Economy Over Environment Quotes

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No matter how many toys we amass we leave them behind when we die, just as we leave a broken environment, an economy that only benefits the richest, and a legacy of empowering greed over goodness. It is now time to commit to following a new path.
John Perkins
All over the globe today, the environment is at odds with the economy, and the future of wildlife -- and our future, really -- is in the hands of lawmakers and world leaders. We have to choose who we're going to be, and what kind of world we want to leave behind for our children.
Katherine Roy
With excess population you can't stabilise the economy of society, can't save the environment for society and can't subdue the evil in society.
Amit Kalantri (Wealth of Words)
We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.
Kalle Lasn
The economic consequences of these policies have been the same just about everywhere, and exactly what one would expect: a massive increase in social and economic inequality, a marked increase in severe deprivation for the poorest nations and peoples of the world, a disastrous global environment, an unstable global economy and an unprecedented bonanza for the wealthy.
Noam Chomsky (Profit Over People: Neoliberalism and Global Order)
Conservatism and conservation are two aspects of a single long-term policy, which is that of husbanding resources and ensuring their renewal. These resources include the social capital embodied in laws, customs and institutions; they also include the material capital contained in the environment, and the economic capital contained in a free but law-governed economy. According to this view, the purpose of politics is not to rearrange society in the interests of some over-arching vision or ideal, such as equality, liberty or fraternity. It is to maintain a vigilant resistance to the entropic forces that threaten our social and ecological equilibrium. The goal is to pass on to future generations, and meanwhile to maintain and enhance, the order of which we are the temporary trustees.
Roger Scruton (Green Philosophy: How to think seriously about the planet)
Fortunately, ideas already exist for how to achieve every aspect of deconsumer society that appears in this book. Lifespan labeling can encourage product durability: new tax regimes and regulations can favour repair over disposability, job-sharing programs and shorter work days or work weeks can keep people employed in a slower, smaller economy. Redistribution of wealth can reverse income inequality, or prevent it from worsening in a lower-consuming world.
J.B. MacKinnon (The Day the World Stops Shopping: How Ending Consumerism Saves the Environment and Ourselves)
By putting economic growth on equal footing with the preservation of human health, by promoting a need to possess and to consume that borders on the pathological, and by permitting industries to run roughshod over landscapes in order to create financial profit, the governments of industrialized nations have supported the changes that are primarily responsible for the befouled and poisonous environment that in many places has become our heritage. What resistance humanity is able to mount to the juggernaut that many call “the economy" is essentially an objection to the indifference towards human and nonhuman life that drives the juggernaut." Horizon
Barry Lopez
The gross domestic product (GDP) was created in the 1930s to measure the value of the sum total of economic goods and services generated over a single year. The problem with the index is that it counts negative as well as positive economic activity. If a country invests large sums of money in armaments, builds prisons, expands police security, and has to clean up polluted environments and the like, it’s included in the GDP. Simon Kuznets, an American who invented the GDP measurement tool, pointed out early on that “[t]he welfare of a nation can . . . scarcely be inferred from a measurement of national income.”28 Later in life, Kuznets became even more emphatic about the drawbacks of relying on the GDP as a gauge of economic prosperity. He warned that “[d]istinctions must be kept in mind between quantity and quality of growth . . . . Goals for ‘more’ growth should specify more growth of what and for what.”29
Jeremy Rifkin (The The Third Industrial Revolution: How Lateral Power Is Transforming Energy, the Economy, and the World)
People come from all over the world to see what's happening in our area, to see the speed with which our technology is changing and what that means in terms of the economy and education, and that whole entrepreneurial spirit comes over to protecting the environment and dealing with education and other issues - just solving problems. Then you come back here [Washington D.C.] and you're engaged in debates based on old, stale assumptions. It's practically irrelevant to what is going on in the state...It's a state of mind that exists in our area that has to be represented at the table.
Marc Sandalow (Madam Speaker: Nancy Pelosi's Life, Times, and Rise to Power)
In real life, the value capture process is sometimes deliberately managed by elites to manipulate and control others with game design-like tactics. Gig economy platforms like Uber and Lyft use "badges" and rating systems to manage the decision-making environment of their driver employees. Even outside of work, social media features such as likes, shares, and retweets play the role of points in games. Over time, these simple metrics threaten to distort or take the place of values (say, the wish to meaningfully contribute to discussion or to take pride in the quality of one's work) that might otherwise have inflected our behavior on these platforms.
