Search This Blog Tuesday, September 8, Assume that you recently graduated with a degree in finance and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc Assume that you recently graduated with a degree in finance and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc.
There is no democracy — which is the natural essence of socialism. First you have to establish real socialism, set the table, create the needed surplus, and then the state can dissolve — which may takes generations. Communism is the absence of the state and of all classes.
Sorry, but the two things are in direct conflict. When the capitalist is free and at liberty, he or she will exploit the workforce, extract more natural resources than we have left to give, and screw over consumers and supply chains with impunity.
The capitalist system is structured in such a way and has the built-in incentives to dramatically exploit workers, consumers and supply chains, and rape the planet without cessation. Make a killing, not a living. With greater power and wealth, more wealth and power is possible, etc.
There is nothing about this anti-democratic system par excellence to even remotely appeal to the vast majority of human beings on this planet. Yes, predators do very well with this system.
It actually opens up the field for predators to include those not already in the ruling class. Was democratic socialism good for democratic consolidations in the post-colonial third world?
The left and right might form an alliance on constitutional political economy because unfettered power loses its shine when it must be shared with your opponents for more than a brief time. If it does, it will never, ever, not in a million years, put right-wingers back into office.
It will also, if well-informed and freethinking, dismantle capitalism and get rid of it once and for all. That is, if we actually want to improve the quality of life for all, create a sustainable future for everyone, and so on.
Neoliberalism would be seen as a major blunder of epic proportions and the right discredited beyond all chances of redemption. Centrism would be discredited. Even New Dealism would be seen as far too much the compromise which it was.
Basically, a well-informed, freethinking people will see that capitalism and a sustainable future are incompatible, to put it mildly.
Pain, for many Americans and Europeans is elsewhere. Out of sight, out of mind.
The World Wildlife Fund estimates that bywe will need two entire earths to meet demand. Capitalism must grow or die. It needs new markets, endlessly, and an endless supply of finite resources to sustain growth.Nov 09, · Assume that you recently graduated with a degree in finance and have just reported to work as an investment advisor at the brokerage firm of Balik and p.
Briefly explain mortgage securitization and how it contributed to the global economic crisis. The Enron scandal, publicized in October , eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.
In addition to being the largest bankruptcy reorganization in American history at that time, Enron was. Understanding Capitalism Part V: Evolution of the American Economy.
By - March 15, When the United States of America was founded in it was the most egalitarian Western nation in the world for citizens of European descent, indeed one of the most egalitarian major societies in .
Seigniorage as Fiscal Revenue in the Aftermath of the Global Financial Crisis This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of –9, focusing on a select group of central banks—namely the Bank of England, the United States Federal Reserve System, the Bank of Japan, the Swiss.
(2) Explain the differences between open outcry auctions, dealer markets, and electronic communications network (ECNs). p. Briefly explain mortgage securitization and how it contributed .
p. Briefly explain mortgage securitization and how it contributed to the global economic crisis. Mortgage securitization is when an illiquid asset or assets is transformed into a security. They essential are debt obligations that represent claims to cash flows from pools of mortgage loans%(29).