Today, free market economies are taken for granted as the norm. Polanyi argues they are unprecedented and new in human history, appearing only in 19th century. Profit motive is not “natural” to humans…
In this in-depth discussion, economists CP Chandrasekhar @CPC01 and @RadDesai discussed the many problems in India’s economic model, the pro-corporate policies of Prime Minister Modi and the BJP, and how official GDP statistics are likely exaggerated.
https://t.co/m0gVx0Mp3M
Here is to the people of Kenya and Bolivia, whose activism kept alive the possibility of democracy in their countries, thus offering fresh proof that resistance is never futile.
Fatal austerity: new paper on the macroeconomic effects of Chancellor Brüning's austerity in 🇩🇪1930-1932:
"austerity reduced German GDP by more than four percent and caused an increase in unemployment by almost two million, paving the way for the success of extremist parties."
Kahneman said: “The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.”
In a new paper @kubitzg1 and I propose an explanation for it, as a feature of our cognition that helps us make good decisions.
4/@ClimateEnvoyKe on why youth exploded in Kenya & indeed across countries stressed with dollar debt : "With over 67% of the national revenue going to debt repayment....leaves nothing for investment in social & productive sectors to generate opportunities"
https://t.co/gXA6zUIeMX
"Why do people from privileged class backgrounds often misidentify as working class?... these interviewees are able to tell an upward story of career success... while erasing the structural privileges that have shaped key moments in their trajectory."
https://t.co/8UneclElmt
@tishasaroyan@manojsh Why sympathy for them? If you disagree with someone, you won't do something which can cause emotional or other damages. Religious people feel entitled and as a result, they cause damage to people who disagree.
The Hinduja case is a classic example of what Indian culture is all about. Exploiting the poor is in the blood of most Indians irrespective how much wealth they have hoarded. Corrupt, heartless, pieces of shit.
Death warrant for 1 lakh trees: @hd_kumaraswamy approves mining lease despite Forest Department’s objection
He justified leasing 401 hectares of virgin forest to Kudremukh Iron Ore Company, saying the process started much earlier
https://t.co/VQE5Inehd7
https://t.co/VQE5Inehd7