scholarly journals Schumpeter, Creative Destruction and the American Economy

2021 ◽  
pp. 1-6
Author(s):  
Gautam Nayer, Ph.D.* ◽  
Luis Perez-Feliciano, Ph.D. ◽  
Michael Adams, Ph.D.
Keyword(s):  
Creative Destruction ◽  
Left Wing ◽  
Alive Today ◽  
The World ◽  
Internal Mechanism ◽  
Fountain Of Youth ◽  
American Economy

The world is experiencing the age of Schumpeter and the American economy remains the premier example of a Schumpeterian economy. Despite its many naysayers and the doom and gloom professors that never stop predicting its demise, the American economy continues to show a remarkable capacity to rejuvenate. Orwell once commented that “England is perhaps the only great country whose intellectuals are ashamed of their nationality.” Left-wing intellectuals, he argued, hasted the divorce between intelligence and patriotism, which weakened the country’s morale and emboldened its enemies. Left-wing intellectuals, he argued, hasted the divorce between intelligence and patriotism, which weakened the country’s morale and emboldened its enemies. If he were alive today, it would be interesting to hear his opinion about the relentless barrage of criticism against everything American. One thing seems sure, though, America, not England, is the country most hated by its intellectual class. Any talk about Schumpeter’s “gale of creative destruction” is anathema to these “critical critics.” After all, when it comes to everything American, these individuals believe that they must criticize for the sake of criticism. The thought that capitalism has an internal mechanism akin to a fountain of youth must be disheartening to those whose blinders prevent them from accepting opposing facts. Frightenedly, these same intellectuals are apologists for every dictatorship the world over.

Geopolitical Factors of U.S. Energy Security System Formation

2013 ◽  
pp. 42-48
Author(s):  
E. Telegina ◽  
M. Tadzhiev
Keyword(s):  
Energy Security ◽  
Alternative Energy ◽  
Cost Effective ◽  
New Approach ◽  
Alternative Energy Sources ◽  
Global Demand ◽  
The World ◽  
The Usa ◽  
Energy Products ◽  
American Economy

According to judgemental forecasts, in the next few years the revolutionary changes in the energy complex both in the USA and in the world in general are hardly possible, considering the enormous inertia of the energetic system and high expenses coming from the infrastructure supersession, even in case of cost-effective alternatives to the existing energy commodities. At the same time, the sharpening of energy security problems resulting from the growth of a global demand on energy products leads to perceprion of necessity for a new approach to forming the global energy market, and to development of new stability and reliability strategies maintenance for assured supplies of energy products. In recent years, the USA as the biggest consumer of energy resources in the world worked out a new national strategy of energy security provision. Its main targets are: meeting the requirements of the American economy of its own resources, lowering the import-dependence level, high use of innovation technologies, significant increase of investments in alternative energy sources, as well as of resource-and energy-saving.

Politics and practice

2017 ◽  
Author(s):  
Gregor Gall
Keyword(s):  
Crucial Role ◽  
Union Leader ◽  
Mass Action ◽  
Left Wing ◽  
Union Power ◽  
Political Struggles ◽  
The World ◽  
The Relationship

This chapter and the following ones provide an analysis of Crow in terms of his person, politics and members’ potential power. So left-wing radicalism provided the parameters for how Crow looked at the world and guided his role a union leader. Indeed, this intellectual framework attributed a crucial role to unions as agents for radical ends. This chapter then begins by look at his intellectual worldview before moving on to examine how it played out in practice and the conditions which allowed it to be played out. It thus considers his ‘socialism/communism’ (his words), and despite his political training, his political heterodoxy along with his views on the synergy of industrial and political struggles, the relationship between class and sectionalism, and the sources of union power and his bargaining strategy. The chapter also examines his relationship with citizens as members of the travelling public and his calls for mass action to defeat austerity.

British Labour in Search of a Socialist Foreign Policy

1950 ◽  
Vol 12 (2) ◽  
pp. 197-214
Keyword(s):  
Foreign Policy ◽  
Soviet Union ◽  
The United States ◽  
Military Power ◽  
Left Wing ◽  
The Soviet Union ◽  
The World ◽  
British Labour ◽  
Capitalist World ◽  
The Moment

The thinking of Left Wing Labourites on foreign policy since 1945 reveals the frustration, and, withal, the persistence of Utopian hopes in a period of particularly rapid and alarming change on the world stage.The victory of the British Labour Party in the elections of July, 1945 opened up to Left Wing Labourites intoxicating vistas of permanent peace and socialist brotherhood. The moment of triumph was ironically favorable to the fervor of Socialist Utopian hopes. Fascist military power in Europe had been crushed, and thb feat had been accomplished by the combined endeavors of the United States, Britain and the Soviet Union. Russia, so long the Janus of the socialists, socialist state and enemy of socialists, appeared to be ready for cooperation. Labourites gladly abandoned their “red-baiting” suspicions, and looked for the building of a socialist Europe, aided by the Resistance parties, whose work was generally exaggerated and, just as generally, claimed for socialism. Problems of economic reconstruction were of a magnitude to encourage believers in planning that the capitalist world would itself become socialist in its solutions; and the apparently imminent liquidation of old colonial empires made the radiance of freedom's dawn even more dazzling.

