Germany: A False Model at Reports from the Economic Front. As growing numbers of countries face renewed austerity pressures, there is a tendency to explain the trend by searching for specific policy failures in each country rather than considering broader structural dynamics. Key to the credibility of those who argue for a focus on national decisions is the existence of countries that people believe are performing well.
Thus, the argument goes, if only policy makers followed best practices their people wouldn’t find themselves in such a bad place. Recently, German has become one of these model countries. Here is a typical framing of the German experience: At a time when unemployment rates in France, Italy, the UK, and the US are stuck around 8%-9%, many are turning to the apparent miracle in the German labor market in search of lessons. In 2008–09, German GDP plummeted 6.6% from peak to trough, yet joblessness rose only 0.5 percentage points before resuming a downward trend, and employment fell only 0.5%.
The Fallacy of Tuna Fish Economics. In Economics 10 lecture last Wednesday, Professor Andrei Shleifer ’82 waxed poetic about the macroeconomic implications of tuna fish sandwiches. According to Professor Shleifer, Harvard is analogous to the U.S. government, and Harvard University Dining Services, which runs the Science Center Greenhouse Cafe, is analogous to a government agency. Since tuna fish sandwiches at the Business School, where food services are contracted out, are cheaper and better than those at the Science Center, the dining hall workers’ union is directly responsible for rising tuition costs.
Thus, both universities and government should privatize or contract out as many public services as possible. If that logic seems far-fetched, it is interesting to note that it breaks down every step of the way. To start, the Science Center sandwiches are in fact not prepared by HUDS workers, but rather are bought from an outside, private company. Rachel J. Sandalow-Ash ‘15 lives in Wigglesworth Hall. Egyptians are being held back by neoliberalism, not religions | Rachel Shabi. Egypt's Muslim Brotherhood and its supporters have tried to frame the current crisis in religious terms, casting opposition to their speedily drafted constitution as the petulance of an anti-Islamist, liberal elite. Media analysis has often replicated this theme: in one corner stands Brotherhood-propelled President Mohamed Morsi who has the supposed blessings of a religious population.
And in the other corner, the "secular" opposition, banging on about small details of a constitution that isn't that bad. Such wrongheaded analysis prompted Egypt expert Dr HA Hellyer from the Brookings Institution to politely request that western media "knock it off". But the result of Egypt's first referendum on the constitution (a second referendum takes place this Saturday, in districts that have yet to vote) has exposed some of the real sticking points. The referendum had to be split into two stages because so few Egyptian judges agreed to supervise it. LENIN'S TOMB.
Who controls the world? More resources for understanding. Occupy Wall Street’s slogan “We are the 99%” had been echoing through the United States and the world for just over a month when James B. Glattfelder and his co-authors released the study “The Network of Global Corporate Control” in October 2011. The study was a scientific look at our global economy, revealing how control flows like water through pipes — some thin, some thick — between people and companies. The finding: that control of our economy is highly tightly concentrated into a small core of top players, leaving us all vulnerable to fast-spreading economic distress. James B. Glattfelder: Who controls the world?
In today’s talk, filmed at TEDxZurich, Glattfelder reveals that the impetus of the study wasn’t at all to validate global protesters. “Ideas relating to finance, economics and politics are very often tainted by people’s personal ideologies. To hear more about how the study was conducted, watch this talk. To answer the question, “Who controls the world?”
1. Michael Sandel: Why we shouldn't trust markets with our civic life. TED talks are lying to you. The writer had a problem. Books he read and people he knew had been warning him that the nation and maybe mankind itself had wandered into a sort of creativity doldrums. Economic growth was slackening. The Internet revolution was less awesome than we had anticipated, and the forward march of innovation, once a cultural constant, had slowed to a crawl. One of the few fields in which we generated lots of novelties — financial engineering — had come back to bite us. And yet the troubled writer also knew that there had been, over these same years, fantastic growth in our creativity promoting sector. The literature on the subject was vast. It was to one of these last that our puzzled correspondent now decided to turn.
