A Mutualist FAQ FREQUENTLY ASKED QUESTIONS ABOUT MUTUALISM
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Consolidation and Demutualization: What Strategies Should Exchanges
OECD, Tokyo Round Table, 11/2003 Consolidation and Demutualization: What Strategies Should Exchanges Adopt in the Future? Ruben Lee Oxford Finance Group Changing Market Structures & the Future of Trading Overview 1) Threatening Factors 2) Self-Sufficiency 3) Linkages 4) Mergers and Takeovers 5) Demutualization 6) Conclusions Changing Market Structures & the Future of Trading 1) Threatening Factors Threatening Factors Main Trends Small Number of Liquid Stocks International Listing & Trading of Domestic Stocks Internalization Regulatory Liberalization Threatening Factors Reasons for Small Number of Liquid Stocks Not Many Companies Privatization Stalled Concentration of Shareholdings Foreign/Private Purchases of Best Companies Changing Market Structures & the Future of Trading 2) Self-Sufficiency Self-Sufficiency Factors Supporting Domestic Stock Exchanges Positive “Network Externality” with Liquidity Competition Not Always Successful Foreign Listing/Trading Complements Local Trading Support of Domestic SMEs Adaptability to Local Conditions Declining IT Costs Self-Sufficiency Current Major Revenue Sources Membership Listing Trading Clearing Settlement Provision of Company News Provision of Quote and Price Data Self-Sufficiency Threats to Revenue Sources Membership - Demutualization Listing – Decline in Value + Competition Trading – Marginal Cost Pricing Clearing – Expensive + Antitrust Scrutiny Settlement – Antitrust Scrutiny Provision of Company News – Competition Provision of Quote and Price Data – Antitrust Scrutiny Changing Market Structures -
Political Ideas and Movements That Created the Modern World
harri+b.cov 27/5/03 4:15 pm Page 1 UNDERSTANDINGPOLITICS Understanding RITTEN with the A2 component of the GCE WGovernment and Politics A level in mind, this book is a comprehensive introduction to the political ideas and movements that created the modern world. Underpinned by the work of major thinkers such as Hobbes, Locke, Marx, Mill, Weber and others, the first half of the book looks at core political concepts including the British and European political issues state and sovereignty, the nation, democracy, representation and legitimacy, freedom, equality and rights, obligation and citizenship. The role of ideology in modern politics and society is also discussed. The second half of the book addresses established ideologies such as Conservatism, Liberalism, Socialism, Marxism and Nationalism, before moving on to more recent movements such as Environmentalism and Ecologism, Fascism, and Feminism. The subject is covered in a clear, accessible style, including Understanding a number of student-friendly features, such as chapter summaries, key points to consider, definitions and tips for further sources of information. There is a definite need for a text of this kind. It will be invaluable for students of Government and Politics on introductory courses, whether they be A level candidates or undergraduates. political ideas KEVIN HARRISON IS A LECTURER IN POLITICS AND HISTORY AT MANCHESTER COLLEGE OF ARTS AND TECHNOLOGY. HE IS ALSO AN ASSOCIATE McNAUGHTON LECTURER IN SOCIAL SCIENCES WITH THE OPEN UNIVERSITY. HE HAS WRITTEN ARTICLES ON POLITICS AND HISTORY AND IS JOINT AUTHOR, WITH TONY BOYD, OF THE BRITISH CONSTITUTION: EVOLUTION OR REVOLUTION? and TONY BOYD WAS FORMERLY HEAD OF GENERAL STUDIES AT XAVERIAN VI FORM COLLEGE, MANCHESTER, WHERE HE TAUGHT POLITICS AND HISTORY. -
The Sharing Economy: Make It Sustainable
STUDY N°03/14 JULY 2014 | NEW PROSPERITY The sharing economy: make it sustainable Damien Demailly (IDDRI), Anne-Sophie Novel (journalist and author) A REGENERATING SHARING ECONOMY THAT PROMISES MUCH FOR SUSTAINABILITY Reselling, giving, swapping, short-term renting and lending—with or without monetary exchange and whether practiced between individu- als or through companies or associations—are all models that can help to increase the usage duration of resource-consuming goods. They are part of a real sharing economy that is undergoing regeneration due to the development of digital technologies. “Shareable” goods account for about a quarter of household expenditure and a third of household waste. If sharing models could be operated under the most favourable conditions, savings of up to 7% in the household