inclusiveness in agriculture. Inclusion is a situation where the public is not aware of access to digital finance.The emergence of problems in the first agricultural sector due to lack of land, secondly due to lack of farmer capital and thirdly due to lack of land processors made modernization of technology create agricultural financial technology as an alternative to increase financial inclusion in agriculture.The use of fintech agro in Indonesia is felt to be lacking because of constraints such as lack of literacy to the community, poorly trained human resources, lack of legislation and lack of network access to remote villages. Financial inclusion can increase with the support of the government to improve supporting facilities and infrastructure for the use of fintech agro in Indonesia. الملخص: في الوقت الحالي ينمو تطوير التكنولوجيا بسرعة كبيرة وقد دخل في جميع القطاعات، بما في ذلك القطاع المالي. ومع دخول التكنولوجيا إلى القطاع المالي، فإنها تحول الصناعة المالية إلى العصر الرقمي. ويشعر مزيج من التقنية المالية  مع المؤسسات المالية، وخاصة المؤسسات المالية الشرعية، تزيد التمويل في مجال الزراعة. ظهور مشاكل في القطاع الزراعي الأول بسبب عدم وجود الأراضي، وثانياً بسبب نقص رأس المال الفلاحي، وثالثاً بسبب عدم وجود معالجي الأراضي، أدى تحديث التكنولوجيا إلى خلق التكنولوجيا الزراعية المالية كبديل لزيادة الشمول المالي في الزراعة. ومن المعتقد أن استخدام التكنولوجيا الزراعية في إندونيسيا يفتقر إلى القيود بسبب الافتقار إلى معرفة القراءة والكتابة لدى المجتمع، والموارد البشرية المدربة تدريجيًا، وعدم وجود تشريعات، وعدم الوصول إلى الشبكة إلى القرى النائية. يمكن أن يزيد الإدماج المالي بدعم من الحكومة لتحسين المرافق الداعمة والبنية التحتية لاستخدام التكنولوجيا الزراعية في إندونيسيا.                                         Abstrak: Saat  ini  perkembangan teknologi berkembang sangat pesat  dan telah masuk ke semua sector, diantaranya adalah sektor keuangan. Dengan masuknya teknologi ke sector keungan, maka secara perlahan  mengubah industry keuangan ke era digital. Perpaduan antara Financial Technlogi (Fintech) dengan lembaga keuangan  khususnya lembaga keuangan syariah dirasa dapat meningkatkan inklusif keuangan pada bidang pertanian. Inklusi adalah sebuah keadaan di mana masyarakat kurang paham terhadap akses keuangan digital.Munculnya permasalahan pada bidang pertanian pertama karena kurangnya lahan, kedua karena kurangya modal petani dan ketiga karena kurangnya pengolah lahan membuat modernisasi teknologi menciptakan teknologi financial  agro pertanian sebagai alternative meningkatkan inklusi keuangan pada bidang pertanian.Penggunan fintech agro di Indonesia dirasa masih kurang karena adanya kendala seperti kurangnya literasi kepada masyarakat, Sumber daya manusia yang kurang dibina, peraturan perundang-undangan yang kurang dan kurangnya akses jaringan ke dalam pelosok desa. Inklusi keuangan bisa  meningkat dengan adanya dukungan dari pemerintah guna peningkatan sarana dan prasarana penunjang untuk penggunaan fintech agro di Indonesia.

scholarly journals The Importance of the Public Sector in Sustainable Development in Poland

2018 ◽  
Author(s):  
Agnieszka Alińska ◽  
Beata Zofia Filipiak ◽  
Aneta Kosztowniak
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Public Sector ◽  
Natural Resources ◽  
Financial Institutions ◽  
Financial Sector ◽  
Public Authorities ◽  
The Public ◽  
The Government

The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development. 

scholarly journals Analisis Pengaruh Jumlah Nasabah, Tingkat Inflasi, dan Profit Pegadaian Syariah terhadap Jumlah Pembiayaan pada PT. Pegadaian (Persero) Cabang Syariah Kota Palembang

2019 ◽  
Vol 10 (1) ◽  
pp. 21
Author(s):  
Muhammad Bahrul Ulum
Keyword(s):  
Regression Analysis ◽  
Financial Institutions ◽  
Inflation Rate ◽  
Secondary Data ◽  
Analysis Tool ◽  
The Public ◽  
Inflation Rates ◽  
Number Of Customers ◽  
The City ◽  
Mortgage Law

