Definition & Reality in the General Theory of Political Economy — John Shaqi
Definition & Reality in the General Theory of Political EconomyCool, Thomas (Thomas Herman Anthonius Maria)
Science
Definition & Reality in the General Theory of Political Economy
Cool, Thomas (Thomas Herman Anthonius Maria)
Economics; Political science
“Over the last ten years, the number of humanitarian crises has
escalated from an average of 20-25 a year to about 65-70, while the
number of people affected has risen more than proportionately. The
International Red Cross estimates that the number of persons involved
is increasing by about ten million a year. As a result, scores of
people have been left dead, maimed, starving, displaced, homeless and
hopeless. Afghanistan, Bosnia-Herzegovina, Burundi, Cambodia, Central
America, Haiti, Liberia, Sierra Leone, Rwanda and Transcaucasia are the
countries or regions where the most acute crises have occurred during
the last two decades. In turn, Guyana, Kenya, Surinam and Zaire are
nations where negative trends in the factors under analysis make many
fear that social explosions may take place in the not too distant
future, unless corrective measures are introduced urgently.” (idem)
E. Wayne Nafziger (1998), of UN-WIDER, reports in the Financial Times:
“Many people believe that humanitarian disasters are ethnically
determined, arising from differences of language, race, tribe or
national origin between disputants. These differences, it is thought,
are so deeply rooted that they are not amenable to economic and
political reform: violence cannot be avoided. That is too pessimistic a
conclusion. Our research focuses on the contribution to humanitarian
crises of two factors: national income and the role of the government.
Both provide some reasons for modest optimism, or at least subjects for
action. (…) An analysis of the root causes of humanitarian crises
indicates that the mechanism for preventing them are primarily
macro-economic.”
Then, there are Russia and Eastern Europe after the Fall of the Berlin
Wall in 1989. The risks of turmoil in Russia, while nuclear weapons are
abundantly about, were already evident in 1989, and indeed we have seen
an attempted coup against Gorbachev and later the bombing of the Duma
parliament building. Eastern Europe had the criminal actions of
Milosevic. The risks with respect to Russia still exist. Both in 1989
and today in 2004 a reasonable expectation was and is that Eastern
developments would and will be positive. But the crucial issue does not
concern the average, but the _risk_. Who understands the economics of
unemployment will see that Western economic policy is deficient on this
point - a topic that we shall return to.
In the middle of 1999 the UNDP also published a report on Eastern
Europe. The conclusion is that there is much more misery than commonly
recognised, and that most misery is needless and also a result of wrong
decisions by Western governments. In an interview with director
Kruiderink, a key question and answer is:
Public-domain text, read in full here on John Shaqi.
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