Anecdote after heroic anecdote unfolded, many of them beginning with some variation on Lehrer’s very first phrase: “Procter and Gamble had a problem.” And that’s when it hit him: He had heard these things before. Had our correspondent developed the gift of foresight? No. An alternative to austerity: a talk by Owen Jones by University of Cambridge. Laetus in Praesens: Anthony Judge.
Neoliberalism. The Specter of Authoritarianism and the Future of the Left: An Interview With Henry A. Giroux. Henry A. Giroux (Screengrab via Disposable Life / Vimeo)"The commanding institutions of society in many countries, including the United States, are now in the hands of powerful corporate interests, the financial elite and right-wing bigots whose strangulating control over politics renders democracy corrupt and dysfunctional," says Henry A.
Giroux. A version of this interview will appear in Greece in Eleftherotypia. To read more articles by C. J. Polychroniou, Henry A. C. Henry A. "Neoliberal societies, in general, are in a state of war - a war waged by the financial and political elite against youth, low-income groups, the elderly, poor minorities of color, the unemployed, immigrants and others now considered disposable. " The commanding institutions of society in many countries, including the United States, are now in the hands of powerful corporate interests, the financial elite and right-wing bigots whose strangulating control over politics renders democracy corrupt and dysfunctional. Truthout Interviews Henry A. Giroux on Neoliberalism. Henry A. Giroux. (Image: Jared Rodriguez / Truthout)English and Cultural Studies professor, Henry A.
Giroux, talks about the challenges facing the Left – or all who care about democracy and the future of the common good - in a neoliberal political economy. To see more articles in the Disposable Futures series, click here. To read more articles by Henry A. Giroux and other authors in the Public Intellectual Project, click here. We’re living in a time of extremes: extreme weather conditions, extreme political polarization, and extreme power and income inequality.
Henry A. This political and economic movement, according to Giroux, started with the presidency of Ronald Reagan and Margaret Thatcher’s Conservative Party in the United Kingdom. Many of these issues are addressed in a longer form by C.J. Chomsky (2014) "Neo-Liberalism" Is neither "New" nor "Liberal" Henry Giroux just destroys America's neoliberal economy. Rhetorically, but it's a start! by This is Hell! Beyond Neoliberal Miseducation | Blog, Perspectives. Gan Golan of Los Angeles holds a ball and chain representing his college loan debt at an Occupy DC demonstration in Washington, DC. October 6, 2011. (AP Photo/Jacquelyn Martin) This post originally appeared at Truthout. It draws from a number of ideas in Henry A. Giroux’s newest book, Neoliberalism’s War on Higher Education. As universities turn toward corporate management models, they increasingly use and exploit cheap faculty labor while expanding the ranks of their managerial class.
Modeled after a savage neoliberal value system in which wealth and power are redistributed upward, a market-oriented class of managers largely has taken over the governing structures of most institutions of higher education in the United States. Henry Giroux on the School-to-Prison Pipeline Right-wing appeals to austerity provide the rationale for slash-and-burn policies intended to deprive government-financed social and educational programs of the funds needed to enable them to work, if not survive. William Davies: A Bibliographic Review of Neoliberalism. Neoliberalism: A Bibliographic Review by William Davies The term ‘neoliberalism’ has become increasingly familiar over recent years. The term was relatively unheard-of until the 1990s, but was then adopted principally by the critics of a perceived free market orthodoxy, which was spreading around the world under the auspices of the ‘Washington Consensus’.
The ‘anti-globalisation movement’, which rose to prominence with the 1999 Seattle protests against the World Trade Organisation, further advanced the pejorative sense of neoliberalism as a form of market fundamentalism, imposed upon developing nations by the United States government and multilateral institutions. The assumption underlying this account of neoliberalism was typically that it arose with the elections of ‘new right’ political leaders, Margaret Thatcher and Ronald Reagan in particular, in the late 1970s and early ‘80s.
