Posts Tagged ‘Umair Haque’

Sunday Review on Tuesday: “The price of civilization” by Jeffrey Sachs; “Betterness: economics for humans” by Umair Haque

10/01/2012, 09:37:53 AM

by Anthony Painter

The most infuriating aspect of recent political history is the way in which the old regime has reasserted itself so quickly. There is little doubt that the downside of neo-liberalism has been demonstrated in spectacular fashion. What is the response? Neo-liberalism.

A different way of doing things is desperately needed. It is not just about a different ideology, but also new institutions, a different way of thinking, of doing business, and of running an economy. At this time of enormous opportunity for change, the left has responded with sanctimonious triumphalism and off-the-shelf Keynesian social democracy. And so default neo-liberalism is winning. It doesn’t have to be this way.

Both Jeffrey Sachs and Umair Haque have constructed a credible alternative argument – one is aimed at US politics, though is relevant this side of the Atlantic too, and the other is aimed at business. Haque challenges business to be better; not more profitable but more meaningful. Sachs challenges society to be more “mindful” and politics to adhere to a greater ethic of good. This is all well and good, but it is in their practical arguments that both succeed – and make a contribution to helping us understand how we can shift our economy and society away from neo-liberalism. (more…)

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The Sunday Review: The New Capitalist Manifesto, by Umair Haque

27/02/2011, 12:03:14 PM

by Anthony Painter

Something is going seriously wrong with capitalism.

Yeah, we’ve heard all this before from you green nuts, socialists, idealists. Why don’t you tell us how mean, corrupt, selfish and deluded we all are again? Whatever.

No, really, something is going wrong with capitalism.

I’ve just said, walk on by – do your recycling, save some workers, sell some Marxist newspapers.

No really…

And this time it really is different. It’s no longer just the fringe that says so. It is the mainstream. And not just the political mainstream. The business and academic mainstream. What’s more, politics, even social democratic politics is light years behind. The new radicals are to be found within the temple of capitalism itself.

Take this:

“There is growing concern that if the fundamental issues revealed in the crisis remain unaddressed and the system fails again, the social contract between the capitalist system and the citizenry may truly rupture, with unpredictable but severely damaging results”.

Who is this dangerous revolutionary? Well, it’s none other than Dominic Barton, global managing director of Mckinsey & Co. Yes, McKinsey & Co. (more…)

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