[p2p-research] Prospect Magazine: After Capitalism
Athina Karatzogianni
athina.k at gmail.com
Tue Apr 7 23:01:57 CEST 2009
hi ryan
last time state sponsored capitalism came about after the 1930s depression
totalitarian and fascist regimes followed as well, do you have any thoughts
on that? perhaps in certain cases we are already witnessing a tendency
towards neototalitarianism
cheers
atrhina
On Tue, Apr 7, 2009 at 4:00 PM, Ryan Lanham <rlanham1963 at gmail.com> wrote:
> Prospect Magazine out of the UK has an interesting current article
> discussing the financial system demise and its implications. The article is
> by *Geoff Mulgan.*
>
> http://www.prospect-magazine.co.uk/article_details.php?id=10680
>
> I've long wondered how organizations can develop and maintain the
> sustainable cashflows necessary to support a LT debt-based economy. It
> seems a lot of people are starting to think this way or to give voice to
> doubts long held. I understand creative destruction and all that, but
> velocity is such that creative destruction happens now in months not
> decades. Can the system support the investment and capital necessary to
> cycle at such accelerated rates? Globalization feeds the acceleration
> because it isn't a company down the street alone one faces but one in
> Shanghai, one in Singapore, one in Ankara, and two in Finland as well as one
> in Eugene, Oregon and one in Pittsburgh.
>
> State-sponsored capitalism a la China (or even Finland) seems to be the
> emerging model for coping. Isn't that what Geithner is running? State
> sponsored capitalism in the financial sector? Ironically, it is the alleged
> socialist countries in Europe that seem to be willing to let manufacturing
> institutions die--like the auto industry.
>
> I remember hearing Carly Fiorina give a talk once in Chicago where she
> emphasized HP's incredible rate of product development cycling. Is that the
> whole world now? If so, do we just accept the backblast of lots of failures
> or is some sort of global regulation of velocity inevitable? Who would opt
> out voluntarily? That would be national suicide...and yet unbridled
> acceleration seems to be collective suicide, or as a short stop, state
> capitalism.
>
> Ryan Lanham
>
>
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--
Dr Athina Karatzogianni
Lecturer in Media, Culture and Society
The Dean's Representative (Chinese Partnerships)
Faculty of Arts and Social Sciences
The University of Hull
United Kingdom
HU6 7RX
T: ++44 (0) 1482 46 5790
F: ++44 (0) 1482 466107
http://www.hull.ac.uk/humanities/media_studies/staff/athina_karatzogianni/
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