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Unit III: The New EconomyWorking Around the World and Around the Clock

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Unalienable rights to life, liberty, property. The Individual has reason ... Compassionate Conservative: Show Charity. Temper justice with mercy. ... – PowerPoint PPT presentation

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Title: Unit III: The New EconomyWorking Around the World and Around the Clock


1
Unit III The New Economy-Working Around the
Worldand Around the Clock
  • Do the Winners Have Obligations to the Losers?

2
A FRAMEWORK
  • LIBERTY
  • Unalienable rights to life, liberty, property
  • The Individual has reason
  • Let the individual freely choose
  • The Self-Regulating Market
  • Prosperity in the aggregate
  • Opportunity for the individual
  • The State (the social contract)
  • The Capitalist Market (disembedded econ)

3
LIBERTY POLICIES
  • Divine Grace the successful are blessed
  • Social Darwinism survival of the fittest
  • Moral Libertarianism laissez faire
  • Do good rewards
  • Do bad (evil) punishment
  • Compassionate Conservative
  • Show Charity. Temper justice with mercy.
  • No Fault Problem The Widow and the Orphan

4
Framework IIEgalitarianism
  • The Individual and agency
  • Social Structure, social forces
  • Social Constraints
  • Language
  • Culture
  • Class
  • Racism, Sexism, Disadvantage of the Obese

5
An Applied ExperimentAddressing Vehicular
Accidents
  • Problem 43,000 fatalities/yr
  • 16.5M collisions/yr
  • Personal Responsibility Solutions
  • Objective Conditions Solutions

6
Private vs Public Sector?
  • Overseeing/securing food and drug safety
  • Environmental protection
  • Zoning and nuisance control
  • Health and disability protection
  • Income security
  • Old age pension
  • Unemployment insurance
  • We need and rely on both!

7
What Govt Can Do
  • Universalizes an initiative for all eligible
    consumers
  • Everyone qualified gets Medicare
  • Levels the playing field for all relevant
    suppliers
  • No one (Meat Packer) can offer lower price due to
    Uninspected Produce

8
Reformulate the Question
  • What obligations do I have to displaced workers?
  • The issue is not YOU. Its displaced workers
  • What obligations do I have to help satisfactorily
    address the issue

9
In the Long Run
  • Education
  • What proportion of Americans 25 yrs old
    completed High School?
  • 84
  • In 1940 it was 25
  • What proportion of Americans 25 yrs old
    completed College?
  • 26.7
  • How long before most HS graduates complete
    college? - 100 years
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