Capitalism and Its Current Crisis

2016 ◽  
Vol 67 (8) ◽  
pp. 1 ◽  
Author(s):  
Prabhat Patnaik

The "thirty-year crisis" of capitalism, which encompassed two world wars and the Great Depression, was followed by a period that some economists call the Golden Age of capitalism. Today, however, capitalism is once again enmeshed in a crisis that portends far-reaching consequences. I am not referring here to the mere phenomenon of the generally slower average growth that has marked the system since the mid-1970s. Rather, I am talking specifically of the crisis that started with the collapse of the U.S. housing bubble in 2007-8 and which, far from abating, is only becoming more pronounced.&hellip; The Western media often give the impression that the capitalist world is slowly emerging from this crisis. Since the Eurozone continues to be mired in stagnation, this impression derives entirely from the experience of the United States, where there has been talk of raising the interest rate on the grounds that the crisis is over, and inflation is now the new threat.&hellip; To claim&hellip;that the United States is experiencing a full recovery is, in terms of working class well-being and economic security, wrong. And if we consider the rest of the world, especially recent developments in the "emerging economies," the situation is much worse.<p class="mrlink"><p class="mrpurchaselink"><a href="http://monthlyreview.org/index/volume-67-number-8" title="Vol. 67, No. 8: January 2016" target="_self">Click here to purchase a PDF version of this article at the <em>Monthly Review</em> website.</a></p>

2021 ◽  
Vol 11 (1-2) ◽  
pp. 231-257

Connectedness is vital for health and well-being. Families with lower socioeconomic status and of racial and ethnic minority groups experience inequities in social connections compared to families with higher income and of White race in the United States. We aimed to understand how families in lower-income neighborhoods experienced social connectedness and isolation during the COVID-19 pandemic and if and how political, economic, and other societal factors influenced social connectedness. We conducted in-depth interviews with nineteen caregivers of young children in Cincinnati, Ohio. Participants had a decreased sense of social connectedness to family and friends but also across all aspects of their lives. The current crisis has exacerbated preexisting societal conditions within the United States. We can learn from these caregivers how best to bolster social connectedness and disrupt social isolation.


Author(s):  
John M. Herrick

Social policy is how a society responds to social problems. Any government enactment that affects the well-being of people, including laws, regulations, executive orders, and court decisions, is a social policy. In the United States, with its federal tradition of shared government, social policies are made by governments at many levels—local, state, and national. A broad view of social policy recognizes that corporations and both nonprofit and for-profit social-service agencies also develop policies that affect customers and those they serve and therefore have social implications. Social policies affect society and human behavior, and their importance for social-work practice has long been understood by the social-work profession. Modern social welfare policies, which respond to basic human needs such as health care, housing food, and employment, have evolved since their introduction during the New Deal of the 1930s as responses to the Great Depression. In the aftermath of the recent “Great Recession” that began in 2006, the nation has once again experienced the kinds of social problems that led to the creation of innovative social welfare policies in the 1930s. How policy makers respond to human needs depends on who has the power to make policy and how they conceptualize human needs and the most effective ways to respond to them. In the early 21st century, the idea that the state should guarantee the welfare and well-being of its citizens through progressive welfare state policies and services has few adherents among policy makers. The complex social problems resulting from the recession—the highest unemployment since the Great Depression of the 1930s, escalating budget deficits at all levels of government, an unprecedented housing crisis exemplified by massive foreclosures, increasing social and economic inequality, a nation polarized by corrosive political conflict and incivility—create a context in which social policies are debated vociferously. Social workers, long committed to the ideal of social justice for all, are obligated to understand how policies affect their practice as well as the lives of those they serve and to advocate for policies that will improve social well-being as the United States recovers.


