• June 22, 2013

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 … )

3 thoughts on “23. Economies need a high level of government interference (Proposed: Thor) — discussed on 10 August 2013

  1. 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.

  2. 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 @


    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

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