Great act from Prof Michael Burawoy, yea applause, red roses! I never know when this guy says useful stuff and when he doesn't, and his acting and waving around always misleads me.
No system can replace capitalism due to its efficiency, the best situation we can have is a better capitalism, however the mainl problem that we have in Africa is the state, the state is supposed to act as the distributors of services. however due to corruption the state has not been able to do its role particularly in development.
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The problem of INTEREST is the concentration of wealth and POWER.
Great act from Prof Michael Burawoy, yea applause, red roses! I never know when this guy says useful stuff and when he doesn't, and his acting and waving around always misleads me.
Waves of marketisation… boom and bust cycles by INTEREST causing exponential growth.
1:14:39 whoa, isn't that Thomas Piketty in the middle? Did Burawoy ever acknowledge him?
No system can replace capitalism due to its efficiency, the best situation we can have is a better capitalism, however the mainl problem that we have in Africa is the state, the state is supposed to act as the distributors of services. however due to corruption the state has not been able to do its role particularly in development.