PNG to sell 49pc of Air Niugini

On 06 Sep, 2014 By Elizabeth1

Mining Capitalism: The Ok Tedi disaster and how mining companies manage dissents

On 11 Jul, 2014 By Elizabeth1

Source: Papua New Guinea Mine watch

Mining Capitalism takes us from the devastation of a river to the courtrooms and commissions where activists and thieves reimagine its truth and consequences. This is a thrilling story, and everyone should read it" - Anna Tsing, author of Friction

Thing #5 - Assume the worst about people and you get the worst

On 08 Jul, 2014 By Elizabeth1

An abstract from the book "23 Things They Don't Tell You About Capitalism" by Ha-Joon Chang

For Our Nations to Live, Capitalism must die

On 12 Jun, 2014 By Elizabeth1

Thing #4 – The washing machine has changed the world more than the Internet has

On 11 Jun, 2014 By Elizabeth1

Abstracts taken from: 23 Things They Dont Tell You About Capitalism, By Ha-Joon Chang

The recent revolution in communication technologies –better known as the Internet, has led to the ‘death of distance’. This technological revelation defines the age in which we live in today that dismisses the fine borders between nations, countries, companies, firms’ and individuals through speed communication and posing the need to be more flexible in our efforts to compete in a liberalization of markets.

Thing #3 - Most People in rich countries are paid more than they should be

On 12 May, 2014 By Elizabeth1

Source: 23 Things they dont tell you about capitalism, Ha-Joon Chang

In a market economy, it is said that people are rewarded according to their productivity. Fact remains, a Swede gets paid fifty times what an Indian gets paid for the same job, but that is reflection of their relative productivities. People will tell you that introducing minimum wage legislations will reduce differences to wage in repute to productivity. This will only lead to unjust and insufficient rewarding of individuals talents and efforts - as such in India.

Thing #2 - Companies should not run in the interest of their owners

On 05 May, 2014 By Elizabeth1

Source: 23 Things They Dont Tell You About Capitalism by Ha-Joon Chang

People – important people, designate regulations and rules. In this instance a market that is making money out of a business is being governed first and foremost by the rule makers who we mark out to be shareholder(s) incentivizing them to maximize company performance, maximizing social contribution, and in turn amplifying shareholders income. This gives basis of a company run by selfish interest of its governed owners.

23 Things They Don't Tell You About Capitalism

On 30 Apr, 2014 By Elizabeth1

Abstracted from the book “23 Things they don’t tell you about Capitalism”

Blurb: This lighthearted book has a serious purpose: to lay bare the assumptions behind today’s dominant economic dogma. As the acclaimed economist Ha-Joon Chang shows with crisp, ironic wit, all economic choices are also political ones, and its time for us to be honest about them. 23 Things They Don’t Tell You about Capitalism reveals how global capitalism works – and doesn’t.

We will reveal a taste of each thing every week.

How Capitalism Works

On 04 Jun, 2012 By Klaireh

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.

brainyquotes.com

Imposed model of development is neo-colonial

On 22 Feb, 2012 By rait man

Martyn Namorong

Take a look at that child above: in theory he could have been born with a silver spoon in his mouth, if his father owned the land that is now Port Moresby.

Instead, he lives in a slum. Literally living on top of shit.

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capitalism

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.

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