Economic recovery masks the dangers of a divided world
Nothing would be more foolish than policymakers in rich countries turning away from global challenges.
The big story from the recent meetings of the IMF and the World Bank is that the world economy is recovering substantially more quickly than expected even six months ago. But the recovery in the global economic aggregate masks what is happening to the world’s people. Both within countries and among them, the disadvantaged seem set to suffer the slowest recoveries. Moreover, this house divided may not stand: what is going on — above all, the slow global rollout of the vaccines — will worsen prospects for everybody.
The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself
The coronavirus pandemic, the deepening economic crash, dangerously divisive political responses, and exploding social tensions have thrown an already declining American capitalist system into a tailspin. The consequences of these mounting and intertwined crises will shape our future.
In this unique collection of over 50 essays, “The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself,” Richard D. Wolff argues clearly that “returning to normal” no longer responds adequately to the accumulated problems of US capitalism. What is necessary, instead, is transition toward a new economic system that works for all of us.
Knowledge Generation and Technical Change: Institutional Innovation in Agriculture (Natural Resource Management and Policy, 19)
Knowledge generation and transfer mechanisms are being transformed in important and controversial ways. Investment in research and development has increased in response to recognition that scientific productivity is tightly connected to economic dynamism.
Patent protection has been expanded in order to stimulate higher levels of private investment. Intellectual property rights held by public organizations and researchers are now increasingly transferred to private organizations to accelerate the diffusion and enhance the value of knowledge produced by public agencies and universities. Additionally, new institutions such as university offices of technology transfer, venture capital markets, and a variety of consortia in knowledge-intensive industries are being established throughout the United States and in other parts of the world. These changes have led to a repositioning of the state in systems of innovation and an increase in the proprietary character of technical information.