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Humanistic Capitalism
Humanistic capitalism is a concept that seeks to unite humanism, specifically the safety and health needs of people and the environment, with market forces and a market-based economy. It is often seen as a middle ground between the ideas of modern capitalism and democratic socialism. Muhammad Yunus describes humanistic capitalism as a socially conscious business world where investors are content to recoup their investments but do not expect additional dividends. The idea of humanistic capitalism is linked with the idea that fundamental changes must take place in economics today, as humanistic capitalism requires that there be a blending of the non-profit and for-profit sectors. If investors can accept the decrease in financial returns for those on a social level, humanistic capitalism will become a successful force in driving economic and social change. Philanthropy is a fundamental concept to humanistic capitalism. While the idea of humanistic capitalism is still growing, ov ...
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Humanism
Humanism is a philosophical stance that emphasizes the individual and social potential and agency of human beings. It considers human beings the starting point for serious moral and philosophical inquiry. The meaning of the term "humanism" has changed according to the successive intellectual movements that have identified with it. During the Italian Renaissance, ancient works inspired scholars in various Italian cities, giving rise to a movement now called Renaissance humanism. With Enlightenment, humanistic values were re-enforced by the advances in science and technology, giving confidence to humans in their exploration of the world. By the early 20th century, organizations solely dedicated to humanism flourished in Europe and the United States, and have since expanded all over the globe. In the current day, the term generally refers to a focus on human well-being and advocates for human freedom, autonomy, and progress. It views humanity as responsible for the prom ...
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William Tolbert
William Richard Tolbert Jr. (13 May 1913 – 12 April 1980) was a Liberian politician who served as the 20th president of Liberia from 1971 until 1980. Tolbert was an Americo-Liberian and trained as a civil servant before entering the House of Representatives in 1943 for the True Whig Party, then the only established party in Liberia. Tolbert was elected the 23rd vice president of Liberia to William Tubman in 1952 and served in that position until he became President following Tubman's death in 1971. Tolbert's early presidency saw liberal reforms and the adoption of a Non-Alignment stance, but growing economic troubles and tensions between Americo-Liberians and indigenous Liberians led to instability. Tolbert was assassinated in the 1980 coup d'état by the People's Redemption Council led by Samuel Doe, marking the end of 133 years of Americo-Liberian rule in Liberia. Background Tolbert was born in Bensonville, Liberia, to William Richard Tolbert Sr. (1869-1948) and ...
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Sustainable Business
A sustainable business, or a green business, is an enterprise that has minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that strives to meet the triple bottom line. They cluster under different groupings and the whole is sometimes referred to as " green capitalism." Often, sustainable businesses have progressive environmental and human rights policies. In general, business is described as green if it matches the following four criteria:Cooney, S. (2009) "Build A Green Small Business. Profitable ways to become an ecopreneur." # It incorporates principles of sustainability into each of its business decisions. # It supplies environmentally friendly products or services that replaces demand for nongreen products and/or services. # It is greener than traditional competition. # It has made an enduring commitment to environmental principles in its business operations. Terminology A sustainable busi ...
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Social Market Economy
The social market economy (SOME; german: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and a welfare state. It is sometimes classified as a regulated market economy. The social market economy was originally promoted and implemented in West Germany by the Christian Democratic Union of Germany under Chancellor Konrad Adenauer in 1949, and today the term is used by ordoliberals, social liberals, and social democrats, who generally reject full state ownership of the means of production but support egalitarian distribution of all goods and services in a market segment. Its origins can be traced to the interwar Freiburg school of economic thought. The social market economy was designed to be a middle way between ''laissez-fair ...
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Welfare Capitalism
Welfare capitalism is capitalism that includes social welfare policies and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century. Today, welfare capitalism is most often associated with the models of capitalism found in Central Mainland and Northern Europe, such as the Nordic model and social market economy (also known as Rhine capitalism and social capitalism). In some cases welfare capitalism exists within a mixed economy, but welfare states can and do exist independently of policies common to mixed economies such as state interventionism and extensive regulation. Language "Welfare capitalism" or "welfare corporatism" is somewhat neutral language for what, in other contexts, might be framed as "industrial paternalism", "industrial village", " company town", "representative plan", "industrial bette ...
