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Crisis Theory For Complex Societies - Brian Holmes
Crisis Theory For Complex Societies - Brian Holmes

... Second, an accumulation regime is a complementary pattern of production and consumption that is reproducible over a long period. Third, a mode of regulation is an emergent ensemble of norms, institutions, organizational forms, social networks and patterns of conduct that can temporarily stabilize an ...
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... Each group will have 8-9 terms to match to the definition and its example. You cannot use any notes or textbooks. You must use your prior knowledge and context clues. When your group is finished, raise your hand for me to check. We will review the correct matches as a class. ...
Economics - Teddington School
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... Friedrich Hayek was a key supporter of the free market and deeply critical of socialism (state planning). He believed that the resource allocation brought about by individuals, spontaneously, by the operation of market forces, would be far superior to any state planning system. He believed that gove ...
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Economic democracy

Economic democracy or stakeholder democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbors and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit, and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's inherent effective demand gap.Classical liberals argue that ownership and control over the means of production belongs to private firms and can only be sustained by means of consumer choice, exercised daily in the marketplace. ""The capitalistic social order"", they claim, therefore, ""is an economic democracy in the strictest sense of the word"". Critics of this claim point out that consumers only vote on the value of the product when they make a purchase; they are not participating in the management of firms, or voting on how the profits are to be used.Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand, as society is unable to earn enough income to purchase its output production. Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power. Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory, and as a variety of reform agendas. For example, as a means to securing full economic rights, it opens a path to full political rights, defined as including the former. Both market and non-market theories of economic democracy have been proposed. As a reform agenda, supporting theories and real-world examples range from decentralization and economic liberalization to democratic cooperatives, public banking, fair trade, and the regionalization of food production and currency.
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