budget and 20% in terms of waste could be achieved. FROM AN INTUITIVE SENSE OF ENVIRONMENTAL BENEFIT TO THE CONDITIONS FOR ITS REALIZATION The environmental balance sheet of sharing depends on several condi- tions that are highly specific to each model. In general, we can see the emergence of the following issues: the sustainability of shared goods, e.g. renting may enable a reduction in the number of goods produced pro- vided that the rented good does not wear out much faster; the optimiza- tion of the transport of goods, because the long distance transport of goods is reduced while transport over shorter distances increases; and consump- tion patterns, sharing models can be the vector of sustainable consump- tion but also a driver of hyperconsumption. MAKING THE SHARING ECONOMY A SUSTAINABLE ECONOMY Public authorities should build an economic and regulatory framework that is favourable to virtuous models. -
Libertarianism, Culture, and Personal Predispositions
Undergraduate Journal of Psychology 22 Libertarianism, Culture, and Personal Predispositions Ida Hepsø, Scarlet Hernandez, Shir Offsey, & Katherine White Kennesaw State University Abstract The United States has exhibited two potentially connected trends – increasing individualism and increasing interest in libertarian ideology. Previous research on libertarian ideology found higher levels of individualism among libertarians, and cross-cultural research has tied greater individualism to making dispositional attributions and lower altruistic tendencies. Given this, we expected to observe positive correlations between the following variables in the present research: individualism and endorsement of libertarianism, individualism and dispositional attributions, and endorsement of libertarianism and dispositional attributions. We also expected to observe negative correlations between libertarianism and altruism, dispositional attributions and altruism, and individualism and altruism. Survey results from 252 participants confirmed a positive correlation between individualism and libertarianism, a marginally significant positive correlation between libertarianism and dispositional attributions, and a negative correlation between individualism and altruism. These results confirm the connection between libertarianism and individualism observed in previous research and present several intriguing questions for future research on libertarian ideology. Key Words: Libertarianism, individualism, altruism, attributions individualistic, made apparent -
Up from Individualism (The Brennan Center Symposium On
University of Michigan Law School University of Michigan Law School Scholarship Repository Articles Faculty Scholarship 1998 Up from Individualism (The rB ennan Center Symposium on Constitutional Law)." Donald J. Herzog University of Michigan Law School, [email protected] Available at: https://repository.law.umich.edu/articles/141 Follow this and additional works at: https://repository.law.umich.edu/articles Part of the Jurisprudence Commons, Law and Society Commons, and the Public Law and Legal Theory Commons Recommended Citation Herzog, Donald J. "Up from Individualism (The rB ennan Center Symposium on Constitutional Law)." Cal. L. Rev. 86, no. 3 (1998): 459-67. This Article is brought to you for free and open access by the Faculty Scholarship at University of Michigan Law School Scholarship Repository. It has been accepted for inclusion in Articles by an authorized administrator of University of Michigan Law School Scholarship Repository. For more information, please contact [email protected]. Up from Individualism Don Herzogt I was sitting, ruefully contemplating the dilemmas of being a com- mentator, wondering whether I had the effrontery to rise and offer a dreadful confession: the first time I encountered the counter- majoritarian difficulty, I didn't bite. I didn't say, "Wow, that's a giant problem." I didn't immediately start casting about for ingenious ways to solve or dissolve it. I just shrugged. Now I don't think that's because my commitments to either democracy or constitutionalism are somehow faulty or suspect. Nor do I think it's that they obviously cohere. It's rather that the framing, "look, these nine unelected characters can strike down a statute passed in procedurally valid ways by a democratically elected legislature," struck me as unhelpful. -
Anarcho-Communists, Platformism, and Dual Power Innovation Or Travesty?
