15 Matching Annotations
  1. Aug 2020
    1. At a dinner in 2002, Thatcher was asked what she saw as her great achievement. Her answer? “Tony Blair and New Labour. We forced our opponents to change their minds.”

      Thatcher and her heir Tony Blair.

    2. Then, ideas once dismissed as unrealistic or impossible might just become inevitable.And that’s exactly what happened.

      And that's what happened in the 70s.

    3. Crises played a central role in Friedman’s thinking. In the preface to his book Capitalism and Freedom (1982), he wrote the famous words: “Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.”

      Friedman understood crisis as an opportunity.

    4. In those days, just after the war, most politicians and economists espoused the ideas of John Maynard Keynes, British economist and champion of a strong state, high taxes, and a robust social safety net. The neoliberals by contrast feared growing states would usher in a new kind of tyranny. So they rebelled.

      Another kind of liberalism - a social liberalism - was dominant in economics than: Keynesianism.

    5. Hard as it may be to imagine now, there was a time – some 70 years ago – that it was the defenders of free market capitalism who were the radicals.

      Once economic liberals were radicals.

    6. “Radical reforms – reversing the prevailing policy direction of the last four decades – will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.”

      Is that an effort for a "radical reform", or simply an effort to save one's skin?

    1. Adriano Olivetti affirme en effet alors qu’il faut « porter les capitaux là où il y a la force de travail, et non pas l’inverse », car il considére abominable que l’on déracine systématiquement de leur territoire des personnes et des communautés entières

      Against uprooting of workers.

    2. Mais les syndicalistes ne le suivent pas et, plus tard, les actionnaires l’empêchent de poursuivre de nouvelles tentatives allant dans ce sens.

      Didn't have, at least later, support of the trade unionists and of shareholders.

    3. Tout au long des années 1930 – une décennie très importante pour son développement intellectuel et culturel –, Olivetti étudie le corporatisme et la planification économique, une forme et un moyen d’organisation sociale qu’il intègre à la culture entrepreneuriale, bien représentée par Olivetti et sa prédisposition au « taylorisme social » et à la technocratie

      In the 30s studied corporatism and economic planning.

    4. un tout inséparable et organique à organiser grâce à la « science managériale ». Dans cette perspective, la gestion ne peut plus être confiée au chef – une figure chère aux dirigeants fascistes qui, à cause de sa « vocation naturelle à la création », aurait eu le droit d’agir en tant que despote éclairé –, car celui-ci est perçu comme un obstacle au développement de l’entreprise, en court-circuitant la méthode rationnelle et en imposant une position centralisatrice. Ainsi, la société Olivetti devint rapidement une organisation fondée sur la responsabilité de tous et, surtout, sur la coopération entre les personnes, le dirigeant n’étant que « l’animateur de cet esprit coopératif et le coordinateur de l’activité4 »

      Company where all share responsibility - but not against progress or science - but justified as the organisation best following scientific managerialism and rationalism.

    5. à deux types de valeurs : d’un côté, on voulait que le design, le graphisme publicitaire et l’architecture représentent des valeurs esthétiques (la qualité, l’excellence, la distinction et le bon goût1) ; de l’autre on voulait que l’entreprise concrétise des valeurs éthiques et sociales, telles la collaboration et la coopération, le respect de la personne et de son autonomie.

      Two values: esthetical values & company as the embodiment of ethical and social principles.

  2. May 2020
    1. Italy and Spain would have been better off with an unconstrained ECB and no recovery fund.

      Put this way, it makes for a pretty harsh judgment on the fund.

    1. But these arguments conflate air and water pollution — crucial environmental issues in their own right! — with CO2 emissions.

      CO2 =/ pollution.

    2. even if all travel were completely carbon-free (imagine a renewable-powered, electrified train system, combined with personal EVs and battery-powered airplanes), there’d still be another 80 percent of fossil fuel emissions billowing into the skies.

      Transport - "only" 20 % of carbon emissions.

    3. “I think the main issue is that people focus way, way too much on people’s personal footprints, and whether they fly or not, without really dealing with the structural things that really cause carbon dioxide levels to go up,” said Gavin Schmidt, a climatologist and the director of the NASA Goddard Institute for Space Studies in New York City.

      Key quote. Correct. Individual action is not enough. We need a collective change of behaviour.