Olúfẹ́mi O. Táíwò (Elite Capture: How the Powerful Took Over Identity Politics (And Everything Else))
For most of human history, when you were born you inherited an off-the-shelf package of religious and cultural constraints. This was a kind of library of limits that was embedded in your social and physical environment. These limits performed certain self-regulatory tasks for you so you didn’t have to take them on yourself. The packages included habits, practices, rituals, social conventions, moral codes, and a myriad of other constraints that had typically evolved over many centuries, if not millennia, to reliably guide – or shall we say design – our lives in the direction of particular values, and to help us give attention to the things that matter most. In the twentieth century the rise of secularism and modernism in the West occasioned the collapse – if not the jettisoning – of many of these off-the-shelf packages of constraints in the cause of the liberation of the individual. In many cases, this rejection occurred on the basis of philosophical or cosmological disagreements with the old packages. This has, of course, had many great benefits. Yet by rejecting entire packages of constraint, we’ve also rejected those constraints that were actually useful for our purposes. “The left’s project of liberation,” writes the American philosopher Matthew Crawford, “led us to dismantle inherited cultural jigs that once imposed a certain coherence (for better and worse) on individual lives. This created a vacuum of cultural authority that has been filled, opportunistically, with attentional landscapes that get installed by whatever ‘choice architect’ brings the most energy to the task – usually because it sees the profit potential.” The German philosopher Peter Sloterdijk, in his book You Must Change Your Life, has called for a reclamation of this particular aspect of religion – its habits and practices – which he calls “anthropotechnics.”6 When you dismantle existing boundaries in your environment, it frees you from their limitations, but it requires you to bring your own boundaries where you didn’t have to before. Sometimes, taking on this additional self-regulatory burden is totally worth it. Other times, though, the cost is too high. According to the so-called “ego-depletion” hypothesis, our self-control, our willpower, is a finite resource.7 So when the self-regulatory cost of bringing your own boundaries is high enough, it takes away willpower that could have been spent on something else.
James Williams (Stand out of our Light: Freedom and Resistance in the Attention Economy)
If man had wings, he would have polluted the sky. Houston we have a problem. The era when scientific progress seemed unstoppable has stopped today, showing the weaknesses of governments and peoples to the whole world in the face of any virus. Fifty years ago the question that afflicted some "powerful" states, concerned the ability to reach the mysterious space, an undertaking that, given the age, seemed increasingly difficult. Today, however, the biggest mission the world is facing is to survive, trying to make people holed up in their homes. But where is the meaning of all this? How did we go from the time when everything was possible and the economy seemed unstoppable, to that in which there are no ways to produce simple masks in a short time? Why did we spend almost a century trying to reach the Moon, Mars and the whole Universe, rather than taking care of our fellow men and our planet that collapsed towards extinction minute by minute? It is certainly no coincidence that while the world is facing a Covid-19 pandemic, NASA is committed to managing the upcoming "Mars 2020" mission with launch scheduled for 17 July 2020. The main objective of this new mission it to look for traces of possible Martian microbes and collect soil samples. You would agree with me in affirming that the sense of the space mission, nowadays, could look more like a demonstration of man's superiority over nature and towards the unknown, than a journey to get to know and understand the infinite mysteries of space and its planets? There is something within our world that pushes us to never appreciate what we have, to want more and more, to the point where we begin to sacrifice the most important and indispensable things, in order to reach questionable new horizons. In this way, governments prefer to invest in weapons rather than in health, in multinationals, rather than supporting education, in space missions rather than taking care of our environment, making the world unprepared for an emergency like a pandemic. And here we are, while fifty years ago we were with our eyes glued to a screen and our breath suspended in order to become witnesses of the Apollo 13 mission, today we stare at our televisions while we see the hundreds of thousands in the mouth of death that our world has to spare them. And so, while we have to deal with our indifference and our mistakes, Mother Nature, who for centuries and centuries has been disfigured of all beauty, today comes back to life, showing herself more alive than ever. Nature is regaining its footing and repopulating lands and seas, cities are less polluted and finally you can breathe clean air. Once again, our planet shows us how powerful it is and how it can put man in his place in a few moments. So, for the umpteenth time we are forced to face the fate that we built with indifference and arrogance, forgetting about our eternal vulnerability. Yes Houston, we still have a problem. It's called "human ignorance" disguised as a philosophy of futility.