The Anarchist Library (Mirror) Anti-Copyright Anarcho-Communists, Platformism, and Dual Power Innovation or Travesty? Lawrence Jarach Lawrence Jarach Anarcho-Communists, Platformism, and Dual Power Innovation or Travesty? www.geocities.com from Anarchy: A Journal of Desire Armed usa.anarchistlibraries.net power discourse is concerned with government, with how to cre- ate and maintain a set of institutions that can pull the allegiance of the governed away from the existing state. Unless the partisans of dual power have worked out a radically different understand- ing of what power is, where its legitimacy comes from, how it is Contents maintained, and — more importantly — how anarchists can possi- bly exercise it within a framework that is historically statist, the discussion of “anarchist dual power” is a mockery of the anarchist What is “anarchist dual power”? .............. 8 principle of being against government. Love & Rage and the influence and legacy of Leninism . 13 18 3 rity, a curio from anarchist history, something to titillate the trivia- minded. What made it worth rediscovering? The anarcho-communism of the Platformists is eerily similar to the authoritarian communism of various Leninist gangs. From a cursory examination of their published rhetoric, it is difficult not to conclude that they have taken the “successful” aspects of a Lenin- ist program, a Leninist vision, and Lenino-Maoist organizing, and more or less removed or modified the vocabulary of the more ob- viously statist parts. The promoters of this hybridized anarchism — should it be called anarcho-Leninism? — draw on the Platform the same way that the writers of the Platform drew on Leninism. -
Markets Not Capitalism Explores the Gap Between Radically Freed Markets and the Capitalist-Controlled Markets That Prevail Today
individualist anarchism against bosses, inequality, corporate power, and structural poverty Edited by Gary Chartier & Charles W. Johnson Individualist anarchists believe in mutual exchange, not economic privilege. They believe in freed markets, not capitalism. They defend a distinctive response to the challenges of ending global capitalism and achieving social justice: eliminate the political privileges that prop up capitalists. Massive concentrations of wealth, rigid economic hierarchies, and unsustainable modes of production are not the results of the market form, but of markets deformed and rigged by a network of state-secured controls and privileges to the business class. Markets Not Capitalism explores the gap between radically freed markets and the capitalist-controlled markets that prevail today. It explains how liberating market exchange from state capitalist privilege can abolish structural poverty, help working people take control over the conditions of their labor, and redistribute wealth and social power. Featuring discussions of socialism, capitalism, markets, ownership, labor struggle, grassroots privatization, intellectual property, health care, racism, sexism, and environmental issues, this unique collection brings together classic essays by Cleyre, and such contemporary innovators as Kevin Carson and Roderick Long. It introduces an eye-opening approach to radical social thought, rooted equally in libertarian socialism and market anarchism. “We on the left need a good shake to get us thinking, and these arguments for market anarchism do the job in lively and thoughtful fashion.” – Alexander Cockburn, editor and publisher, Counterpunch “Anarchy is not chaos; nor is it violence. This rich and provocative gathering of essays by anarchists past and present imagines society unburdened by state, markets un-warped by capitalism. -
ANTI-AUTHORITARIAN INTERVENTIONS in DEMOCRATIC THEORY by BRIAN CARL BERNHARDT B.A., James Madison University, 2005 M.A., University of Colorado at Boulder, 2010
