What’s your slant?

Author

Dr Fernando Alcoforado

Dr Fernando Alcoforado has 2 articles published.

* Fernando Alcoforado, 78, member of the Bahia Academy of Education, engineer and doctor in Territorial Planning and Regional Development by the University of Barcelona, university professor and consultant in the areas of strategic planning, business planning, regional planning and planning of energy systems, is the author of 13 books addressing issues such as Globalization and Development, Brazilian Economy, Global Warming and Climate Change, The Factors that Condition Economic and Social Development, Energy in the world and The Great Scientific, Economic, and Social Revolutions that Changed the World.

The Complexity of Capitalism

in The Political Slant by
Capiralism

*Capitalism is a complex, dynamic, adaptive and non-linear system because it has elements or agents in large numbers that interact with each other – forming one or more structures that originate from the interactions between such agents.

Complex systems are characterized by their dynamism, whose fundamental characteristics are their sensitive dependence on the initial conditions, whereby minimal differences at the beginning of any process can lead to completely different and/or opposite situations over time. The opinion of Ervin Laszlo, Ph.D. of the Sorbonne and president of the Budapest Club, presented in the book O Ponto do Caos (The Point of Chaos), is that a dynamic system, in society or in a computer simulation, is governed by attractors. Keep Reading

The Failure of Neoliberalism in the World

in The Money Slant/The Political Slant by
Neoliberalism

*Keynesianism is dead. 

The economic failure of liberal capitalism from the American Revolution (1776) and the French Revolution (1789) to the Great Depression with the crack on the New York Stock Exchange (1929) led to the adoption of Keynesianism based on the ideas of the English economist, John Maynard Keynes, who unlike classical economic liberals, defended state action in the economy with the objective of achieving full employment. 

Keynesian philosophy ceased to be effective by the 1970s, due to the decline in world economic growth after the so-called “glorious years” of the 1950’s and 60’s. There were two oil crises along with the debt crisis experienced by most  countries of the world that drove insolvency at international banks. 

This situation made the conservative forces of the United Kingdom and the United States, under the leadership respectively of Margaret Thatcher and Ronald Reagan, carry forward neoliberalism whose economic doctrine advocated the return of liberalism now on the world stage – which meant absolute market freedom and a restriction on state intervention on the economy. Neoliberalism was adopted after the end of the Soviet Union and the Eastern European socialist system in 1989, respectively.

With neoliberalism, social inequality has reached alarming levels throughout the world.”
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