scholarly journals Democracy, neoliberalism and the alternative

2020 ◽  
Vol 15 (1) ◽  
pp. 79-90
Author(s):  
Slobodan Milić
Keyword(s):  
21St Century ◽  
Economic Systems ◽  
Capitalist System ◽  
Neoliberal Capitalism ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
The Difference ◽  
Political Economic ◽  
Paper Author

In this paper author is dealing with the problem of democracy and neoliberal capitalism, through the prism of history; it explains the difference in certain socio-economic and political-economic systems. The concept of the neoliberal capitalist system that has been current for the last forty years has become unsustainable due to the enormous inequalities in the society that it has created. Therefore today, the rich are getting richer, while the poor are getting poorer. It has also been shown that without the economic intervention of a state, no economic system can survive. The growing protests throughout Europe and the world have prompted the author to consider the following questions' What are the alternatives to neoliberal capitalism? Why are Marxism and socialism always current when we talk about changing? Can we talk about socialism in the 21st century?

scholarly journals Alleviating Poverty

2015 ◽  
Vol 28 (1) ◽  
Author(s):  
Ajay Phatak
Keyword(s):  
Standard Of Living ◽  
Policy Makers ◽  
The Poor ◽  
The World ◽  
Employment Generation ◽  
The Rich ◽  
The Difference ◽  
Viable Approach ◽  
The Masses ◽  
The Impact

This essay is focused on an important subject discussed all over the country and the world, especially in political circles and among policymakers. There is a need established that to be able to pull individuals and communities out of poverty, we need that, meaningful employment is generated for a very large number of people. World over, certain approaches have been used by the policy makers which seem to increase the divide between the haves and have-nots. The policy of industrialization is leading nations into widening the gap between rich and the poor. It is also creating undesirable side effects by way of ‘pollution’ and depletion of resources at an ever increasing pace. This situation leads to the author’s belief that something is not right. Such policies will not lead to sustainable livelihoods for masses. Hence this attempt to explore alternative policies, which could provide a viable approach to alleviating poverty. Poverty alleviation is indeed a noble goal. All of us must also be seriously concerned about the difference in the standard of living between the rich and the poor. Moreover, our objective must be to see how the masses can live well and peacefully. Around the world and within our country, being unemployed is not the best state to be in. Employment in this context is gainful occupation. The impact of such unemployment has been disastrous. This has led to militancy on one hand and ongoing unrest in many a city on the other. The way forward, as proposed since many decades and being followed incessantly, is “consumerism” to help us get out of this mess. Industrial mode of employment generation has been linked to production and productivity. But all aspects of Industrial production are linked to use of natural resources to produce intermediate goods. This means any additional employment generated would dip further into the natural resource reserves. Can one think of a very different model of generating employment? Employment which does not dip into the reserves? Employment that can restore biological resources? There seems to be an opportunity for more thinking at the policy level to understand the root causes of unemployment and how we can tackle these for creating employment that can sustain, resulting in sustainable elimination of poverty.

Partial Equality

Dialogue ◽  
1998 ◽  
Vol 37 (4) ◽  
pp. 775-798
Author(s):  
Colin M. MacLeod
Keyword(s):  
Political Philosophy ◽  
Equality Of Opportunity ◽  
Difference Principle ◽  
Historical Injustice ◽  
The Poor ◽  
Current Distributions ◽  
Theories Of Justice ◽  
The World ◽  
The Rich ◽  
The Difference

Despite the diversity and important disagreement which characterizes theorizing in political philosophy, most contemporary theories of justice yield remarkably similar verdicts on the moral adequacy of current distributions of wealth, income, and opportunity. By almost any standard of justice defended today, we live in a profoundly unjust world. It is obvious, for instance, that utilitarianism, the difference principle, equality of resources, and even modest-sounding principles of equality of opportunity all condemn the yawning gulf which separates the rich and the poor of the world. Even Nozick's recommendation that the difference principle be used as a rough principle for rectifying historical injustice indicates how little immediate practical difference there is between Rawls's theory and its supposed libertarian antithesis. All this suggests that there is a surprising theoretical consensus about the immediate practical demands of justice. In short, moving toward justice requires substantially reducing the dramatic inequalities which plague our world.

