Only when political institutions asserted their power to counteract the negative aspects of capitalism—most successfully in Western Europe after 1945 and in the United States in the early 1930s with the New Deal—could not only capitalism but also prosper. social stability and democracy. Consequently, the current challenge for Western capitalism is also fundamentally political rather than economic. Whether capitalism can once again be a force helping humanity "indulge towards utopia" depends on political authorities being willing and able to implement policies that maximize the positives while protecting their citizens from their disadvantages. . That Polanyi is the figure that even some economists currently turn to to understand the cycles of capitalism and its vicissitudes is a good sign.
The next step is to grapple south africa phone number list with the radical implications of his insistence on the primacy of politics .Two weeks have passed since Elon Musk walked into Twitter headquarters with a sink in his hands , officially signaling that he had acquired the company. Having had some time to let the news of his $44 billion purchase "sink," Twitter users are now wondering what he's going to do with the platform. What is Musk going to do with Twitter? Having attempted to backtrack on its commitment to acquire the platform, and just before entering what appeared to be a lengthy, potentially embarrassing and costly court battle to enforce its original agreement, Twitter is now owned by it.
If we review some of the early opinions from conservative-leaning media pundits, we see that Musk has paid too much for a platform that has yet to fully realize its commercial potential for investors, nor its social potential for users. This likely explains some of his early moves since taking over the company, such as planning to charge users $8 (country-adjusted) to have a verified account on the platform, and threatening to fire half of Twitter's staff. . It has already fired previous CEO Parag Agrawal, chief financial officer Ned Segal, chief legal officer Vijaya Gadde, and general counsel Sean Edgett.