BEYOND THE DEMOCRATIC STATE: ANTI-AUTHORITARIAN INTERVENTIONS IN DEMOCRATIC THEORY by BRIAN CARL BERNHARDT B.A., James Madison University, 2005 M.A., University of Colorado at Boulder, 2010 A thesis submitted to the Faculty of the Graduate School of the University of Colorado in partial fulfillment of the requirement for the degree of Doctor of Philosophy Department of Political Science 2014 This thesis entitled: Beyond the Democratic State: Anti-Authoritarian Interventions in Democratic Theory written by Brian Carl Bernhardt has been approved for the Department of Political Science Steven Vanderheiden, Chair Michaele Ferguson David Mapel James Martel Alison Jaggar Date The final copy of this thesis has been examined by the signatories, and we Find that both the content and the form meet acceptable presentation standards Of scholarly work in the above mentioned discipline. Bernhardt, Brian Carl (Ph.D., Political Science) Beyond the Democratic State: Anti-Authoritarian Interventions in Democratic Theory Thesis directed by Associate Professor Steven Vanderheiden Though democracy has achieved widespread global popularity, its meaning has become increasingly vacuous and citizen confidence in democratic governments continues to erode. I respond to this tension by articulating a vision of democracy inspired by anti-authoritarian theory and social movement practice. By anti-authoritarian, I mean a commitment to individual liberty, a skepticism toward centralized power, and a belief in the capacity of self-organization. This dissertation fosters a conversation between an anti-authoritarian perspective and democratic theory: What would an account of democracy that begins from these three commitments look like? In the first two chapters, I develop an anti-authoritarian account of freedom and power. -
The Marxist Vol
The Marxist Vol. XII, No. 4, October-December 1996 On the occasion of Lenin’s 125th Birth Anniversary Marxism Of The Era Of Imperialism E M S Namboodiripad The theoretical doctrines and revolutionary practices of Vladymir Illyich Lenin (whose 125th birth anniversary was recently observed by the Marxist-Leninists throughout the world), have well been called “Marxism of the Era of imperialism.” For, not only was Lenin a loyal disciple of Marx and Engels applying in practice their theory in his own homeland, but he also further developed the theory and practices of the two founders of Marxism. EARLY THEORETICAL BATTLES Born in Tsarist Russia which was seeped in its feudal environment, he noticed that capitalism was slowly developing in his country. He fought the Narodniks who advocated the doctrine of the irrelevance and no-applicability of Marxism to Russian conditions. His first major theoretical work was the Development of Capitalism in Russia where he proved that, though in feudal environment, capitalism was rapidly developing in Russia. He thus established the truth of Marxist theory of the working class being the major political force in the development of society. Further, an alliance of peasantry under working class leadership will form the core of the revolutionary forces in the conditions of backward feudal Russia. Having thus defeated the Narodniks, he proceeded to demolish the theory of “legal Marxists” according to whom Marxism was to be applies in perfectly legal battles against capitalism. He asserted the truth that the preparation for the social transformation in Russia should be based on the sharpening class struggle culminating in the proletarian revolution. -
Political Science – I
Paper code: B.A. LL.B – 110 Subject: Political Science – I Objective: This paper focuses on understanding the basic concepts, theories and functioning of State. The course prepares the student to receive instruction in Constitutional Law and Administrative Law in the context of political forces operative in society. It examines political organization, its principles (State, Law and Sovereignty) and constitutions. UNIT -I: Political Theory a. Introduction i. Political Science: Definition, Aims and Scope ii. State, Government and Law b. Theories of State i. Divine and Force Theory ii. Organic Theory iii. Idealist and Individualist Theory iv. Theory of Social Contract v. Hindu Theory: Contribution of Saptang Theory vi. Islamic Concept of State UNIT -II: Political Ideologies a. Liberalism: Concept, Elements and Criticisms; Types: Classical and Modern b. Totalitarianism: Concept, Elements and Criticisms; Types: Fascism and Nazism c. Socialism: Concept, Elements and Criticisms; Schools of Socialism: Fabianism, Syndicalism and Guild Socialism d. Marxism and Concept of State e. Feminism: Political Dimensions UNIT-III: Machinery of Government a. Constitution: Purpose, Features and classification b. Legislature: Concept, Functions and Types c. Executive: Concept, Functions and Types d. Judiciary: Concepts, Functions, Judicial Review and Independence of Judiciary e. Separation of Powers f. Political Processes UNIT- IV: Sovereignty and Citizenship a. Sovereignty: Definition and Types (Political, Popular and Legal) b. Rights: Concept and Types (Focus on Fundamental and Human Rights) c. Duties: Concept and Types d. Political Thinkers: Plato’s Justice; Aristotle on Government and Citizenship; John Rawls on Distributive Justice; Gandhi’s Concept of State and Swaraj ; Nehruvian Socialism; Jai Prakash Narain’s Total Revolution UNIT I: POLITICAL THEORY a. -
