Democratizing Finance

Democratizing Finance
Author: Fred Block
Publisher: Verso Books
Total Pages: 337
Release: 2022-02-08
Genre: Political Science
ISBN: 1839762675

What if our financial system were organized to the benefit of the many rather than simply empowering the few? Robert Hockett and Fred Block argue that an entirely different financial system is both desirable and possible. They outline concrete steps that could get us there. Financial systems move the worlds savings from investment to investment, chasing the highest rates of return. They run on profit. But what if investment went to the enterprises or institutions that provided things that the majority of people would prioritize? Democratizing Finance includes six responses that seek to amend, elaborate, and challenge the arguments developed by Hockett and Block. Some of the core arguments put forward by other contributors include calls for the rapid elimination of private financial entities, the dilemmas of the politics associated with financial reforms, and the fate of parallel proposals advanced in the US in the 1930s.

Crowdfunding and the Democratization of Finance

Crowdfunding and the Democratization of Finance
Author: Mark Davis
Publisher: Policy Press
Total Pages: 182
Release: 2021-11-01
Genre: Business & Economics
ISBN: 1529216745

Do you know where your money is? More importantly, do you know what your money is doing? Most of us feel confident that we know what money is. But few of us feel confident in taking responsibility for what our money does. We hand over the power of money to banks and mainstream finance with real, often damaging, consequences for people and planet. A unique collaboration between an academic and a practitioner, this book tells the story of money, from ancient Athens to the Bitcoin revolution, to explain how crowdfunding is the way for people to reclaim the power of their money in pursuit of a fairer and greener society.

Funding Virtue

Funding Virtue
Author: Marina Ottaway
Publisher: Carnegie Endowment
Total Pages: 352
Release: 2000
Genre: Business & Economics
ISBN: 0870031783

The United States and many other international donors have embraced civil-society aid as a key tool of democracy promotion. This collection of essays analyzes civil-society aid in five regions - South Africa, the Philippines, Peru, Egypt and Romania - focusing on crucial issues and dilemmas.

Democracy Declined

Democracy Declined
Author: Mallory E. SoRelle
Publisher: University of Chicago Press
Total Pages: 302
Release: 2020-12-14
Genre: Political Science
ISBN: 022671182X

As Elizabeth Warren memorably wrote, “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street.” More than a century after the government embraced credit to fuel the American economy, consumer financial protections in the increasingly complex financial system still place the onus on individuals to sift through fine print for assurance that they are not vulnerable to predatory lending and other pitfalls of consumer financing and growing debt. In Democracy Declined, Mallory E. SoRelle argues that the failure of federal policy makers to curb risky practices can be explained by the evolution of consumer finance policies aimed at encouraging easy credit in part by foregoing more stringent regulation. Furthermore, SoRelle explains how angry borrowers’ experiences with these policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals—they threaten the stability of entire economies. SoRelle identifies pathways to mitigate these potentially disastrous consequences through greater public participation.

Funding Democratization

Funding Democratization
Author: Peter J. Burnell
Publisher: Manchester University Press
Total Pages: 270
Release: 1998
Genre: Political Science
ISBN: 9780719050336

Comprises 11 contributions exploring issues in the political finances of emerging democracies. The contributors look at funding issues in Brazil, Russia, South Africa, Spain, and the regions of east Asia and east-central Europe. Several contributors also explore what can be learned from the history of political finance in the established democracies of western Europe and North America. Of interest to students of political parties, electoral politics and democratization studies, as well as researchers and specialist observers of the countries and systems covered. Distributed by St. Martin's Press. Annotation copyrighted by Book News, Inc., Portland, OR

Funding Democratization

Funding Democratization
Author: Milton Konvitz
Publisher: Routledge
Total Pages: 264
Release: 2017-07-12
Genre: Political Science
ISBN: 1351518283

Democracy is a fine political system, but an expensive economic venture. Political parties and election campaigns cost money. Where does the money come from and at what sacrifice? Issues connected with political finance are significant but often neglected aspects of the process of democratization. Funding Democratization examines how money and politics interact in emerging democracies. The contributors investigate the funding of political parties in early North America, financial uncertainties of party formation in European countries, funding of democratization in new democracies, and the influence of funding on contenders for power. They also address the nature of political competition in countries that are seeking to embrace, often for the first time, the rules of democracy. They question in what ways politicians can help make democracy affordable. The volume compares important democratizing countries, such as Russia, Brazil, South Africa, Spain, and the regions of East Asia and East/Central Europe. It also investigates the lessons that emerging democracies can learn from the history of political finance in today's more established democracies. Funding Democratization will be of interest to political scientists and specialists in international social and political development.