Corina Abdulahm-Negura
Money has an even darker side. For although money builds universal trust between strangers, this trust is invested not in humans, communities or sacred values, but in money itself and in the impersonal systems that back it. We do not trust the stranger, or the next-door neighbour – we trust the coin they hold. If they run out of coins, we run out of trust. As money brings down the dams of community, religion and state, the world is in danger of becoming one big and rather heartless marketplace. Hence the economic history of humankind is a delicate dance. People rely on money to facilitate cooperation with strangers, but they’re afraid it will corrupt human values and intimate relations. With one hand people willingly destroy the communal dams that held at bay the movement of money and commerce for so long. Yet with the other hand they build new dams to protect society, religion and the environment from enslavement to market forces. It is common nowadays to believe that the market always prevails, and that the dams erected by kings, priests and communities cannot long hold back the tides of money. This is naive. Brutal warriors, religious fanatics and concerned citizens have repeatedly managed to trounce calculating merchants, and even to reshape the economy. It is therefore impossible to understand the unification of humankind as a purely economic process. In order to understand how thousands of isolated cultures coalesced over time to form the global village of today, we must take into account the role of gold and silver, but we cannot disregard the equally crucial role of steel.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Mattis and Gary Cohn had several quiet conversations about The Big Problem: The president did not understand the importance of allies overseas, the value of diplomacy or the relationship between the military, the economy and intelligence partnerships with foreign governments. They met for lunch at the Pentagon to develop an action plan. One cause of the problem was the president’s fervent belief that annual trade deficits of about $500 billion harmed the American economy. He was on a crusade to impose tariffs and quotas despite Cohn’s best efforts to educate him about the benefits of free trade. How could they convince and, in their frank view, educate the president? Cohn and Mattis realized they were nowhere close to persuading him. The Groundhog Day–like meetings on trade continued and the acrimony only grew. “Let’s get him over here to the Tank,” Mattis proposed. The Tank is the Pentagon’s secure meeting room for the Joint Chiefs of Staff. It might focus him. “Great idea,” Cohn said. “Let’s get him out of the White House.” No press; no TVs; no Madeleine Westerhout, Trump’s personal secretary, who worked within shouting distance of the Oval Office. There wouldn’t even be any looking out the window, because there were no windows in the Tank. Getting Trump out of his natural environment could do the trick. The idea was straight from the corporate playbook—a retreat or off-site meeting. They would get Trump to the Tank with his key national security and economic team to discuss worldwide strategic relations. Mattis and Cohn agreed. Together they would fight Trump on this. Trade wars or disruptions in the global markets could savage and undermine the precarious stability in the world. The threat could spill over to the military and intelligence community. Mattis couldn’t understand why the U.S. would want to pick a fight with allies, whether it was NATO, or friends in the Middle East, or Japan—or particularly with South Korea.