2014 ◽  
Author(s):  
Cassidy Bibo ◽  
Julie Spencer-Rodgers ◽  
Benaissa Zarhbouch ◽  
Mostafa Bouanini ◽  
Kaiping Peng

2020 ◽  
Author(s):  
Francesco Rigoli

Research has shown that stress impacts on people’s religious beliefs. However, several aspects of this effect remain poorly understood, for example regarding the role of prior religiosity and stress-induced anxiety. This paper explores these aspects in the context of the recent coronavirus emergency. The latter has impacted dramatically on many people’s well-being; hence it can be considered a highly stressful event. Through online questionnaires administered to UK and USA citizens professing either Christian faith or no religion, this paper examines the impact of the coronavirus crisis upon common people’s religious beliefs. We found that, following the coronavirus emergency, strong believers reported higher confidence in their religious beliefs while non-believers reported increased scepticism towards religion. Moreover, for strong believers, higher anxiety elicited by the coronavirus threat was associated with increased strengthening of religious beliefs. Conversely, for non-believers, higher anxiety elicited by the coronavirus thereat was associated with increased scepticism towards religious beliefs. These observations are consistent with the notion that stress-induced anxiety enhances support for the ideology already embraced before a stressful event occurs. This study sheds light on the psychological and cultural implications of the coronavirus crisis, which represents one of the most serious health emergencies in recent times.


Author(s):  
Alexandra Délano Alonso

This chapter demonstrates how Latin American governments with large populations of migrants with precarious legal status in the United States are working together to promote policies focusing on their well-being and integration. It identifies the context in which these processes of policy diffusion and collaboration have taken place as well as their limitations. Notwithstanding the differences in capacities and motivations based on the domestic political and economic contexts, there is a convergence of practices and policies of diaspora engagement among Latin American countries driven by the common challenges faced by their migrant populations in the United States and by the Latino population more generally. These policies, framed as an issue of rights protection and the promotion of migrants’ well-being, are presented as a form of regional solidarity and unity, and are also mobilized by the Mexican government as a political instrument serving its foreign policy goals.


2021 ◽  
pp. 1-10
Author(s):  
Man Guo ◽  
Yi Wang ◽  
Jinyu Liu ◽  
Meredith Stensland ◽  
XinQi Dong

2021 ◽  
Vol 35 ◽  
pp. 100848
Author(s):  
Ganesh M. Babulal ◽  
Valeria L. Torres ◽  
Daisy Acosta ◽  
Cinthya Agüero ◽  
Sara Aguilar-Navarro ◽  
...  

2020 ◽  
pp. 002087282097061
Author(s):  
Qin Gao ◽  
Xiaofang Liu

Racial discrimination against people of Chinese and other Asian ethnicities has risen sharply in number and severity globally amid the COVID-19 pandemic. This rise has been especially rapid and severe in the United States, fueled by xenophobic political rhetoric and racist language on social media. It has endangered the lives of many Asian Americans and is likely to have long-term negative impacts on the economic, social, physical, and psychological well-being of Asian Americans. This essay reviews the prevalence and consequences of anti-Asian racial discrimination during COVID-19 and calls for actions in practice, policy, and research to stand against it.


Author(s):  
Shefali Juneja Lakhina ◽  
Elaina J. Sutley ◽  
Jay Wilson

AbstractIn recent years there has been an increasing emphasis on achieving convergence in disaster research, policy, and programs to reduce disaster losses and enhance social well-being. However, there remain considerable gaps in understanding “how do we actually do convergence?” In this article, we present three case studies from across geographies—New South Wales in Australia, and North Carolina and Oregon in the United States; and sectors of work—community, environmental, and urban resilience, to critically examine what convergence entails and how it can enable diverse disciplines, people, and institutions to reduce vulnerability to systemic risks in the twenty-first century. We identify key successes, challenges, and barriers to convergence. We build on current discussions around the need for convergence research to be problem-focused and solutions-based, by also considering the need to approach convergence as ethic, method, and outcome. We reflect on how convergence can be approached as an ethic that motivates a higher order alignment on “why” we come together; as a method that foregrounds “how” we come together in inclusive ways; and as an outcome that highlights “what” must be done to successfully translate research findings into the policy and public domains.


Sign in / Sign up

Export Citation Format

Share Document