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  • pfmkuntze - Paul Felix Martin Kuntze @pfmkuntze 10 minutes ago
  • #economicthoughts
HOW TO REBUILT THE WORLD ECONOMY
The conclusion of Professor Ha-Joon Chang's book "23 things they don't tell you about capitalism" "Capitalism is the worst economic system, except for all the others"
Professor Chang argues that our current economy is fundamentally flawed and that we have to rebuilt and rethink it completely. He proposes to do so in eight points:

I. Abolish "free market" capitalism (but stick with capitalism)

II. Ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run (like medicine testing)

III. Change the objective from short term profits to long term investments (material self-interest is not the only objective of society)

IV. More equity - don't ridiculously overpay managers, give children real equality of opportunity, give people real second chances

V. Focus on manufacturing with high productivity growth

VI. Slow down the financial market, so it does not lose it's connection to the real economy

VII. Big government

VIII. Greater "policy space" and protection for developing countries

I can't really explain the points in detail here, but if someone wants to discuss them in more detail, feel free to ask!

#churchill #winstonchurchill #newworldorder #book #economics #politics #society #fair #opportunity #outcome #business #career #education #cambridge #hajoonchang #23thingstheydonttellyouaboutcapitalism #socialism #communism #capitalism #liberal #liberalism #libertarian #economicthoughts HOW TO REBUILT THE WORLD ECONOMY The conclusion of Professor Ha-Joon Chang's book "23 things they don't tell you about capitalism" "Capitalism is the worst economic system, except for all the others" Professor Chang argues that our current economy is fundamentally flawed and that we have to rebuilt and rethink it completely. He proposes to do so in eight points: I. Abolish "free market" capitalism (but stick with capitalism) II. Ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run (like medicine testing) III. Change the objective from short term profits to long term investments (material self-interest is not the only objective of society) IV. More equity - don't ridiculously overpay managers, give children real equality of opportunity, give people real second chances V. Focus on manufacturing with high productivity growth VI. Slow down the financial market, so it does not lose it's connection to the real economy VII. Big government VIII. Greater "policy space" and protection for developing countries I can't really explain the points in detail here, but if someone wants to discuss them in more detail, feel free to ask! #churchill #winstonchurchill #newworldorder #book #economics #politics #society #fair #opportunity #outcome #business #career #education #cambridge #hajoonchang #23thingstheydonttellyouaboutcapitalism #socialism #communism #capitalism #liberal #liberalism #libertarian
  • #economicthoughts HOW TO REBUILT THE WORLD ECONOMY The conclusion of Professor Ha-Joon Chang's book "23 things they don't tell you about capitalism" "Capitalism is the worst economic system, except for all the others" Professor Chang argues that our current economy is fundamentally flawed and that we have to rebuilt and rethink it completely. He proposes to do so in eight points: I. Abolish "free market" capitalism (but stick with capitalism) II. Ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run (like medicine testing) III. Change the objective from short term profits to long term investments (material self-interest is not the only objective of society) IV. More equity - don't ridiculously overpay managers, give children real equality of opportunity, give people real second chances V. Focus on manufacturing with high productivity growth VI. Slow down the financial market, so it does not lose it's connection to the real economy VII. Big government VIII. Greater "policy space" and protection for developing countries I can't really explain the points in detail here, but if someone wants to discuss them in more detail, feel free to ask! #churchill #winstonchurchill #newworldorder #book #economics #politics #society #fair #opportunity #outcome #business #career #education #cambridge #hajoonchang #23thingstheydonttellyouaboutcapitalism #socialism #communism #capitalism #liberal #liberalism #libertarian
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  • ahead.of_the.curve - Joker, Worlds Of DC & Quotes @ahead.of_the.curve 17 minutes ago
  • ————————————————————————-
𝐅𝐨𝐥𝐥𝐨𝐰 [ @Ahead.Of_The.Curve ] 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐉𝐨𝐤𝐞𝐫, 𝐖𝐨𝐫𝐥𝐝𝐬 𝐨𝐟 𝐃𝐂 & 𝐐𝐮𝐨𝐭𝐞𝐬!
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Look in places where your answers may not be expected, as interpretation can often flip coins around to another face of value.

Absorb what you know, and search for what you don’t know; as this will often be the foundation for new conclusions.
————————————————————————- ————————————————————————- 𝐅𝐨𝐥𝐥𝐨𝐰 [ @ahead.of_the.curve ] 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐉𝐨𝐤𝐞𝐫, 𝐖𝐨𝐫𝐥𝐝𝐬 𝐨𝐟 𝐃𝐂 & 𝐐𝐮𝐨𝐭𝐞𝐬! ————————————————————————- Look in places where your answers may not be expected, as interpretation can often flip coins around to another face of value. Absorb what you know, and search for what you don’t know; as this will often be the foundation for new conclusions. ————————————————————————-
  • ————————————————————————- 𝐅𝐨𝐥𝐥𝐨𝐰 [ @ahead.of_the.curve ] 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐉𝐨𝐤𝐞𝐫, 𝐖𝐨𝐫𝐥𝐝𝐬 𝐨𝐟 𝐃𝐂 & 𝐐𝐮𝐨𝐭𝐞𝐬! ————————————————————————- Look in places where your answers may not be expected, as interpretation can often flip coins around to another face of value. Absorb what you know, and search for what you don’t know; as this will often be the foundation for new conclusions. ————————————————————————-
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