Introduction: Moral and Market disordering in the time of Covid-19

2021 ◽  
Vol 33 (3) ◽  
pp. 145-161
Author(s):  
Michaeline A Crichlow ◽  
Dirk Philipsen

This special issue composed of essays that brainstorm the triadic relationship between Covid-19, Race and the Markets, addresses the fundamentals of a world economic system that embeds market values within social and cultural lifeways. It penetrates deep into the insecurities and inequalities that have endured for several centuries, through liberalism for sure, and compounded ineluctably into these contemporary times. Market fundamentalism is thoroughly complicit with biopolitical sovereignty-its racializing socioeconomic projects, cheapens life given its obsessive focus on high growth, by any means necessary. If such precarity seemed normal even opaque to those privileged enough to reap the largess of capitalism and its political correlates, the onset of the Covid-19 pandemic with its infliction of sickness and death has exposed the social and economic dehiscence undergirding wealth in the U.S. especially, and the world at large. The essays remind us of these fissures, offering ways to unthink this devastating spiral of growth, and embrace an unadulterated care centered system; one that offers a more open and relational approach to life with the planet. Care, then becomes the pursuit of a re-existence without domination, and the general toxicity that has accompanied a regimen of high growth. The contributors to this volume, join the growing global appeal to turn back from this disaster, and rethink how we relate to ourselves, to our neighbors here and abroad, and to the non-humans in order to dwell harmoniously within socionature.

2019 ◽  
Author(s):  
Alexander Noyes ◽  
Frank Keil ◽  
Yarrow Dunham

Institutions make new forms of acting possible: Signing executive orders, scoring goals, and officiating weddings are only possible because of the U.S. government, the rules of soccer, and the institution of marriage. Thus, when an individual occupies a particular social role (President, soccer player, and officiator) they acquire new ways of acting on the world. The present studies investigated children’s beliefs about institutional actions, and in particular whether children understand that individuals can only perform institutional actions when their community recognizes them as occupying the appropriate social role. Two studies (Study 1, N = 120 children, 4-11; Study 2, N = 90 children, 4-9) compared institutional actions to standard actions that do not depend on institutional recognition. In both studies, 4- to 5-year-old children believed all actions were possible regardless of whether an individual was recognized as occupying the social role. In contrast, 8- to 9-year-old children robustly distinguished between institutional and standard actions; they understood that institutional actions depend on collective recognition by a community.


2020 ◽  
Vol 48 (4) ◽  
pp. 421-429
Author(s):  
Robert N. McCauley

Abstract Since the late 1950s, the rest of the world has come to use the dollar to an extent that justifies speaking of the dollar’s global domain. The rest of the world denominates much debt in U.S. dollars, extending U.S. monetary policy’s sway. In addition, in outstanding foreign exchange deals, the rest of the world has undertaken to pay still more in U.S. dollars: off-balance-sheet dollar debts buried in footnotes. Consistent with the scale of dollar debt, most of the world economic activity takes place in countries with currencies tied to or relatively stable against the dollar, forming a dollar zone much larger than the euro zone. Even though the dollar assets of the world (minus the United States) exceed dollar liabilities, corporate sector dollar debts seem to make dollar appreciation akin to a global tightening of credit. Since the 1960s, claims that the dollar’s global role suffers from instability and confers great benefits on the U.S. economy have attracted much support. However, evidence that demand for dollars from official reserve managers forces unsustainable U.S. current account or fiscal deficits is not strong. The so-called exorbitant privilege is small or shared. In 2008 and again in 2020, the Federal Reserve demonstrated a willingness and capacity to backstop the global domain of the dollar. Politics could constrain the Fed’s ability to backstop the growing share of the domain of the dollar accounted for by countries that are not on such friendly terms with the U.S.


Author(s):  
David E. Emenheiser ◽  
Corinne Weidenthal ◽  
Selete Avoke ◽  
Marlene Simon-Burroughs

Promoting the Readiness of Minors in Supplemental Security Income (PROMISE), a study of 13,444 randomly assigned youth and their families, includes six model demonstration projects and a technical assistance center funded through the U.S. Department of Education and a national evaluation of the model demonstration projects funded through the Social Security Administration. The Departments of Labor and Health and Human Services and the Executive Office of the President partnered with the Department of Education and Social Security Administration to develop and monitor the PROMISE initiative. This article provides an overview of PROMISE as the introduction to this special issue of Career Development and Transition for Exceptional Individuals.


Author(s):  
Jeliastiva Jeliastiva ◽  
Farid Fachrurazi

The COVID-19 outbreak has had a serious impact on almost all countries in the world, including Indonesia. In response to this case, various policies began to emerge. Starting from the implementation of work from home, social distancing and physical distancing, until the implementation of large-scale social restrictions (PSBB). overseas investors are busy focusing their finances on the needs of their respective countries to fight the virus. Domestic investment (PMDN) is also predicted to experience a slowdown. The social distancing policy resulted in the community not being able to run the economic system well, especially in the Indonesian investment sector so that the perokoniman namely investment in Indonesia decreased and there were some delays in investment by other countries in Indonesia.


1989 ◽  
Vol 42 (1) ◽  
pp. 95-128 ◽  
Author(s):  
Wayne Sandholtz ◽  
John Zysman

Under the banner of “1992,” the European Communities aim to remove all barriers to the movement of persons, capital, and goods among the member countries. The 1992 movement comprises a set of bargains among European elites. Structural change (relative U.S. decline and Japanese ascent) provoked a rethinking of European roles and interests. The 1992 project emerged as a response because of: (1) the policy leadership exercised by the Commission of the European Communities, with support from a transnational business coalition; and (2) a changed domestic political context in several key countries—specifically, the failure of previous national economic strategies and the transformation of the left. The changes under way will alter regional business competition and politics and will affect the world economic system.


Author(s):  
Thomas Borstelmann

This chapter tracks the economy of the 1970s as it began to decline after the prosperity of previous decades. Economic growth had defined human history for two hundred years, reaching a peak in the generation after 1945 when world economic growth averaged an extraordinary 5–7 percent per year. Americans rode that growth to a higher standard of living than anyone else. But in the 1970s it all seemed to be flowing away. Unemployment, oil shortages, a plunging stock market, recession, and, above all, inflation were apparently ending these golden years of unparalleled prosperity. Inflation hit everyone, and it hit the poor hardest of all. Persistent inflation undercut dreams and hopes for the future. The economic trauma of the 1970s threatened to destabilize Americans' understanding of how the world worked.


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