In short, the ones who have the education and experience to understand both culture and the economy are hidden and are in conflict with themselves, while the vast majority of people who do not have the education and experience to understand culture and the economy are out in public fighting with one another. And as Polanyi argued, the … Continue reading Embeddedness and Separateness
Tag: culture
Economy and Democracy
We must also be mindful of the fact an economy cannot be disembedded or disentangled from a culture and society. For instance, the American economy is embedded in American culture, and the Chinese economy is embedded in Chinese culture. It follows that we must assess the role which culture plays in the overall functions and operations of the … Continue reading Economy and Democracy
Class Situation
Coincidentally, White Americans are no longer among the top ten richest ethnic groups in the United States based on average income. As evinced by the Trump movement or the “MAGA” movement and so forth, many White Americans see themselves as being part of a marginalized class which is now getting the short end of the stick from … Continue reading Class Situation
Groping for Identity
Interdependence means the union of opposites is better than decoupling. There are more benefits all around to the union of opposites than decoupling from an economic and human development and international affairs and international relations standpoint, despite the obvious cultural and religious differences which exist between the opposites. But one can argue that culture would … Continue reading Groping for Identity
Varieties of World Order
In the end, culture imposes itself on the individual. Yet, culture is the least studied issue in the social sciences, even though it is the most important issue for social scientists. As Le Bon wrote: “The factors which determine the birth and development of the basic elements of a civilization are just as numerous as … Continue reading Varieties of World Order
Adam A. Azim 