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Market Economy
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free-market and '' laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in serving special interests and promoting social welfare. State intervention can happen at the production, distribution, trade and consumption areas in the economy. The distribution of basic need services and goods like health care may be ...
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Welfare State
A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life. There is substantial variability in the form and trajectory of the welfare state across countries and regions. All welfare states entail some degree of private-public partnerships wherein the administration and delivery of at least some welfare programmes occurs through private entities. Welfare state services are also provided at varying territorial levels of government. Early features of the welfare state, such as public pensions and social insurance, developed from the 1880s onwards in industrializing Western countries. World War I, the Great Depression, and World War II have been characterized as im ...
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Universal Basic Income
Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive an unconditional transfer payment, that is, without a means test or need to work. It would be received independently of any other income. If the level is sufficient to meet a person's basic needs (i.e., at or above the poverty line), it is sometimes called a full basic income; if it is less than that amount, it may be called a partial basic income. No country has yet introduced either, although there have been numerous pilot projects and the idea is discussed in many countries. Some have labelled UBI as utopian due to its historical origin. There are several welfare arrangements which can be considered similar to basic income, although they are not unconditional. Many countries have a system of child benefit, which is essentially a basic income for guardians of children. Pension may be a basic income for retired persons. There are also quasi-basic income p ...
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Andrew Yang 2020 Presidential Campaign
The 2020 presidential campaign of Andrew Yang, an attorney, entrepreneur, and the founder of Venture for America, began on November 6, 2017, when Yang filed with the Federal Election Commission to participate in the Democratic primaries. Yang suspended his campaign on February 11, 2020, the night of the New Hampshire primary. On March 10, 2020, Yang endorsed Joe Biden for president. With no prior political experience and low public recognition, Yang was widely considered a longshot candidate by the media during the early stages of his campaign. In April 2018, Yang released ''The War on Normal People'', a book discussing job displacement, automation, and universal basic income (UBI), which were central to his campaign. Yang's profile significantly increased in early 2019 after appearing on the popular podcast ''The Joe Rogan Experience''; he later appeared on numerous other podcasts, shows, and interviews. Yang's rise in notability was accompanied by the development of a devoted ...
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Andrew Yang
Andrew Yang (born January 13, 1975) is an American businessman, attorney, lobbyist, and politician. Yang was a candidate in the 2020 Democratic Party presidential primaries and the 2021 New York City Democratic mayoral primary. He is the co-chair of the Forward Party, alongside former New Jersey Governor Christine Todd Whitman. The son of Taiwanese immigrants, Yang was born and raised in New York State. He attended Brown University and Columbia Law School. Yang became a prominent candidate in the 2020 Democratic Party presidential primaries. His signature policy was a universal basic income (UBI) of $1,000 a month as a response to job displacement by automation. Yang has been credited with popularizing the idea of universal basic income through his candidacy and activism. News outlets described Yang as the most surprising candidate of the 2020 election cycle, going from a relative unknown to a major competitor in the race. Yang qualified for and participated in seven of ...
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2020 United States Presidential Election
The 2020 United States presidential election was the 59th quadrennial United States presidential election, presidential election, held on Tuesday, November 3, 2020. The Democratic Party (United States), Democratic ticket of former Vice President of the United States, vice president Joe Biden and the junior U.S. senator from California Kamala Harris defeated the incumbent Republican Party (United States), Republican President of the United States, president Donald Trump and incumbent vice president Mike Pence. The election took place against the backdrop of the global COVID-19 pandemic in the United States, COVID-19 pandemic and COVID-19 recession, related recession. It was the first election 1992 United States presidential election, since 1992 in which the incumbent president failed to win a second term. The election saw the highest Voter turnout in United States presidential elections, voter turnout by percentage 1900 United States presidential election, since 1900, with eac ...
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Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be th ...
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