CEO Initiative 2019: A Conversation About Capitalism
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- เผยแพร่เมื่อ 17 ต.ค. 2024
- SAVING CAPITALISM FROM ITSELF
Former IMF chief economist and head of India’s central bank Raghuram Rajan argues that capitalism needs both top-down reforms and bottom-up policies to maintain trust in a market economy. It also needs populism. As the social and economic consequences of globalization become ever so apparent, how can we strike a balance between the three powerful forces have emerged-the state, markets, and our own communities-in order to ensure the capitalist systems works for everyone?
Raghuram Rajan, Professor of Finance, University of Chicago Booth School of Business; Author, The Third Pillar: How Markets and the State Leave the Community Behind
In conversation with: Adam Lashinsky, FORTUNE
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Raghuram rajan is great guy glad to have him back in India even though I don't agree with everything he says but its good to have him criticising the government whenever it needs to be (I voted for the party in power but power should be checked).
I agree with this economist
this guy predicted 2008 crisis
The system described as capitalism is a hybrid system the origins of which are easily traced back to the ancient societal hierarchies based on agrarian landlordism. Agrarian landlordism was never replaced; it was strengthened by the introduction of commercial agribusiness
(i.e., by replacing many peasant farmers with raising sheep and cattle and by privatization of the land and enclosure of the commons). So, the next evolutionary step is accurately described as "agrarian- and commercial-landlordism." Next, organized production of goods using machinery was introduced, with individual and organizational ownership of land and capital goods, employing others as workers receiving money wages. Again, the older system is not eliminated. It expands to become "agrarian-commercial-and-industrial landlordism." All along this evolutionary timeline is the rising and increasingly dominating presence of a F.I.R.E. (i.e., finance, insurance and real estate) sector. And so, today, every society shares the same dynamics, differing only by degree based on the degree to which the systems of law and taxation serve unnatural property rights versus human rights. By "unnatural property rights" I am referring to the capacity of some to claim what others produce without producing anything in
exchange or offering any services in exchange. This amounts to a fundamental redistribution of wealth from producers to non-producer "rentier" interests. The system is not capitalism; it is
"agrarian-commercial-industrial-and-financial landlordism." Income and wealth is acquired by rent-seeking privileges under the systems of law and taxation.
Edward J. Dodson, M.L.A., Director
School of Cooperative Individualism
www.cooperative-individualism.org
Great Great Great.
Best Best Best.
Wonderful interactive session
Brilliant Conversation.
Not many magazines available with in city cos of poor quality citizens developing in underdeveloped capitals major side of central areas
Fantastic conversation
If people had degrees, even with no job people would be well off!
Nice..
Twenty three ♌ with me
I deserve an apology from all in case cash and kind lifelong with decreased burdens don't I
Seems a lot of poor frustrated people complaining in the comment section!! 🤔🤔🤔
Iff From 0 to time's lengths is persent every Growths Datas wee have than imaginary future's further extension of aall than Required re rectification or new colors and paintings after emegin pictures is what abouts newly incoming population yearly or new spaces required for survival till a fixed years than can be find out speeds of whoo's growth should have controll or less than feeling for infrastructures in future's population and happiness with co operation create joyful atmosphere .. ifff aligation views " is News production views....
Nerds
Leon Uris it is...jeazlouze.it is naat. ♌ leon.lionadit..aditatulleontalluriram...delicattesen
Unfortunate act in a fortune magazine..gunz.r firing in ur own potash.compound .. come pound
Keep on ranting