Iwkdkeoeokff material well-gests that thinking of thenot be the best way to explain the variation in theKEY CONCEPTSstructural dependence of the state on capital 341y maylevels of different countries.PROBLEMSThe following problems address some of the more important concepts and theories introducedin this chapter.The Effect of Regime Type on Economic Growth1. On September 17, 2011, protesters occupied Zuccotti Park in the financial district of NewYork as part of a movement that became known as "Occupy Wall Street" (OWS). Many ofthe protesters had been inspired by the popular uprisings that had occurred in Egypt andTunisia in early 2011. The OWS protesters were opposed to what they perceived to be theundue influence of banks and multinational corporations on the political system. Theybelieved that the wealthiest 1 percent of society had a disproportionate share of capital andpolitical influence, and they used the slogan "We are the 99%" to highlight the problemof social and economic inequality. The OWS led to the creation of the international OccupyMovement, which has organized protests in dozens of countries around the world. Theoccupation of Zuccotti Park ended on November 15, 2011, when the protesters wereforcibly removed by the police. Imagine that you are discussing issues of inequality and thepower of the financial sector with some of the "Occupy Wall Street" protesters in the fallof 2011. How would you explain the implications of the structural dependence of the stateon capital to someone who doesn't understand why left-wing parties do not always"expropriate" the rich when they come to power?2. On September 8, 2009, the New York Times columnist Thomas L. Friedman claimed that"One-party nondemocracy certainly has its drawbacks. But when it is led by a reasonablyenlightened group of people, as China is today, it can also have great advantages. That oneparty can just impose the politically difficult but critically important policies needed to movea society forward in the 21st century" (Friedman 2009, Opinion section). Discuss Friedman'sclaim in the context of the material presented in this chapter.

Since you have posted independent questions, according to the guidelines, the first question is…

Movement, which has organized protests in dozens of countries around the world. The occupation of Zuccotti Park ended on November 15, 2011, when the protesters were forcibly removed by the police. Imagine that you are discussing issues of inequality and the power of the financial sector with some of the "Occupy Wall Street" protesters in the fall of 2011. How would you explain the implications of the structural dependence of the state on capital to someone who doesn't understand why left-wing parties do not always "expropriate" the rich when they come to power?

Movement, which has organized protests in dozens of countries around the world. The occupation of Zuccotti Park ended on November 15, 2011, when the protesters were forcibly removed by the police. Imagine that you are discussing issues of inequality and the power of the financial sector with some of the "Occupy Wall Street" protesters in the fall of 2011. How would you explain the implications of the structural dependence of the state on capital to someone who doesn't understand why left-wing parties do not always "expropriate" the rich when they come to power?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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