Somaliland is an odd land. In global limbo since its birth, it continues to develop economically and socially in a reasonably stable and secure environment. Recently, the British town of Sheffield was the first to recognize its very existence as an independent country. In the meantime, the capital Hargeisa city, which has only one paved road, recently installed streetlights for the first time, and an enterprising entrepreneur returned home from Australia to start a familiar city service - the yellow cab. Investors and businesses have started paying attention while the major powers still prefer to pretend it doesn't exist. Even while experts debate whether their model can be utilized in far more volatile Somalia, Hargeisa's residents want you to know they are Happy.
There is much talk today of a financial and economic crisis comparable to the 1930s. With the threat of a currency war and the euro’s collapse looming, the specter of the Great Depression’s bloody aftermath has returned with a vengeance. Several versions of how to make human beings and build society co-existed during the Cold War, when much of the world won independence from colonial empire. Yet, discussion of humanity’s growing interdependence is today limited to a one-world capitalism driven by finance. What have anthropologists to say about that? It would seem very little. But a positive case can be made for the discipline’s contribution to public debate. We make such a case here. We review recent developments in the anthropology of money and finance, listing its achievements, shortcomings and prospects, while referring back to the discipline’s founders a century ago. Economic anthropologists have tended to restrict themselves to niche fields and marginal debates since the 1960s. We hope to reverse this trend by focusing on money’s role in shaping global society and bringing world history into a more active dialogue with ethnography.Money and finance: For an anthropology of globalization by Keith Hart and Horacio Ortiz
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix
International aid projects come under the microscope Clinical-research techniques deployed to assess effectiveness of aid initiatives.
Networks of the Hanseatic League - The Hanseatic League was a late-medieval network of economically largely independent long-distance trade merchants which was based on trust, reputation and reciprocal relations. The informal cooperation among its members kept transactional, informational and organizational costs low, allowing the Hanse merchants to make good profits from the long-distance trade between the Baltic and the North Seas. Thanks to personal and institutional links with confederations of towns, the Hanse merchants were initially able to strengthen their international position of power. Since the late 15th century, however, the transaction costs of long-distance trade increased as a result of growing exclusivity and formalization efforts in the Hanseatic league. Moreover, changes in the European economic structure, triggered by the discovery of America, and internal conflicts ultimately led to the disintegration of the Hanseatic networks.
A polemic against NGOs and the destruction of local innovation However, one issue that has received relatively scant attention is the way in which the notion of civil society has been reduced to being synonymous with non-governmental organisations (NGOs). This is one area that can have malign and far-reaching negative impacts, which I’d like to explore here. And here's another view, this time from India.
The National Bureau of Economic Research has published a new paper analyzing 138 years of economic history in 14 advanced economies, which proves that high levels of private debt cause severe recessions. (Via) Bonus SLYT: Money As Debt (1hr)
A Planetary Crisis Is A Terrible Thing to Waste There are striking similarities between the current economic and ecological crises — both involve indulgent over-consumption and a failure to consider the impacts on future generations. But it’s not too late to look to new economic and environmental models and to dramatically change course. opines Der Spiegel environmental journalist, Christian Schwägerl
Why Africa is leaving Europe behind: Africans are relishing something of a reversal in roles. The former colonial powers in Europe are wrestling with debt crises, austerity budgets, rising unemployment and social turmoil. By contrast much of sub-Saharan Africa can point to robust growth, better balanced books and rising capital inflows. There is an opportunity in this novel scenario: for Africa to assert itself on the global stage, and for European countries to take advantage of their historic footprint in Africa by stimulating commercial expansion to their south. But it is far from clear either side will grasp it. Recently.
Click here? Was structuralism, the big idea of Claude Lévi-Strauss, more cult than science? Apostolos Doxiadis, Alecos Papadatos and Annie Di Donna – the team behind the bestselling graphic novel Logicomix – investigate.
Mohandas K. Gandhi’s critique of the modern identification of society with the state was devastating. He believed that it disabled citizens, subjecting mind and body to the control of professional experts when the purpose of a civilization should be to enhance its members’ sense of their own self-reliance. He proposed instead that every human being is a unique personality and participates with the rest of humanity in an encompassing whole. Between these extremes lie proliferating associations of great variety. [...] But what is most relevant to us is his existentialist project. If the world of society and nature is devoid of meaning, each of us is left feeling small, isolated and vulnerable. How do we bridge the gap between a puny self and a vast, unknowable world? The answer is to scale down the world, to scale up the self or a combination of both, so that a meaningful relationship might be established between the two. Gandhi devoted a large part of his philosophy to building up the personal resources of individuals. Our task is to bring this project up to date. ~ From The Digital Revolution and me by John Keith Hart
Strategery is a unique hedge fund.
"The model of economic development that we are currently pursuing is unsustainable. Our energy consumption per unit of GDP is seven times that of Japan, six times that of America, and even 2.8 times that of India. China’s labour productivity is less than 10 per cent of the world total, and yet our emissions are over 10 times higher than the global average." ~ Pan Yue - deputy director of China's State Environmental Protection Administration (SEPA). Part of a new generation of outspoken Chinese senior officials, Pan has given rise to a tide of environmental debate, attracting enormous attention and controversy. Read his articles here : - China: economic powerhouse, environmentally unsustainable - part one and part two