Definitions of neoliberalism across these literatures are various. But they tend to share four things: Will Davies’s TCS Glossary entry on Neoliberalism. Neoliberalism Neoliberalism refers to the ideas, strategies and policies, which have been introduced by intellectuals and governments, in the hope of reinventing economic liberalism. In contrast to 19th century liberalism, neoliberalism is understood as being actively designed and enforced by the state (Foucault, 2008). The term is believed to have first been used at the Colloque Walter Lippmann, a conference organized in Paris in 1938 by intellectuals seeking an alternative to planned economies, Keynesianism and the New Deal, which were dominant at the time (Mirowski & Plehwe, 2009; Burgin, 2013).
While the term itself was rarely used in the decades which followed, it describes the broadly pro-market intellectual movement which was assembled in the post-War era, which was coordinated via think tanks and international networks such as The Mont Pelerin Society. William Davies Further Reading Abstract Video-Abstract Full text of the Response on the TCS Website Abstract Abstract. Neoliberalism as a Water Balloon. A Brief History of Neoliberalism by David Harvey 1/5. Neoliberalism. How to Waste a Crisis. Stuart Davis, Memo (1956) via Smithsonian Philip Mirowski’s Never Let a Serious Crisis Go to Waste seeks to discredit economic explanations of the crisis, but in so doing discounts any possible political alternatives to neoliberalism In 1978, in a series of lectures at the Collège de France, philosopher Michel Foucault told the gathered students that they should start reading University of Chicago economists.
Almost 30 years before management consultants like Tom Peters would start promoting the value of people measuring their own human capital, Foucault walked his audience through obscure journal articles on the economics of the self by the idea of human capital’s intellectual progenitor, Gary Becker. TNI Vol. 22: Self-Help is out now. Decades before neoliberalism would become a widespread intellectual crutch word, Foucault declared, “Neoliberalism is not Adam Smith; neoliberalism is not market society.” Mirowski’s book can be thought of as two long essays stitched together. How Bashar al-Assad took Syria to the brink -- and beyond. Syrian President Bashar al-Assad was seen as a reserved child, writes Majid RafizadehBut how did this Western-educated ophthalmologist misgovern Syria, asks RafizadehAl-Assad's distinct vision was to modernize Syria to assimilate the Western worldRafizadeh says during the Arab Spring, al-Assad focused on retaining support of three groups Editor's note: Majid Rafizadeh is an Iranian-Syrian author and scholar, Middle East expert, and U.S. foreign policy specialist.
He is the president of the International American Council and serves on the board of Harvard International Review at Harvard University and Harvard International Relations Council. Follow him on Twitter: @majidrafizadeh (CNN) -- Growing up as a child in Damascus, it was evident that the current president of Syria, Bashar al-Assad, was first perceived by majority of Syrian people as a shy, reserved, introverted, weak, and hesitant child. Majid Rafizadeh Assad dynasty began with coup World considers response in Syria. This transatlantic trade deal is a full-frontal assault on democracy | George Monbiot. Remember that referendum about whether we should create a single market with the United States? You know, the one that asked whether corporations should have the power to strike down our laws? No, I don't either. Mind you, I spent 10 minutes looking for my watch the other day before I realised I was wearing it.
Forgetting about the referendum is another sign of ageing. The purpose of the Transatlantic Trade and Investment Partnership is to remove the regulatory differences between the US and European nations. The mechanism through which this is achieved is known as investor-state dispute settlement. The Australian government, after massive debates in and out of parliament, decided that cigarettes should be sold in plain packets, marked only with shocking health warnings. During its financial crisis, and in response to public anger over rocketing charges, Argentina imposed a freeze on people's energy and water bills (does this sound familiar?). You don't believe it? South Africans Didn't Die for This. Neoliberalism.