Is State Capitalism a Good Alternative?
Russia, China and even Germany invest a lot of state money into particular companies to help them succeed. That sort of favoritism does not play well in the States, but should it?
What's the Latest Development?
A host of economically-strong countries including Russia, Germany and China current practice a type of state capitalism, which generally means investing lots of tax dollars into certain private companies while opening them to be traded on the stock market. While we Americans might call state capitalism a way of making business 'artificially competitive', it is hard to argue with the system's success. Germany controls Europe's financial affairs while China has grown its GDP several times over in the last decade.
What's the Big Idea?
Is state-capitalism a viable alternative to the West's market system, particularly given our current economic crisis? A debate at The Economist summarizes two competing positions, one for and one against. Despite their disagreements, the two debaters, popular economist Ian Bremmer and Harvard Business School professor
Upstreamism advocate Rishi Manchanda calls us to understand health not as a "personal responsibility" but a "common good."
- Upstreamism tasks health care professionals to combat unhealthy social and cultural influences that exist outside — or upstream — of medical facilities.
- Patients from low-income neighborhoods are most at risk of negative health impacts.
- Thankfully, health care professionals are not alone. Upstreamism is increasingly part of our cultural consciousness.
The Bajau people's nomadic lifestyle has given them remarkable adaptions, enabling them to stay underwater for unbelievable periods of time. Their lifestyle, however, is quickly disappearing.
- The Bajau people travel in small flotillas throughout the Phillipines, Malaysia, and Indonesia, hunting fish underwater for food.
- Over the years, practicing this lifestyle has given the Bajau unique adaptations to swimming underwater. Many find it straightforward to dive up to 13 minutes 200 feet below the surface of the ocean.
- Unfortunately, many disparate factors are erasing the traditional Bajau way of life.
The Canadian professor's old-school message is why many started listening to him.
- The simplicity of Peterson's message on suffering echoes Buddha and Rabbi Hillel.
- By bearing your suffering, you learn how to become a better person.
- Our suffering is often the result of our own actions, so learn to pinpoint the reasons behind it.
An innovation may lead to lifelike evolving machines.
- Scientists at Cornell University devise a material with 3 key traits of life.
- The goal for the researchers is not to create life but lifelike machines.
- The researchers were able to program metabolism into the material's DNA.
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