Comparative Study Of Islamic Economic Law And The Capitalist

2018 ◽  
Vol 16 (2) ◽  
pp. 104
Author(s):  
Tesa Mellina ◽  
Mohammad Ghozali
Keyword(s):  
Economic System ◽  
Capitalist System ◽  
Economic Problems ◽  
Economic Law ◽  
The Poor ◽  
Economic Practice ◽  
The World ◽  
Islamic Economic ◽  
Economic Injustice ◽  
Islamic Values

The implementation ofthe capitalist system has eliminated the Islamic values in economic practice. After the financial crisis hit the world, the capitalist system reaped many questions and its greatnessbegins to be doubted. The capitalist system implementationprecisely creates new problems in the economy. The concept of individualism which is the main key in capitalist practice only creates economic injustice and misery of the poor. The only economic theory that is expected as a light in dealing with economic problems is an economic system that is able to create justice,the welfare of all parties and blessings both the world and the hereafter. The theory is the Islamic economics which in practice is inseparable from Islamiceconomic law. Islamic economic law that underlies the Islamic economic system is totally different from the capitalist economic system.Keywords: Islamic Economic Law; Islamic economics; Capitalist Economy

When Do the Rich Vote Less Than the Poor and Why? Explaining Turnout Inequality across the World

2014 ◽  
Vol 59 (3) ◽  
pp. 613-627 ◽  
Author(s):  
Kimuli Kasara ◽  
Pavithra Suryanarayan
Keyword(s):  
The Poor ◽  
The World ◽  
The Rich

scholarly journals Globalisation and older people: effects of markets and migration

2002 ◽  
Vol 22 (5) ◽  
pp. 647-663 ◽  
Author(s):  
GAIL WILSON
Keyword(s):  
Social Policy ◽  
Older People ◽  
Economic Restructuring ◽  
Older Men ◽  
World Trade Organisation ◽  
Men And Women ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Older Men And Women

This paper discusses the material aspects of globalisation and the effects of the movements of trade, capital and people around the world on older men and women. While some older people have benefited, most notably where pensions and health care are well developed, the majority of older men and women are among the poor who have not. Free trade, economic restructuring, the globalisation of finance, and the surge in migration, have in most parts of the world tended to produce harmful consequences for older people. These developments have been overseen, and sometimes dictated, by inter-governmental organisations (IGOs) such as the International Monetary Foundation (IMF), the World Bank and the World Trade Organisation (WTO), while other IGOs with less power have been limited to anti-ageist exhortation. Globalisation transfers resources from the poor to the rich within and between countries. It therefore increases social problems while simultaneously diminishing the freedom and capacity of countries to make social policy. Nonetheless, the effects of globalisation, and particularly its financial dimensions, on a nation's capacity for making social policy can be exaggerated. Political will can combat international economic orthodoxy, but the evident cases are the exception rather than the rule.

Stuff goes wrong, so act now

2017 ◽  
Vol 40 ◽  
Author(s):  
Michala Iben Riis-Vestergaard ◽  
Johannes Haushofer
Keyword(s):  
Mortality Risk ◽  
Common Cause ◽  
The Poor ◽  
Primary Mechanism ◽  
The Rich ◽  
The Difference

AbstractPepper & Nettle make an ambitious and compelling attempt to isolate a common cause of what they call the behavioral constellation of deprivation. We agree with the authors that limited control can indeed help explain part of the difference in observed present-oriented behavior between the poor and the rich. However, we suggest that mortality risk is not the primary mechanism leading to this apparent impatience.

scholarly journals KONSEP HAK MILIK DALAM EKONOMI ISLAM

2017 ◽  
Vol 9 (2) ◽  
pp. 189-207
Author(s):  
AN Ras Try Astuti ◽  
Andi Faisal
Keyword(s):  
Developing Countries ◽  
Social Justice ◽  
Economic System ◽  
The Other ◽  
Private Ownership ◽  
The Poor ◽  
The World ◽  
Joint Ownership ◽  
The Rich ◽  
The Individual