Bob Woodward (Fear: Trump in the White House)
Think about it,” Obama said to us on the flight over. “The Republican Party is the only major party in the world that doesn’t even acknowledge that climate change is happening.” He was leaning over the seats where Susan and I sat. We chuckled. “Even the National Front believes in climate change,” I said, referring to the far-right party in France. “No, think about it,” he said. “That’s where it all began. Once you convince yourself that something like that isn’t true, then…” His voice trailed off, and he walked out of the room. For six years, Obama had been working to build what would become the Paris agreement, piece by piece. Because Congress wouldn’t act, he had to promote clean energy, and regulate fuel efficiency and emissions through executive action. With dozens of other nations, he made climate change an issue in our bilateral relationship, helping design their commitments. At international conferences, U.S. diplomats filled in the details of a framework. Since the breakthrough with China, and throughout 2015, things had been falling into place. When we got to Paris, the main holdout was India. We were scheduled to meet with India’s prime minister, Narendra Modi. Obama and a group of us waited outside the meeting room, when the Indian delegation showed up in advance of Modi. By all accounts, the Indian negotiators had been the most difficult. Obama asked to talk to them, and for the next twenty minutes, he stood in a hallway having an animated argument with two Indian men. I stood off to the side, glancing at my BlackBerry, while he went on about solar power. One guy from our climate team came over to me. “I can’t believe he’s doing this,” he whispered. “These guys are impossible.” “Are you kidding?” I said. “It’s an argument about science. He loves this.” Modi came around the corner with a look of concern on his face, wondering what his negotiators were arguing with Obama about. We moved into the meeting room, and a dynamic became clear. Modi’s team, which represented the institutional perspective of the Indian government, did not want to do what is necessary to reach an agreement. Modi, who had ambitions to be a transformative leader of India, and a person of global stature, was torn. This is one reason why we had done the deal with China; if India was alone, it was going to be hard for Modi to stay out. For nearly an hour, Modi kept underscoring the fact that he had three hundred million people with no electricity, and coal was the cheapest way to grow the Indian economy; he cared about the environment, but he had to worry about a lot of people mired in poverty. Obama went through arguments about a solar initiative we were building, the market shifts that would lower the price of clean energy. But he still hadn’t addressed a lingering sense of unfairness, the fact that nations like the United States had developed with coal, and were now demanding that India avoid doing the same thing. “Look,” Obama finally said, “I get that it’s unfair. I’m African American.” Modi smiled knowingly and looked down at his hands. He looked genuinely pained. “I know what it’s like to be in a system that’s unfair,” he went on. “I know what it’s like to start behind and to be asked to do more, to act like the injustice didn’t happen. But I can’t let that shape my choices, and neither should you.” I’d never heard him talk to another leader in quite that way. Modi seemed to appreciate it. He looked up and nodded.
Ben Rhodes (The World as It Is: A Memoir of the Obama White House)
Seychelles said at U.N. climate talks. The report was bound to sharpen disputes in Lima over who pays the bills for the impacts of global warming, whose primary cause is the burning of coal, oil and gas but which also includes deforestation. It has long been the thorniest issue at the U.N. negotiations, now in their 20th round. Rich countries have pledged to help the developing world convert to clean energy and adapt to shifts in global weather that are already adversely affecting crops, human health and economies. But poor countries say they’re not seeing enough cash. Projecting the annual costs that poor countries will face by 2050 just to adapt, the United Nations Environment Program report deemed the previous estimate of $70 billion to $100 billion “a significant underestimate.” It had been based on 2010 World Bank numbers.
Anonymous
Here is what I believe to be the bottom line on economic cycles: The output of an economy is the product of hours worked and output per hour; thus the long-term growth of an economy is determined primarily by fundamental factors like birth rate and the rate of gain in productivity (but also by other changes in society and environment). These factors usually change relatively little from year to year, and only gradually from decade to decade. Thus the average rate of growth is rather steady over long periods of time. Only in the longest of time frames does the secular growth rate of an economy significantly speed up or slow down. But it does. Given the relative stability of underlying secular growth, one might be tempted to expect that the performance of economies would be consistent from year to year. However, a number of factors are subject to variability, causing economic growth—even as it follows the underlying trendline on average—to also exhibit annual variability. These factors can perhaps be viewed as follows: Endogenous—Annual economic performance can be influenced by variation in decisions made by economic units: for consumers to spend or save, for example, or for businesses to expand or contract, to add to inventories (calling for increased production) or sell from inventories (reducing production relative to what it might otherwise have been). Often these decisions are influenced by the state of mind of economic actors, such as consumers or the managers of businesses. Exogenous—Annual performance can also be influenced by (a) man-made events that are not strictly economic, such as the occurrence of war; government decisions to change tax rates or adjust trade barriers; or changes caused by cartels in the price of commodities, or (b) natural events that occur without the involvement of people, such as droughts, hurricanes and earthquakes. Long-term economic growth is steady for long periods of time but subject to change pursuant to long-term cycles. Short-term economic growth follows the long-term trend on average, but it oscillates around that trendline from year to year. People try hard to predict annual variation as a source of potential investing profit. And on average they’re close to the truth most of the time. But few people do it right consistently; few do it that much better than everyone else; and few correctly predict the major deviations from trend.