<p align="center"><strong>ABSTRACT</strong><em> </em></p><p><em>Financial institutions in Indonesia consist of two namely, bank financial institutions and non-bank financial institutions. In addition to functioning as an intermediary, the two institutions also have a function to channel funds to the public in the form of credit. One of the financial institutions that provide lending services to the public is PT. Pegadaian (Persero). PT. Pegadaian (Persero) develops business by opening sharia pawnshops because the majority of Indonesian people are Muslims, for example in the city of Palembang. Sharia pawnshops as a financing institution have a special purpose, namely lending money on the basis of mortgage law aimed at preventing the practice of bondage, dark pawnshops, usury, and other unnatural loans. The purpose of this study was to determine the effect of the number of customers, inflation rates, and profit of sharia pawnshops on the amount of financing at PT. Pegadaian (Persero) Palembang Syariah Branch. This study uses secondary data from the Central Statistics Agency and PT. Pegadaian (Persero) Palembang Sharia Branch in 2011-2014 and the analysis tool used is multiple regression analysis. In this study it was concluded that the profit of Islamic pawnshops had a positive and significant influence on the amount of financing at PT. Pegadaian (Persero) Syariah Branch of Palembang city, while the number of customers and the inflation rate does not significantly influence the amount of Financing at PT. Pegadaian (Persero) Palembang Syariah Branch.</em></p><p><strong><em>Keywords :</em></strong><em> The number of customers, inflation rate, profit, and the number of financing</em></p><p align="center"><strong>ABSTRAK</strong></p><p><em>Lembaga keuangan di Indonesia terdiri dari dua yaitu, lembaga keuangan bank dan lembaga keuangan non bank. Kedua lembaga ini selain memiliki fungsi sebagai lembaga intermediasi juga memiliki fungsi untuk menyalurkan dana kepada masyarakat dalam bentuk kredit. </em><em>Salah satu lembaga keuangan yang memberikan layanan pemberian pinjaman kepada masyarakat adalah PT. Pegadaian (Persero).</em><em> </em><em>PT. Pegadaian (Persero) memngembangkan bisnis dengan membuka pegadaian syariah dikarenakan masyarakat Indonesia mayoritas beragama islam, contohnya di kota Palembang. </em><em>Pegadaian syariah sebagai lembaga pembiayaan memiliki tujuan khusus yaitu penyaluran uang pinjaman atas dasar hukum gadai yang ditujukan untuk mencegah praktek ijon, pegadaian gelap, riba, serta pinjaman tidak wajar lainnya. Tujuan penelitian ini adalah untuk mengetahui pengaruh jumlah nasabah, tingkat inflasi, dan profit pegadaian syariah terhadap terhadap jumlah Pembiayaan pada PT. Pegadaian (Persero) Cabang Syariah kota Palembang. Penelitian ini menggunakan data sekunder dari Badan Pusat Statistik dan PT. Pegadaian (Persero) Cabang Syariah kota Palembang tahun 2011-2014 dan alat analisis yang digunakan adalah analisis regresi berganda. Dalam penelitian ini disimpulkan bahwa profit pegadaian syariah mempunyai pengaruh positif dan signifikan terhadap jumlah Pembiayaan pada PT. Pegadaian (Persero) Cabang Syariah kota Palembang, sedangkan jumlah nasabah dan tingkat inflasi tidak berpengaruh </em><em>secara </em><em>signifikan terhadap jumlah Pembiayaan pada PT. Pegadaian (Persero) Cabang Syariah kota Palembang.</em></p><strong><em>Kata kunci :</em></strong><em> jumlah nasabah, tingkat inflasi, profit, dan jumlah pembiayaan</em>

scholarly journals The Importance of the Public Sector in Sustainable Development in Poland

2018 ◽  
Vol 10 (9) ◽  
pp. 3278 ◽  
Author(s):  
Agnieszka Alińska ◽  
Beata Filipiak ◽  
Aneta Kosztowniak
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Public Sector ◽  
Natural Resources ◽  
Financial Institutions ◽  
Financial Sector ◽  
Public Authorities ◽  
The Public ◽  
The Government

The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development.

Discursive construction of an anti-immigration Europe by a Sweden Democrat in the European Parliament

2019 ◽  
Vol 16 (3) ◽  
pp. 429-439
Author(s):  
Kamber Güler
Keyword(s):  
Critical Discourse Analysis ◽  
Direct Democracy ◽  
Public Discourse ◽  
Social Power ◽  
European Parliament ◽  
Critical Discourse ◽  
Discursive Construction ◽  
Cognitive Approach ◽  
The Public ◽  
Political Group

Discourses are mostly used by the elites as a means of controlling public discourse and hence, the public mind. In this way, they try to legitimate their ideology, values and norms in the society, which may result in social power abuse, dominance or inequality. The role of a critical discourse analyst is to understand and expose such abuses and inequalities. To this end, this paper is aimed at understanding and exposing the discursive construction of an anti-immigration Europe by the elites in the European Parliament (EP), through the example of Kristina Winberg, a member of the Sweden Democrats political party in Sweden and the political group of Europe of Freedom and Direct Democracy in the EP. In the theoretical and methodological framework, the premises and strategies of van Dijk’s socio-cognitive approach of critical discourse analysis make it possible to achieve the aim of the paper.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

On Waxen Wings: Challenges to the Public Sphere in the Network Age

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Mike Francoeur
Keyword(s):  
Public Sphere ◽  
Public Discourse ◽  
The Internet ◽  
The Public ◽  
Digital Space ◽  
Multiple Viewpoints ◽  
Internet Users ◽  
Economic Production ◽  
The Public Sphere ◽  
Communicative Space

There is a tendency, particularly among Western pundits and technologists, to examine the Internet in almost universally positive terms; this is most evident in any discussion of the medium’s capacity for democratization. While the Internet has produced many great things for society in terms of cultural and economic production, some consideration must be given to the implications that such a revolutionary medium holds for the public sphere. By creating a communicative space that essentially grants everyone his or her own microphone, the Internet is fragmenting public discourse due to the proliferation of opinions and messages and the removal of traditional gatekeepers of information. More significantly, because of the structural qualities of the Internet, users no longer have to expose themselves to opinions and viewpoints that fall outside their own preconceived notions. This limits the robustness of the public sphere by limiting the healthy debate that can only occur when exposed to multiple viewpoints. Ultimately, the Internet is not going anywhere, so it is important to equip the public with the tools and knowledge to be able to navigate the digital space. 

