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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?

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
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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material well- gests that thinking of the not be the best way to explain the variation in the KEY CONCEPTS structural dependence of the state on capital 341 y may levels of different countries. PROBLEMS The following problems address some of the more important concepts and theories introduced in this chapter. The Effect of Regime Type on Economic Growth 1. On September 17, 2011, protesters occupied Zuccotti Park in the financial district of New York as part of a movement that became known as "Occupy Wall Street" (OWS). Many of the protesters had been inspired by the popular uprisings that had occurred in Egypt and Tunisia in early 2011. The OWS protesters were opposed to what they perceived to be the undue influence of banks and multinational corporations on the political system. They believed that the wealthiest 1 percent of society had a disproportionate share of capital and political influence, and they used the slogan "We are the 99%" to highlight the problem of social and economic inequality. The OWS led to the creation of the international Occupy 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? 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 reasonably enlightened group of people, as China is today, it can also have great advantages. That one party can just impose the politically difficult but critically important policies needed to move a society forward in the 21st century" (Friedman 2009, Opinion section). Discuss Friedman's claim in the context of the material presented in this chapter.
Transcribed Image Text:material well- gests that thinking of the not be the best way to explain the variation in the KEY CONCEPTS structural dependence of the state on capital 341 y may levels of different countries. PROBLEMS The following problems address some of the more important concepts and theories introduced in this chapter. The Effect of Regime Type on Economic Growth 1. On September 17, 2011, protesters occupied Zuccotti Park in the financial district of New York as part of a movement that became known as "Occupy Wall Street" (OWS). Many of the protesters had been inspired by the popular uprisings that had occurred in Egypt and Tunisia in early 2011. The OWS protesters were opposed to what they perceived to be the undue influence of banks and multinational corporations on the political system. They believed that the wealthiest 1 percent of society had a disproportionate share of capital and political influence, and they used the slogan "We are the 99%" to highlight the problem of social and economic inequality. The OWS led to the creation of the international Occupy 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? 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 reasonably enlightened group of people, as China is today, it can also have great advantages. That one party can just impose the politically difficult but critically important policies needed to move a society forward in the 21st century" (Friedman 2009, Opinion section). Discuss Friedman's claim in the context of the material presented in this chapter.
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