Howard Marks (Mastering The Market Cycle: Getting the Odds on Your Side)
If you’ll allow me to stretch this metaphor, we could say that Old Survivor was too weird or too difficult to proceed easily toward the sawmill. In that way, the tree provides me with an image of “resistance-in-place.” To resist in place is to make oneself into a shape that cannot so easily be appropriated by a capitalist value system. To do this means refusing the frame of reference: in this case, a frame of reference in which value is determined by productivity, the strength of one’s career, and individual entrepreneurship. It means embracing and trying to inhabit somewhat fuzzier or blobbier ideas: of maintenance as productivity, of the importance of nonverbal communication, and of the mere experience of life as the highest goal. It means recognizing and celebrating a form of the self that changes over time, exceeds algorithmic description, and whose identity doesn’t always stop at the boundary of the individual. In an environment completely geared toward capitalist appropriation of even our smallest thoughts, doing this isn’t any less uncomfortable than wearing the wrong outfit to a place with a dress code. As I’ll show in various examples of past refusals-in-place, to remain in this state takes commitment, discipline, and will. Doing nothing is hard.
Jenny Odell (How to Do Nothing: Resisting the Attention Economy)
The prospects for electric power in the twenty-first century can be summarized in a single word: growth. Electricity consumption, both worldwide and in the United States, has doubled since 1980. It is expected, on a global basis, to about double again by 2035. And the absolute amount of the doubling this time will be so much larger, as it is off a much larger base. An increase on such a scale is both enormous and expensive. The cost for building the new capacity to accommodate this growth between now and 2035 is currently estimated at $10 trillion—and is rising. But that expansion is what will be required to support what could be by then a $130 or $140 trillion world economy.1 Such very big numbers generate very big questions—and a fierce battle. What kind of power plants to construct and, then, how to get them built? The crux of the matter is fuel choice. Making those choices involves a complex argument over energy security and physical safety, economics, environment, carbon and climate change, values and public policy, and over the basic requirement of reliability—keeping on not just the lights but everything else in this digital age. The centrality of electricity makes the matter of fuel choice and meeting future power needs one of the most fundamental issues for the global economy.
Daniel Yergin (The Quest: Energy, Security, and the Remaking of the Modern World)
So small changes in the ambient temperature over relatively short periods of time that are not sufficiently long for adaptive processes to develop can lead to huge ecological and climatological effects. Some of these may be positive, but many will be catastrophic. Regardless, however, of the sign of the effect, significant changes are upon us, and we desperately need to understand their origins and consequences and forge strategies for adaptation and mitigation. The crucial question is not whether these effects are anthropogenic in origin because they almost certainly are, but rather to what extent they can be minimized without leading to rapid discontinuous changes in our physical and economic environment and ultimately to the potential collapse of the global socioeconomic fabric. Hence my bewilderment at those in the general public including political and corporate leaders who reject the cautionary exhortations of scientists, environmentalists, and others, and why I am continually baffled by their lack of action. Yes, we should all delight in and promote the huge successes and fruits of the free market system and of the role of human ingenuity and innovation, but we should also recognize the critical roles of energy and entropy and together act strategically to find
Geoffrey West (Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life, in Organisms, Cities, Economies, and Companies)
This concept is the equivalent, for a platform business, of a long-established computer networking idea known as the end-to-end principle. Originally formulated in 1981 by J. H. Saltzer, D. P. Reed, and D. D. Clark, the end-to-end principle states that, in a general-purpose network, application-specific functions ought to reside in the end hosts of a network rather than in intermediary nodes.6 In other words, activities that are not central to the workings of the network but valuable only to particular users should be located at the edges of the network rather than at its heart. In this way, secondary functions don’t interfere with or draw resources away from the core activities of the network, nor do they complicate the task of maintaining or updating the network as a whole. Over time, the end-to-end principle has been expanded from network design to the design of many other complex computing environments.