COVID-19 and the politicisation of medical preprints on Twitter: Quantitative Analysis of Social Media Data (Preprint)

2020 ◽  
Author(s):  
Aleksandra Urman ◽  
Stefania Ionescu ◽  
David Garcia ◽  
Anikó Hannák
Keyword(s):  
Social Media ◽  
Direct Effect ◽  
Public Discourse ◽  
The Public ◽  
Media Companies ◽  
Preventative Measures ◽  
Twitter Users ◽  
New Research ◽  
Sharing Patterns ◽  
Political Divide

BACKGROUND Since the beginning of the COVID-19 pandemic, scientists have been willing to share their results quickly to speed up the development of potential treatments and/or a vaccine. At the same time, traditional peer-review-based publication systems are not always able to process new research promptly. This has contributed to a surge in the number of medical preprints published since January 2020. In the absence of a vaccine, preventative measures such as social distancing are most helpful in slowing the spread of COVID-19. Their effectiveness can be undermined if the public does not comply with them. Hence, public discourse can have a direct effect on the progression of the pandemic. Research shows that social media discussions on COVID-19 are driven mainly by the findings from preprints, not peer-reviewed papers, highlighting the need to examine the ways medical preprints are shared and discussed online. OBJECTIVE We examine the patterns of medRxiv preprint sharing on Twitter to establish (1) whether the number of tweets linking to medRxiv increased with the advent of the COVID-19 pandemic; (2) which medical preprints were mentioned on Twitter most often; (3) whether medRxiv sharing patterns on Twitter exhibit political partisanship; (4) whether the discourse surrounding medical preprints among Twitter users has changed throughout the pandemic. METHODS The analysis is based on tweets (n=557,405) containing links to medRxriv preprint repository that were posted between the creation of the repository in June 2019 and June 2020. The study relies on a combination of statistical techniques and text analysis methods. RESULTS Since January 2020, the number of tweets linking to medRxiv has increased drastically, peaking in April 2020 with a subsequent cool-down. Before the pandemic, preprints were shared predominantly by users we identify as medical professionals and scientists. After January 2020, other users, including politically-engaged ones, have started increasingly tweeting about medRxiv. Our findings indicate a political divide in sharing patterns of the top-10 most-tweeted preprints. All of them were shared more frequently by users who describe themselves as Republicans than by users who describe themselves as Democrats. Finally, we observe a change in the discourse around medRxiv preprints. Pre-pandemic tweets linking to them were predominantly using the word “preprint”. In February 2020 “preprint” was taken over by the word “study”. Our analysis suggests this change is at least partially driven by politically-engaged users. Widely shared medical preprints can have a direct effect on the public discourse around COVID-19, which in turn can affect the societies’ willingness to comply with preventative measures. This calls for an increased responsibility when dealing with medical preprints from all parties involved: scientists, preprint repositories, media, politicians, and social media companies. CONCLUSIONS Widely shared medical preprints can have a direct effect on the public discourse around COVID-19, which in turn can affect the societies’ willingness to comply with preventative measures. This calls for an increased responsibility when dealing with medical preprints from all parties involved: scientists, preprint repositories, media, politicians, and social media companies.

Financial Crises and the Public Discourse on Financial Elites

2018 ◽  
Author(s):  
Youssef Cassis ◽  
Giuseppe Telesca
Keyword(s):  
Great Depression ◽  
Great Recession ◽  
Public Discourse ◽  
Codes Of Conduct ◽  
The Public ◽  
The Great Recession ◽  
The Great Depression ◽  
Early Twenty ◽  
Before And After ◽  
Late Twentieth

Why were elite bankers and financiers demoted from ‘masters’ to ‘servants’ of society after the Great Depression, a crisis to which they contributed only marginally? Why do they seem to have got away with the recent crisis, in spite of their palpable responsibilities in triggering the Great Recession? This chapter provides an analysis of the differences between the bankers of the Great Depression and their colleagues of the late twentieth/early twenty-first century—regarding their position within, and attitude towards the firm, work culture, mental models, and codes of conduct—complemented with a scrutiny of the public discourse on bankers and financiers before and after the two crises. The authors argue that the (relative) mildness of the Great Recession, compared to the Great Depression, has contributed to preserve elite bankers’ and financiers’ status, income, wealth, and influence. Yet, the long-term consequences of their loss of reputational capital are difficult to assess.

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