Capitalism as an economic system that is implemented by most countries in the world today, in fact it gave birth to injustice and social inequalityare increasingly out of control. Social and economic inequalities are felt both between countries (developed and developing countries) as well as insociety itself (the rich minority and the poor majority). The condition is born from the practice of departing from faulty assumptions about the man. In capitalism the individual to own property released uncontrollably, causing a social imbalance. On the other hand, Islam never given a state model that guarantees fair distribution of ownership for all members of society, ie at the time of the Prophet Muhammad established the Islamic government in Medina. In Islam, the private ownership of property was also recognized but not absolute like capitalism. Islam also recognizes the forms of joint ownership for the benefit of society and acknowledges the ownership of the state that aims to create a balance and social justice.

Deconstructing the ‘Digital Divide’ In Africa

2012 ◽  
pp. 222-236
Author(s):  
Stephen Mutula
Keyword(s):  
Developing Countries ◽  
Digital Divide ◽  
Information Society ◽  
Wealth Creation ◽  
World Summit ◽  
Cable Tv ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Developed World

The debate about whether the digital divide between Africa and the developed world is narrowing or widening has intensified over the last five years. Some believe that access to technology is positively correlated to economic development and wealth creation, however, since the dawn of the last century, the gap between the rich and the poor within and between developed and developing countries has continued to grow. The protagonists in this debate do not seem to appreciate the notion that the digital divide is not about a single technology, and is driven by a complex set of factors that exist beyond wires. This paper attempts to deconstruct the concept of the digital divide beyond access to PCs, telephones, Internet, cable TV, etc… The authors argue that the phenomenon as currently conceived is misleading and flawed, and so are the indices for its measurement. Suggestions that a new model for mapping the phenomenon is made in order to bridge the divide between developed and developing countries. In deconstructing the digital divide, the authors use the Declaration of Principles of the World Summit on Information Society and the indices used to measure e-readiness, information society, digital opportunity, and e-government.

Thomas Piketty’s Historical-Institutional Study of Wealth and Income Inequality

2020 ◽  
Vol 46 (7-8) ◽  
pp. 1311-1325
Author(s):  
John Eustice O’Brien
Keyword(s):  
Income Inequality ◽  
Environmental Responsibility ◽  
Market Regulation ◽  
Minor Variation ◽  
Economic Rights ◽  
Neoliberal Capitalism ◽  
The Poor ◽  
The World ◽  
The Right ◽  
Thomas Piketty

In his Capital and Ideology, Thomas Piketty (2019) deepens and broadens his historical and material analysis of the institutional sources of wealth and income inequality. Fueled by an expanded data base, he extends his position to cover the globe. In his earlier work, he disavowed Kuznets, demonstrating that under néoliberal capitalism, concentration of wealth continues at the top of the economic ladder, while indifferent to the suffering among those at the bottom. With his data he demonstrates that the problem of inequality is due only partly to capitalism as technical machine, and moreso to the way governments facilitate it in favor of their elites. This occurs thanks to an informal and unchallenged ideological consensus, that the wealthy have earned the right to their advantage, as have also–in negative terms, the poor. Without major restructuring, this is the inevitable yield under the ‘regimes of inequality’, which with minor variation today characterize all major nations around the world. As alternative, he proposes a participative-socialism, with modification concerning the nature of property, its distribution and ownership, supported by alterations in market regulation, economic rights, worker participation in enterprises, education, citizen engagement and environmental responsibility.

The U.N. and the (Economic) Education of Henry Kissinger

Worldview ◽  
1976 ◽  
Vol 19 (1-2) ◽  
pp. 7-14 ◽  
Author(s):  
Helena Stalson
Keyword(s):  
New York ◽  
International System ◽  
The United States ◽  
Economic Education ◽  
Henry Kissinger ◽  
Poor Countries ◽  
The Poor ◽  
The World ◽  
The Rich ◽  
Rich Countries

Something remarkable and of historic importance took place in New York during the first two weeks of September, 1975. At a Special Session of the United Nations the poor countries of the world, who have 70 per cent of its people and 30 per cent of its income, demanded that the rich, countries make some major changes in the international system. And the rich countries, including the United States, responded in new ways. Most reporters failed to notice how remarkable the events were, but the evidence is there.

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