Geoffrey G. Parker (Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You: How Networked Markets Are Transforming the Economy―and How to Make Them Work for You)
In the meantime, we would wreck the US economy and actually do little to clean up the environment. The proposal calls for covering hundreds of thousands of acres of land with windmills and solar panels, which would do irreparable damage to land on which wildlife is protected by federal statutes. It also addresses only the United States’ carbon emissions and gives countries like China and India a pass for a decade. I’m no scientist, but I’m pretty sure we can’t keep China’s dirty air from sneaking into the atmosphere over the United States. I am pretty good at economics, though, and economists have a term for that type of thinking: freaking stupid. AOC once said that people her age should reconsider having children because of global warming. Can you imagine? I think the best answer to that ridiculous statement was by my friend, Jerry Falwell, Jr., “People her age should reconsider having children if people like AOC ever get to be in charge of this country.
Donald Trump Jr. (Triggered: How the Left Thrives on Hate and Wants to Silence Us)
Fortunately, ideas already exist for how to achieve every aspect of deconsumer society that appears in this book. Lifespan labeling can encourage product durability: new tax regimes and regulations can favour repair over disposability, job-sharing programs and shorter work days or work weeks can keep people employed in a slower, smaller economy. Redistribution of wealth can reverse income inequality, or prevent it from worsening in a lower-consuming world. I set out on my thought experiment as an observer, I wanted to see for myself where a world that stops shopping would lead, rather than be guided by others' theories. In the end, both approaches arrive at the same place. Movements for degrowth and a well-being economy-one measured not by GDP but by its ability to improve the quality of life of citizens-have been steadily refining a set of ideas and ways of life that could free us from the need for relentless, and relentlessly damaging, economic expansion. The alternative to consumer capitalism is not a constellation of possibilities, but increasingly a convergence.
J.B. MacKinnon (The Day the World Stops Shopping: How Ending Consumerism Saves the Environment and Ourselves)
The Internet was originally built on trust,” write the authors of the IBM paper, Veena Pureswaran and Paul Brody. “In the post-Snowden era, it is evident that trust in the Internet is over. The notion of IoT solutions built as centralized systems with trusted partners is now something of a fantasy.” Pureswaran and Brody argue that the blockchain offers the only way to build the Internet of Things to scale while ensuring that no one entity has control over it. A blockchain-based system becomes the Internet of Things’ immutable seal. In an environment where so many machine-to-machine exchanges become transactions of value, we will need a blockchain in order for each device’s owner to trust the others. Once this decentralized trust structure is in place, it opens up a world of new possibilities. Consider this futuristic example: Imagine you drive your electric Tesla car to a small rural town to take a hike in the mountains for the day. When you return you realize you don’t have enough juice in your car and the nearest Tesla Supercharger station is too far away. Well, in a sharing economy enabled by blockchains, you would have nothing to fear. You could just drive up to any house that advertises that it lets drivers plug into an outlet and buy power from it. You could pay for it all with cryptocurrency over a high-volume payments system, such as the Lightning Network, and the tokens would be deducted from your car’s own digital wallet and transferred to the wallet of the house’s electric meter. You have no idea who owns this house, whether they can be trusted not to rip you off, or whether they’re the sort of people who might install some kind of malware into your car’s computer to rob its digital-currency wallet.
Michael J. Casey (The Truth Machine: The Blockchain and the Future of Everything)
The first step is asking what kind of church are we? VALUE DISCOVERY AND DEVELOPMENT It asks why we do what we do? The answer will reveal the church's core values. They are what drive the church, MISSIONS DEVELOPMENT The church's mission statement answers the functional question what are we supposed to be doing? This will enable each church to personalize the great commission and implement it in their unique ministry context. ENVIRONMENTAL SCAN This answers the question what is going on out there? This helps churches anticipate trends and coming changes in the general environment, that affect society, technology, economy, politics. This positions the church to be creative and proactive in thinking, so that we are not over whelmed or left behind in our ministry. VISION DEVELOPMENT While the Mission provides a statement of where the church is going, while the vision paints a picture of what that will look like. Vision development is seeing the church's future for it to happen. STRATEGY DEVELOPMENT The strategy answers the question: How will we get to where we want to be? Once we know (Missions) and see (Vision) where we are going, we must decide how we will get there. A well thought through strategy consists of a target group we want to reach.
