Democracy and Prosperity

Democracy and Prosperity

Author: Torben Iversen

Publisher: Princeton University Press

Published: 2020-11-03

Total Pages: 359

ISBN-13: 0691210217

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It is a widespread view that democracy and the advanced nation-state are in crisis, weakened by globalization and undermined by global capitalism, in turn explaining rising inequality and mounting populism. This book, written by two of the world's leading political economists, argues this view is wrong: advanced democracies are resilient, and their enduring historical relationship with capitalism has been mutually beneficial. For all the chaos and upheaval over the past century--major wars, economic crises, massive social change, and technological revolutions--Torben Iversen and David Soskice show how democratic states continuously reinvent their economies through massive public investment in research and education, by imposing competitive product markets and cooperation in the workplace, and by securing macroeconomic discipline as the preconditions for innovation and the promotion of the advanced sectors of the economy. Critically, this investment has generated vast numbers of well-paying jobs for the middle classes and their children, focusing the aims of aspirational families, and in turn providing electoral support for parties. Gains at the top have also been shared with the middle (though not the bottom) through a large welfare state. Contrary to the prevailing wisdom on globalization, advanced capitalism is neither footloose nor unconstrained: it thrives under democracy precisely because it cannot subvert it. Populism, inequality, and poverty are indeed great scourges of our time, but these are failures of democracy and must be solved by democracy.


Making Democratic Governance Work

Making Democratic Governance Work

Author: Pippa Norris

Publisher: Cambridge University Press

Published: 2012-08-27

Total Pages: 295

ISBN-13: 113956076X

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Is democratic governance good for economic prosperity? Does it accelerate progress towards social welfare and human development? Does it generate a peace-dividend and reduce conflict at home? Within the international community, democracy and governance are widely advocated as intrinsically desirable goals. Nevertheless, alternative schools of thought dispute their consequences and the most effective strategy for achieving critical developmental objectives. This book argues that both liberal democracy and state capacity need to be strengthened to ensure effective development, within the constraints posed by structural conditions. Liberal democracy allows citizens to express their demands, hold public officials to account and rid themselves of ineffective leaders. Yet rising public demands that cannot be met by the state generate disillusionment with incumbent officeholders, the regime, or ultimately the promise of liberal democracy ideals. Thus governance capacity also plays a vital role in advancing human security, enabling states to respond effectively to citizen's demands.


The Making of a Democratic Economy

The Making of a Democratic Economy

Author: Marjorie Kelly

Publisher: Berrett-Koehler Publishers

Published: 2019-07-23

Total Pages: 220

ISBN-13: 1523099941

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Seven principles for a just and sustainable system, accompanied by true stories of “the people creating the institutions of the next economy” (Kat Taylor, cofounder, Beneficial State Bank). The extractive economy we live with now—designed by the 1 percent for the 1 percent—enables the financial elite to squeeze out maximum gain for themselves, heedless of damage to people or planet. But in this compelling book, Marjorie Kelly and Ted Howard show that there is a new economy emerging, focused on helping everyone thrive while respecting planetary boundaries. At a time when competing political visions are at stake the world over, this book urges a move beyond tinkering at the margins to address the systemic crisis of our economy. Kelly and Howard outline seven principles of what they call a Democratic Economy: community, inclusion, place (keeping wealth local), good work (putting labor before capital), democratized ownership, ethical finance, and sustainability. Each principle is paired with a place putting it into practice: Pine Ridge, Preston, Portland, Cleveland, and more. Included are stories not just of activists and grassroots leaders but of the unexpected accomplices of the Democratic Economy. Seeds of a future beyond corporate capitalism and state socialism are being planted in hospital procurement departments, pension fund offices, and even company boardrooms. The future remains uncertain—but Kelly and Howard help us understand how to nurture and grow those seeds into an equitable, ecologically sustainable economy that benefits all of us, not just the billionaires. “As champions of worker and community ownership, Kelly and Howard remind us that economic democracy is essential to political democracy and a viable human future.” —David Korten, author of When Corporations Rule the World


Liberal Democracy

Liberal Democracy

Author: Max Meyer

Publisher: Springer Nature

Published: 2020-01-01

Total Pages: 77

ISBN-13: 3030474089

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This open access book aims to show which factors have been decisive in the rise of successful countries. Never before have so many people been so well off. However, prosperity is not a law of nature; it has to be worked for. A liberal economy stands at the forefront of this success - not as a political system, but as a set of economic rules promoting competition, which in turn leads to innovation, research and enormous productivity. Sustainable prosperity is built on a foundation of freedom, equal opportunity and a functioning government. This requires a stable democracy that cannot be defeated by an autocrat. Autocrats claim that "illiberalism" is more efficient, an assertion that justifies their own power. Although autocrats can efficiently guide the first steps out of poverty, once a certain level of prosperity has been achieved, people begin to demand a sense of well-being - freedom and codetermination. Only when this is possible will they feel comfortable, and progress will continue. Respect for human rights is crucial. The rules of the free market do not lean to either the right or left politically. Liberalism and the welfare state are not mutually exclusive. The "conflict" concerns the amount of government intervention. Should there be more or less? As a lawyer, entrepreneur, and board member with over 40 years of experience in this field of conflict, the author clearly describes the conditions necessary for a country to maintain its position at the top.


Global Trends 2040

Global Trends 2040

Author: National Intelligence Council

Publisher: Cosimo Reports

Published: 2021-03

Total Pages: 158

ISBN-13: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.


Democratic Resilience

Democratic Resilience

Author: Robert C. Lieberman

Publisher: Cambridge University Press

Published: 2021-11-25

Total Pages: 427

ISBN-13: 1009002929

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Politics in the United States has become increasingly polarized in recent decades. Both political elites and everyday citizens are divided into rival and mutually antagonistic partisan camps, with each camp questioning the political legitimacy and democratic commitments of the other side. Does this polarization pose threats to democracy itself? What can make some democratic institutions resilient in the face of such challenges? Democratic Resilience brings together a distinguished group of specialists to examine how polarization affects the performance of institutional checks and balances as well as the political behavior of voters, civil society actors, and political elites. The volume bridges the conventional divide between institutional and behavioral approaches to the study of American politics and incorporates historical and comparative insights to explain the nature of contemporary challenges to democracy. It also breaks new ground to identify the institutional and societal sources of democratic resilience.


Property Rights

Property Rights

Author: Terry L. Anderson

Publisher: Hoover Press

Published: 2013-09-01

Total Pages: 148

ISBN-13: 081793913X

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Drawing on the thoughts of various philosophers, political thinkers, economists, and lawyers, Terry Anderson and Laura Huggins present a blueprint for the nonexpert-expert on how societies can encourage or discourage freedom and prosperity through their property rights institutions. This Hoover Classic edition of Property Rightsdetails step-by-step what property rights are, what they do, how they evolve, how they can be protected, and how they promote freedom and prosperity.


Building Prosperity

Building Prosperity

Author: Gene W. Heck

Publisher: Rowman & Littlefield

Published: 2007

Total Pages: 290

ISBN-13: 9780742551909

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Throughout history, civilized advance has been propelled by man's pursuit of profit motive and financed by "surplus capital" won in that pursuit. Success or failure in amassing such capital, in turn, has invariably been a function of the economic and legal frameworks within which that quest has taken place. In Building Prosperity, Heck explains the vital lessons learned from that history and explores what they posit for 21st century economic governance--producing a cogent message of relevance to public officials, entrepreneurs, and scholars alike.