Is the Free Market Central to America's Future?
Series: Global Ethics Corner
From: Carnegie Council
Length: 00:01:30
Created and managed by Carnegie Council Senior Program Director and Senior Fellow William Vocke, Global Ethics Corner is a weekly 90-second segment devoted to newsworthy ethical issues.
Also in the Global Ethics Corner series
Global Ethics Corner: Should Universities be Giving so Many Ph.D.'s?
(00:02:01)
From: Carnegie Council
A Ph.D. used to be a ticket to a comfortable career in academia. But, in recent years, increasing numbers of Ph.D.'s have had trouble finding jobs or are earning less than ...
Global Ethics Corner: Vigilante Justice: Have Libyans' Demands for Retribution Gone Too Far?
(00:02:06)
From: Carnegie Council
Libya's civil war is over, but many victims of the Qaddafi regime are still violently meting out justice to their former oppressors. Will this just lead to a vicious cycle of ...
Global Ethics Corner: When Are Drones Strikes Ethical?
(00:01:53)
From: Carnegie Council
President Obama's top counterterrorism adviser recently defended drone strikes, saying they are legal, wise, and moral. But, citing international law, many critics question ...
Global Ethics Corner: A Warrior Ethic: Can Military Ethics be Taught?
(00:02:05)
From: Carnegie Council
After the recent highly publicized stories of American military members desecrating the remains of Taliban soldiers, many in the U.S. armed forces are learning about the ...
Global Ethics Corner: Is the World Bank Outdated?
(00:01:57)
From: Carnegie Council
With the election of another American to head the World Bank, some are questioning the institution's legitimacy and role in the world. Since once-impoverished nations are ...
Global Ethics Corner: Do Super-Maximum Security Prisons Constitute Cruel and Unusual Punishment?
(00:02:06)
From: Carnegie Council
A surprise ruling from the European Court of Human Rights could send five terror suspects to a super-maximum security prison in the United States. Is keeping inmates in ...
Global Ethics Corner: Daisey and Foxconn: Is Exaggeration Acceptable When Raising Awareness?
(00:02:02)
From: Carnegie Council
Mike Daisey has admitted to fabricating parts of his story on Foxconn for "This American Life." But, perhaps partly due to the attention his story received, the Chinese ...
Global Ethics Corner: Health Care in America: Should all Americans have a Right to Affordable Care?
(00:02:00)
From: Carnegie Council
With the Supreme Court set to make a decision, the Affordable Care Act is a major source of debate in the United States. Do all Americans have the right to affordable health ...
Global Ethics Corner: Ethics in Banking: Is There Hope for Wall Street?
(00:01:44)
From: Carnegie Council
The very public resignation of Goldman Sachs executive Greg Smith is the low point in a bad year for Wall Street. With the Occupy movement and a rumored recruiting crisis in ...
Global Ethics Corner: "Kony 2012": The Power of Simplicity or the Perils of Oversimplification?
(00:02:00)
From: Carnegie Council
Invisible Children's Kony 2012 campaign has reached critical mass and turned Joseph Kony into a household name. But does the organization's simplified message misinform the ...
Related Pieces
Piece Description
Created and managed by Carnegie Council Senior Program Director and Senior Fellow William Vocke, Global Ethics Corner is a weekly 90-second segment devoted to newsworthy ethical issues.
Transcript
In Foreign Affairs, Ian Bremmer states, "Until very recently New York City was the world's financial capital. It no longer is even the financial capital of the United States. That distinction now falls to Washington..."
Most Americans see this government intervention as necessary, and many hope that this intervention will ebb as the economy rebounds. Some also see this as an opportunity to redress health care, income distribution, or environment issues.
First, should state capitalism in America exit as soon as possible? George Will's op-ed states it should but unfortunately won't.
Second, Bremmer sees this tide of intervention in the developing world as "signaling a strategic rejection of free-market doctrine." "(T)he free-market tide has now receded." "(S)tate capitalism has introduced massive inefficiencies into global markets and injected populist politics..."
Therefore, the under...
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