23. Economies need a high level of government interference (Proposed: Thor) — discussed on 10 August 2013
The most economically successful societies have always depended upon a high level of government collusion with commerce and industry, if not control. This argument is a way of saying that the “invisible hand” of the market is not enough to maintain an efficient market, at least beyond village level. There has to be an independent umpire, or forced control (dictator, mafia … )
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A perfect case study of a failed interface between government and industry has been the Queensland Health Department’s IT fiasco with computerized payroll systems. The bottom line is that competence is more important than the mythologies of “senior management” and HR icons. A good account of this particular circus is at http://www.brisbanetimes.com.au/it-pro/government-it/top-5-lessons-from-the-queensland-health-payroll-saga-20130809-hv1d5.html . The comments section is also informative.
I have written an essay based on this topic:
“Economic Complexity and the Engine of Psychology” @ http://www.academia.edu/4233987/Economic_Complexity_and_the_Engine_of_Psychology
Extra Reading (informal, not strictly academic. Note that the inclusion of these readings in no way implies that I agree or disagree with their arguments. The many Wikipedia links offer mixed value, but they form a good starting point for entry into particular concepts).
Wikipedia (2013). Mixed Economy. online @ http://en.wikipedia.org/wiki/Mixed_economy
Wikipedia(2013). Government Interventionism. online @
http://en.wikipedia.org/wiki/Economic_interventionism
Wikipedia (2013) Statism. online @ http://en.wikipedia.org/wiki/Statism
Wikipedia (2013) American School. online @ http://en.wikipedia.org/wiki/American_School_%28economics%29
Wikipedia (2013) Corporatist economy. online @ http://en.wikipedia.org/wiki/Corporatism
Wikipedia (2013) Dirigisme. online @ http://en.wikipedia.org/wiki/Dirigisme
Wikipedia (2013) Distributism. online @ http://en.wikipedia.org/wiki/Distributism
Wikipedia (2013) Nordic model. online @ http://en.wikipedia.org/wiki/Nordic_model
Wikipedia (2013) Rhine capitalism. online @ http://en.wikipedia.org/wiki/Rhine_capitalism
Wikipedia (2013) Social corporatism. online @ http://en.wikipedia.org/wiki/Social_corporatism
Wikipedia (2013) Social market economy. online @ http://en.wikipedia.org/wiki/Social_market_economy
Wikipedia (2013) Socialist market economy. online @ http://en.wikipedia.org/wiki/Socialist_market_economy
Wikipedia (2013) Welfare capitalism. online @ http://en.wikipedia.org/wiki/Welfare_capitalism
Wikipedia (2013) Capitalism. online @ https://en.wikipedia.org/wiki/Capitalism
Wikipedia (2013) Socialism. online @ https://en.wikipedia.org/wiki/Socialism
Wikipedia (2013) Communism. online @ https://en.wikipedia.org/wiki/Communism
Wikipedia (2013) Economics. online @ https://en.wikipedia.org/wiki/Economics
Wikipedia (2013) Household Income (international comparison). online @ http://en.wikipedia.org/wiki/Household_income
Atherton, David (March 2013) No Contest: Capitalism vs Socialism. Thecommentator.com online @ http://www.thecommentator.com/article/2970/no_contest_capitalism_vs_socialism
Battaglia, Gabriele (7 August, 2013) Beijing readies for new urbanization. Asia Times, online @ http://www.atimes.com/atimes/China/CHIN-01–070813.html
Collins, Chuck (May 28, 2013) The Wealthy Kids Are Alright. The American Prospect @ http://prospect.org/article/wealthy-kids-are-all-right
Debate.org (2011 ) Debate topic: Capitalism vs Socialism. online @ https://www.debate.org/debates/Capitalism-vs-socialism/1/
Eley, Tom (2008) Socialism vs. the government bailout of capitalism. World Socialist Website, online @ https://www.wsws.org/en/articles/2008/10/soci-o15.html
Gleick, James (1987) Chaos – making a new science. pub. London: William Heinemann Ltd
Halsey, Ashley (March 19, 2013) U.S. Infrastructure gets D+ in annual report. Washington Post, online @ http://articles.washingtonpost.com/2013–03-19/local/37846681_1_civil-engineers-infrastructure-report-card
May, Thor (2012) The Contest for Competence. online @ http://www.academia.edu/1958933/The_Contest_for_Competence
Milton, Chris (2012) The Misconceptions of Capitalism vs Socialism | Building a Sustainable Economy. The Ecopreneurist, online @ http://ecopreneurist.com/2012/12/19/the-misconceptions-of-capitalism-vs-socialism/
Mitchell, Melanie (2009) Complexity, A Guided Tour. pub. UK:OUP and also Kindle e-book edition.
Orr, Deborah (June 2, 2012 ) We did socialism and capitalism, and we’re still in a mess. But there is hope. The Guardian newspaper, online @ http://www.theguardian.com/commentisfree/2012/jun/01/middle-class-recession-financial-crash
PublicIntelligence.net (May 31, 2013) DHS Says Aging Infrastructure Poses Significant Risk to U.S. . Public Intelligence, online @ http://publicintelligence.net/dhs-national-risk-profile-aging-infrastructure/
Scimia, Emanuele (7 August, 2013) China bets big on new global links. Asia Times, online @ http://www.atimes.com/atimes/China_Business/CBIZ-02–070813.html
Zhang, Lisa (n.d.) This house believes that capitalism is better than socialism. International Debate Education Association. Includes bibliography. online @ http://idebate.org/debatabase/debates/philosophy/house-believes-capitalism-better-socialism