The Rise of Ethical Anarchism in Britain, 1885-1900
1 e[/]pater 2 sie[\]cle THE RISE OF ETHICAL ANARCHISM IN BRITAIN 1885-1900 By Mark Bevir Department of Politics Newcastle University Newcastle upon Tyne NE1 7RU U.K. ABSTRACT In the nineteenth century, anarchists were strict individualists favouring clandestine organisation and violent revolution: in the twentieth century, they have been romantic communalists favouring moral experiments and sexual liberation. This essay examines the growth of this ethical anarchism in Britain in the late nineteenth century, as exemplified by the Freedom Group and the Tolstoyans. These anarchists adopted the moral and even religious concerns of groups such as the Fellowship of the New Life. Their anarchist theory resembled the beliefs of counter-cultural groups such as the aesthetes more closely than it did earlier forms of anarchism. And this theory led them into the movements for sex reform and communal living. 1 THE RISE OF ETHICAL ANARCHISM IN BRITAIN 1885-1900 Art for art's sake had come to its logical conclusion in decadence . More recent devotees have adopted the expressive phase: art for life's sake. It is probable that the decadents meant much the same thing, but they saw life as intensive and individual, whereas the later view is universal in scope. It roams extensively over humanity, realising the collective soul. [Holbrook Jackson, The Eighteen Nineties (London: G. Richards, 1913), p. 196] To the Victorians, anarchism was an individualist doctrine found in clandestine organisations of violent revolutionaries. By the outbreak of the First World War, another very different type of anarchism was becoming equally well recognised. The new anarchists still opposed the very idea of the state, but they were communalists not individualists, and they sought to realise their ideal peacefully through personal example and moral education, not violently through acts of terror and a general uprising. -
Charlotte Wilson, the ''Woman Question'', and the Meanings of Anarchist Socialism in Late Victorian Radicalism
IRSH, Page 1 of 34. doi:10.1017/S0020859011000757 r 2011 Internationaal Instituut voor Sociale Geschiedenis Charlotte Wilson, the ‘‘Woman Question’’, and the Meanings of Anarchist Socialism in Late Victorian Radicalism S USAN H INELY Department of History, State University of New York at Stony Brook E-mail: [email protected] SUMMARY: Recent literature on radical movements in the late nineteenth and early twentieth centuries has re-cast this period as a key stage of contemporary globali- zation, one in which ideological formulations and radical alliances were fluid and did not fall neatly into the categories traditionally assigned by political history. The following analysis of Charlotte Wilson’s anarchist political ideas and activism in late Victorian Britain is an intervention in this new historiography that both supports the thesis of global ideological heterogeneity and supplements it by revealing the challenge to sexual hierarchy that coursed through many of these radical cross- currents. The unexpected alliances Wilson formed in pursuit of her understanding of anarchist socialism underscore the protean nature of radical politics but also show an over-arching consensus that united these disparate groups, a common vision of the socialist future in which the fundamental but oppositional values of self and society would merge. This consensus arguably allowed Wilson’s gendered definition of anarchism to adapt to new terms as she and other socialist women pursued their radical vision as activists in the pre-war women’s movement. INTRODUCTION London in the last decades of the nineteenth century was a global crossroads and political haven for a large number of radical activists and theorists, many of whom were identified with the anarchist school of socialist thought.