CRISIS SOLUTIONS – GREAT TRANSFORMATION
Journal Title: Acta Economica - Year 2011, Vol 9, Issue 14
Abstract
This crises is the neoliberal system crises. At the beginning of the nineties, after the collapse of the socialism, liberal capitalism has been marked as the unchallenged winner and universal model of the future world order. Development of the society (state) has been understood as a general privatization, liberalization and deregulation followed by economic growth as a natural consequence of the market mechanism and invisible hand. That system has developed greed. Wealthy people have become wealthier and poor people have become poorer. Income inequalities increased and resulted in a great crisis. Exit from the crises is in the great transformation or transition from neoliberal system towards the welfare state which will provide – within different models – (1) production of public goods (health, education, housing, welfare) that are available to everybody, (2) ensure income equality and, (3) preserve the environment for the next generation. Invisible hand and visible hand of the state should be coordinated, and reproduction of the added value should be divided equally between labor and capital. That is the a way out from the crises and a condition for the sustainable long term development.
Authors and Affiliations
Љубо Јурчић
Keywords
Related Articles
- EP ID EP43709
- DOI -
- Views 271
- Downloads 0
Logical insufficiencies of „stimulus – response” theory specialisation in solution of marketing problems
Marketing is interdisciplinary science which uses other science’s and discipline’s knowledge when solving a problem, where is a possibility for logical mistake in analogy. We question application of analogy conclusion, t...
The Status and Perspectives of eGovernment in Bosnia and Herzegovina
E-Government or electronic administration is a form in which public service authorities and local self-government carry out business processes. It is based on the usage of contemporary information-communication technolog...
MODELS OF HUMAN RESOURCES MANAGEMENT IN BANKING SECTOR OF REPUBLIC OF SRPSKA AND THEIR IMPACT ON COMPANY PERFORMANCE
With the coming of foreign companies, in our country begins to develop a modern approach to human resource management (HRM) which includes specific practices, policies and systems that affect the behavior of employees, t...
THE ROLE OF DYNAMIC EFFICIENCY GRADING METHODS IN INVESTMENT DECISION MAKING
When determining the justification of an investment project realization, it is necessary to conduct an analysis and measurement of the effects obtained from investment projects. Measuring of the effects is done by calcul...
HAS THE "GOLDEN ROOM" BECOME A REALITY?
What Will Be: How the New World of Information Will Change Our Lives?” is the title of the book, but also a questin raised by its author, Michael Dertouzos, the director of the laboratory for computer science at MIT. Let...