Abstract Art and Left-Wing Politics in the Weimar Republic

2004 ◽  
Vol 37 (1) ◽  
pp. 49-90 ◽  
Author(s):  
Vernon L. Lidtke
Keyword(s):  
Political Parties ◽  
Weimar Republic ◽  
Social Reform ◽  
Public Life ◽  
Abstract Art ◽  
Social Revolution ◽  
Left Wing ◽  
Visual Artists ◽  
The Arts ◽  
The World

In the midst of the upheaval created by military defeat, the collapse of the Hohenzollern and other German monarchies, and the threat of radical social revolution, a movement that had been taking shape for some time became a visible presence in German public life. Intellectuals, writers, visual artists, and numerous others declared that they would no longer remain aloof from the world of politics, social reform, and even revolution. On the contrary, they would seek to merge the arts and politics into a synthesis that would help to mold a new and greatly improved society. They issued manifestos and programs, founded organizations and journals, joined political parties — primarily on the left — and went to the streets, at least to observe if not also to act. The majority of the participants in this movement were, at some point in their careers, part of new artistic trends and, as such, contributors to the formation and advancement of aesthetic modernism in Germany.

scholarly journals UniMAP 2025: Foresighting for a Frenzied Future

2018 ◽  
Vol 1 (1) ◽  
pp. 13-22
Author(s):  
Harshita Aini Haroon ◽  
Zul Azhar Zahid Jamal
Keyword(s):  
Higher Education ◽  
Social Media ◽  
21St Century ◽  
George Orwell ◽  
The Novel ◽  
Alive Today ◽  
The World

George Orwell, the English author, in his book called “Nineteen Eighty Four” wrote about life set in the year 1984, painting a depressing picture of a world filled with propaganda, never-ending war, and a life occupied with pervasive scrutiny of one’s life by others. One of the tools Winston, the protagonist in the dystopian novel, has to contend with is the telescreen. Its functions are to monitor a person’s movement and capture their conversation where ever they may be, including in private places such as one’s own home. What is very compelling about the book, we find, is that it was written in 1949. Orwell was able to predict rather splendidly what he thought life would be like 35 years ahead of the time he wrote the book. Now, fast forward 69 years later, Orwell’s telescreen is really not very different from our smartphones and other social media devices. Our smartphones now not only keep information about us once we log in, but are able to gather information from our speeches even when we are not talking into it! Orwell’s 1984 is an epitome of foresight, as it is not only the telescreen in the novel that we can identify with in the 21st century, but many other aspects of the current sociopolitical goings-on in the world. If Orwell were still alive today, we would like to ask him – what would higher education be like in the next ten years?

scholarly journals Creative Destruction Theory Space as the Ultimate End for post-COVID-19 Recovery in Sub-Saharan Africa

2021 ◽  
Vol 2021 (2) ◽  
pp. 9-17
Author(s):  
Emerson Abraham Jackson
Keyword(s):  
World Economy ◽  
New Technologies ◽  
Focal Point ◽  
Creative Destruction ◽  
Sub Saharan Africa ◽  
Education Professional ◽  
Education Professional Development ◽  
The World ◽  
Sub Saharan ◽  
Human Integrity

The emergence of COVID-19 has made it ever more onerous for the world economy to rethink the way things are done and to be done. The need and almost compulsory way of services being catered for will never have been made so practically obvious without the influence of a pandemic like COVID-19. The world at some point in time was almost brought to a standstill, with services pertaining to supply-chain deliverables, education / professional development and many more almost brought to a halt. This paper has the platform for critically assessing the pathway SSA economies (SSA) should follow, notably creativity in new technologies, while adopting a stance on ISI approach in order to reduce its reliance on the importation of essential commodities, which seem to have been a worrying concern throughout the crisis of COVID-19. Suggestions for SSA economies to embrace the notion of creative destruction is the focal point in this paper for the realization of growth and development, while at the same time harnessing the power of human integrity to champion competitive innovation.

scholarly journals Germany and China Have Savings Gluts, the USA Is a Sump: So What?

2020 ◽  
pp. 1-30
Author(s):  
Lance Taylor
Keyword(s):  
United States ◽  
The United States ◽  
Terms Of Trade ◽  
The Political ◽  
Trade Imbalance ◽  
The World ◽  
The Usa ◽  
Set Up ◽  
Bp Model ◽  
American Economy

A “global saving glut” was invented by Ben Bernanke in 2005 as a label for positive net lending (imports exceeding exports) to the American economy by the rest of the world. This trading situation had already emerged around 1980, and led to the Plaza Accord in 1985. One common explanation is based on the Mundell-Fleming IS/LM/BP model. But this model cannot be valid, since the “BP” equation is not independent of “IS.” Other champions of this saving glut hypothesis rely on loanable funds theory, which is institutionally inadequate. More plausible analyses of the persistent trade imbalance can be derived from a two-country IS/LM set-up devised by Wynne Godley, a Kaleckian description of the political economy of East Asia and the United States, and dissection of the terms of trade due to W. Arthur Lewis and Luigi Pasinetti.

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