Albert O. Aina (10 Healthy System for Healthy Church Growth)
In February 2017, the Institute of International Finance reported that capital flows to emerging markets remained flat, at around US$680 billion, with high downside risks for FDI. Financial market expectations for interest rate hikes in the United States are a contributing factor to weakness in capital flows destined for the emerging markets, as investors look to gain from higher-interest-rate environments. However, the anemic economic growth conditions across the developing world also lower the opportunity for returns and hurt capital inflows. The softness in capital flows to emerging economies could prove more damaging in the long term as the prospects for economic growth continue to wane. Already the world’s largest and most strategically vital emerging nations—such as Argentina, Brazil, Colombia, India, Indonesia, Mexico, South Africa, and Turkey—are only growing at 3 percent or less a year. Ever more damning is the implication of the IMF’s October 2014 “World Economic Outlook” that the world will never again see the rates of growth witnessed prior to 2007.12 This weak economic backdrop comports with a weak capital inflow story. According to the Reserve Bank of Australia, the movement of money through the financial system has been stagnant over the past decade. In dollar terms, cross-border capital inflows among the G20 economies have fallen nearly 70 percent since mid-2007.13 Ultimately, slow economic growth leads to decreased investment, which in turns leads to even slower growth.
Dambisa Moyo (Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth-and How to Fix It)
People often point to the London Metropolitan Police, who were formed in the 1820s by Sir Robert Peel,” Vitale said when we met. “They are held up as this liberal ideal of a dispassionate, politically neutral police with the support of the citizenry. But this really misreads the history. Peel is sent to manage the British occupation of Ireland. He’s confronted with a dilemma. Historically, peasant uprisings, rural outrages were dealt with by either the local militia or the British military. In the wake of the Napoleonic Wars, in the need for soldiers in other parts of the British Empire, he is having more and more difficulty managing these disorders. In addition, when he does call out the militia, they often open fire on the crowd and kill lots of people, creating martyrs and inflaming further unrest. He said, ‘I need a force that can manage these outrages without inflaming passions further.’ He developed the Peace Preservation Force, which was the first attempt to create a hybrid military-civilian force that can try to win over the population by embedding itself in the local communities, taking on some crime control functions, but its primary purpose was always to manage the occupation. He then exports that model to London as the industrial working classes are flooding the city, dealing with poverty, cycles of boom and bust in the economy, and that becomes their primary mission. “The creation of the very first state police force in the United States was the Pennsylvania State Police in 1905,” Vitale went on. “For the same reasons. It was modeled similarly on U.S. occupation forces in the Philippines. There was a back-and-forth with personnel and ideas. What happened was local police were unable to manage the coal strikes and iron strikes. . . . They needed a force that was more adherent to the interests of capital. . . . Interestingly, for these small-town police forces in a coal mining town there was sometimes sympathy. They wouldn’t open fire on the strikers. So, the state police force was created to be the strong arm for the law. Again, the direct connection between colonialism and the domestic management of workers. . . . It’s a two-way exchange. As we’re developing ideas throughout our own colonial undertakings, bringing those ideas home, and then refining them and shipping them back to our partners around the world who are often despotic regimes with close economic relationships to the United States. There’s a very sad history here of the U.S. exporting basically models of policing that morph into death squads and horrible human rights abuses.” The almost exclusive reliance on militarized police to deal with profound inequality and social problems is turning poor neighborhoods in cities such as Chicago into failed states. The “broken windows” policy, adopted by many cities, argues that disorder produces crime. It criminalizes minor infractions, upending decades of research showing that social dislocation leads to crime. It creates an environment where the poor are constantly harassed, fined, and arrested for nonsubstantive activities.
Chris Hedges (America: The Farewell Tour)
We agree that, in the short and medium run, values are very powerful. But in the longer run, material forces shape both institutions and values. Changes in production technology, in our argument, drive the emergence and demise of patriarchy by giving and then taking away a productivity advantage to male labor. Competition over resources in societies with labor-intensive agriculture creates patriarchal family institutions.12 Social norms are principally a result rather than a cause of patriarchy: families socialize their children in ways that help them navigate the strategic environment they will face.
Torben Iversen (Women, Work, and Power: The Political Economy of Gender Inequality (The Institution for Social and Policy Studies))