Law and the Wealth of Nations

Law and the Wealth of Nations
Author: Tamara Lothian
Publisher: Columbia University Press
Total Pages: 416
Release: 2019-12-03
Genre: Business & Economics
ISBN: 9780231174671

Tamara Lothian shows a path to the reconstruction of the economy in the service of both growth and inclusion that would reignite economic growth by democratizing the market. Law and the Wealth of Nations offers a progressive approach to the supply side of the economy and proposes innovation in our fundamental economic arrangements.

The Quality of Democracy

The Quality of Democracy
Author: Guillermo O'Donnell
Publisher: University of Notre Dame Pess
Total Pages: 281
Release: 2016-12-15
Genre: Political Science
ISBN: 0268160678

In 1996, Guillermo O’Donnell taught a seminar at the University of Notre Dame on democratic theory. One of the questions explored in this class was whether it is possible to define and determine the “quality” of democracy. Jorge Vargas Cullell, a student in this course, returned to his native country of Costa Rica, formed a small research team, and secured funding for undertaking a “citizen audit” of the quality of democracy in Costa Rica. This pathbreaking volume contains O’Donnell’s qualitative theoretical study of the quality of democracy and Vargas Cullell’s description and analysis of the empirical data he gathered on the quality of democracy in Costa Rica. It also includes twelve short, scholarly reflections on the O’Donnell and Cullell essays. The primary goal of this collection is to present the rationale and methodology for implementing a citizen audit of democracy. This book is an expression of a growing concern among policy experts and academics that the recent emergence of numerous democratic regimes, particularly in Latin America, cannot conceal the sobering fact that the efficacy and impact of these new governments vary widely. These variations, which range from acceptable to dismal, have serious consequences for the people of Latin America, many of whom have received few if any benefits from democratization. Attempts to gauge the quality of particular democracies are therefore not only fascinating intellectual exercises but may also be useful practical guides for improving both old and new democracies. This book will make important strides in addressing the increasing practical and academic concerns about the quality of democracy. It will be required reading for political scientists, policy analysts, and Latin Americanists.

The Third Wave

The Third Wave
Author: Samuel P. Huntington
Publisher: University of Oklahoma Press
Total Pages: 388
Release: 2012-09-06
Genre: Political Science
ISBN: 0806186046

Between 1974 and 1990 more than thirty countries in southern Europe, Latin America, East Asia, and Eastern Europe shifted from authoritarian to democratic systems of government. This global democratic revolution is probably the most important political trend in the late twentieth century. In The Third Wave, Samuel P. Huntington analyzes the causes and nature of these democratic transitions, evaluates the prospects for stability of the new democracies, and explores the possibility of more countries becoming democratic. The recent transitions, he argues, are the third major wave of democratization in the modem world. Each of the two previous waves was followed by a reverse wave in which some countries shifted back to authoritarian government. Using concrete examples, empirical evidence, and insightful analysis, Huntington provides neither a theory nor a history of the third wave, but an explanation of why and how it occurred. Factors responsible for the democratic trend include the legitimacy dilemmas of authoritarian regimes; economic and social development; the changed role of the Catholic Church; the impact of the United States, the European Community, and the Soviet Union; and the "snowballing" phenomenon: change in one country stimulating change in others. Five key elite groups within and outside the nondemocratic regime played roles in shaping the various ways democratization occurred. Compromise was key to all democratizations, and elections and nonviolent tactics also were central. New democracies must deal with the "torturer problem" and the "praetorian problem" and attempt to develop democratic values and processes. Disillusionment with democracy, Huntington argues, is necessary to consolidating democracy. He concludes the book with an analysis of the political, economic, and cultural factors that will decide whether or not the third wave continues. Several "Guidelines for Democratizers" offer specific, practical suggestions for initiating and carrying out reform. Huntington's emphasis on practical application makes this book a valuable tool for anyone engaged in the democratization process. At this volatile time in history, Huntington's assessment of the processes of democratization is indispensable to understanding the future of democracy in the world.

Democratization and Social Settlements

Democratization and Social Settlements
Author: Daniel Nataf
Publisher: SUNY Press
Total Pages: 308
Release: 1995-08-23
Genre: Political Science
ISBN: 9780791425909

Examines the transition to, and consolidation of, democracy in Portugal following the revolutionary events of 1975, during a period of major changes in socioeconomic structure. Nataf emphasizes that not only political institutions but also the fabric of social relations were uprooted, and he compares the Portuguese case to other models of European democratization and postwar settlements.