As this rather wretched and exhausting year comes to a close, I looked back at my list from 2019 and laughed sadly at my optimistic plans to read more in 2020. Perhaps I did when you count news, analysis, etc. online, but in terms of books it was disastrously minimal. However, the books I did read offered brilliant insights or just fascinating bits of knowledge. So, in no real order:
Continue reading “My 2020 Reading List”
In his 2002 book, Globalization and Its Discontents, Joseph Stiglitz goes over how he believes Russia’s transition from “communism” to a “market economy” failed after the collapse of the Soviet Union. Despite his mistake in stating that Russia was somehow “Marxist” in nature beforehand, it does explain how, with US assistance, the country continued to freefall to levels below what they were under the Soviet regime. The minute point I want to dissect from this, however, is his faith in then President of the United States, Bill Clinton, to have taken stronger action if he “had been confronted with the arguments”.
I doubt it.
Continue reading “Consent Manufactured? Bill Clinton, Treasury, and Russia”
I am reading Globalization and Its Discontents (damn Americanisation’s), the updated version with the advent of Donald Trump, written by Joseph E. Stiglitz. In it he describes how globalisation has seemingly failed the world, producing discontents with the system. In the 2002 edition, it was mostly the developing world that suffered, but more recently developed countries have increasingly opposed globalisation. Stiglitz argued this is due to gross mismanagement, but as he admits later, even well managed globalisation results in “losers” in the system.
Continue reading “Globalisation Conveniently Works When People Lose”
There is a contradiction in the way the proponents of capitalism approach the concept of the “zero-sum game”, the notion that wealth created or owned in one place must come at the expense of others. This conversation has taken many different forms, from the power of the British Empire on a global scale to national debates over the merits of immigration and welfare. But one on side of the debate, there appears to be a glaring inconsistency in their logic.
Continue reading “The Contradiction of the Zero-Sum Game”