Interesting posts and articles from around the web, collected in one place.
Plus original content from our researchers and other contributors.
The Future of Capitalism in Europe; Essay Contest for Students and Young Researchers
The Future Markets Consultation invites master students and young scholars to submit their ideas on a sustainable and just market economy for Europe in the shape of an essay. A prize is available in three categories: (1) bachelor students, (2) master & PhD students and (3) young scholars until 35 years. A selection of the best essays will be published on both the consultation website and on the Moral Markets portal. Deadline for submission is 3 January 2020.
‘Don’t Be Evil’ Author Rana Foroohar in Monday’s Dialogue
“Google was founded with the corporate motto: ‘Don’t be evil.’ Now that phrase serves as the title of a new book that explores how Big Tech has strayed from its original path and exploited its users in the process. Rana Foroohar, author of Don’t Be Evil: How Big Tech Betrayed Its Founding Principles – and All of Us, joined CBSN to discuss the industry’s powerful impact on society.” This upcoming Monday Foroohar is one of the guests in next online dialogue of the Future Markets Consultation, this time on the topic of the new corporate power concentrations.
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Elisa Terragno Bogliaccini at the start of the dialogue ‘How Can Markets Be Reconciled with Ecology?‘ (2 November).
How Can Markets Be Reconciled with Ecology – Recording Live Cast Now Available
The recording of our live cast on reconciling markets with ecology (2 November) with economists Julia Steinberger and Ann Pettifor is now available. The interview with Steinberger and the interview with Pettifor, part of the episode, are also available as separate videos.
Structural Change and the Green New Deal with Ann Pettifor
“Economist Ann Pettifor outlines her take on the need to press for structural change within the financial and economic systems to tackle the climate crisis, rather than allowing the responsibility to be piled on to individuals and their communities“; fragment from an RSA event in December 2019. Upcoming Monday Pettifor is one of our guests in the next online dialogue of the Future Markets Consultation, this time on the topic of reconciling markets and ecology.
Work: Democratize, Decommodify, Remediate
“Left to their own devices, most capital investors will not care for the dignity of labor investors; nor will they lead the fight against environmental catastrophe. Another option is available. Democratize firms; decommodify work; stop treating human beings as resources so that we can focus together on sustaining life on this planet”, says a recent manifesto that has meanwhile been signed by more than 3.000 scholars / scientists and that was now also submitted as a viewpoint for the Future Markets Consultation.
Globalization Needs Rebuilding, Not Just Repair
“If US President Donald Trump is defeated on November 3, there will be no lack of eagerness to erase his international economic legacy. Policymakers should focus on taking care of global public goods, containing the weaponization of economic relations, and making the international system fairer”, writes Jean Pisani-Ferry.
Aligning Economies Worldwide to End Poverty – Recording Live Cast Now Available
The recording of our live cast on aligning economies worldwide to end poverty (26 October) with economists Jeffrey Sachs and Muhammad Yunus is is now available. The interview with Sachs and the interview with Yunus, part of the episode, are also available as separate videos.
It’s Time to End Slash-and-Burn Capitalism
“We don’t need to reinvent capitalism. We just need to practice it. That means that corporations that embrace market mechanisms and decry government intervention in the good times should not change the rules when times turn tough. Privatizing profits while socializing risks isn’t capitalism: It’s rigged roulette. Equally important, practicing capitalism does not mean insisting on special treatment from government that benefits shareholders at the expense of other stakeholders. And it means treating government as the vital partner to business, one that supports the physical and social infrastructure, and the political stability, that make business possible.”
Will the Poor Always Be Among Us?
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Eefje de Gelder at the start of the dialogue ‘Aligning Economies Worldwide to End Poverty‘ (26 October).
The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century
“In The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century, Rodrigo Aguilera challenges the arguments of the ‘New Optimists’, showing their progress narrative to be a conservative defence of the status quo that is ill-equipped to deal with pressing socioeconomic problems. In making clear that we do not live in the best of all possible worlds, this deep analysis offers a refreshing perspective on complex political and economic phenomena, writes Elena Cossu.”
Ecocide: Kill the Corporation Before it Kills Us
“In Ecocide: Kill the Corporation Before it Kills Us, David Whyte argues that corporations are a critical yet neglected cause of our global environmental crisis. Accessibly written with excellent examples and case studies of modern business conduct, this bold book will be a valuable addition to reading lists, particularly for those studying political economy and business, recommends Atul K. Shah.”
The Many Dimensions of (In)Equality
In a recent dialogue philosopher Elisabeth Anderson and economist François Bourguignon discussed the relationship between free markets and inequality. Ilse Oosterlaken reports on the key points.
Algorithms Are Making Economic Inequality Worse
“The risks of algorithmic discrimination and bias have received much attention and scrutiny, and rightly so. Yet there is another more insidious side-effect of our increasingly AI-powered society — the systematic inequality created by the changing nature of work itself. We fear a future where robots take our jobs, but what happens when a significant portion of the workforce ends up in algorithmically managed jobs with little future and few possibilities for advancement?”
Economics for the People
“Against the capitalist creeds of scarcity and self-interest, a plan for humanity’s shared flourishing is finally coming into view”