Woke Capitalism

Through woke capitalism, the people who benefit most from inequality are setting the agenda, with serious implications for democracy.

Keyword: political correctness, green washing, social justice warrior

Capitalism and Business 101

Business success is deterministic. The one that efficient: either is big, either is big in speed, either big in execution.

All business is infrastructure business, in a sense of capital formation, capital accumulation. How to form capital as simply as buy low, sell high, buy more. Business involve speculation, and working business is the one that having an excess speculation. Port business is logistics business is property business is infrastructure business. How to handle business: lobby and deal. In business, every minutes is business decision

Analysts of capitalism with such different views as Karl Marxand Michael Porter agree that any enterprise has to be able to meet the actual productivity requirement within its own branch of industry at any point in time, if it is to survive in the market.

Nowadays competition has become a sort of political myth, apparently supported by the results of mainstream economics. Marx describes competition as an ‘external coercive law’, which imposes capital logic over the individual and the overall society, regulates the reproduction of class relations and produces a number of economic tendencies. He shows that, historically, it develops with the development of capital and argues that even the appearance of a competitive ‘human nature’ is part of this process.

What is the Marxian theory for small business?
Small businessowners are in socialist theory considered ‘petty bourgeoisie’, or in easier terms “minor capitalists”; they’re certainly part of the capitalist class, and do exploit, but they’re not really equivalent to capitalists who own corporations

Strategic Management and Determinism
Contingecy theories of management and economic theories of industrial organization both contribute to a mechanistic view of the strategic manager as “analyst”. In this view, the secret to managerial effectiveness is through the application of scientific laws or principles, be they “laws of organization” or “law of the marketplace. This paper argues for a view of strategic management as creative activity and suggest a dialectic between free will and determinism in conceptualization of strategic behavior

Free will is a moral, religious, and social concept that is central to philosophy and most religions.

Stochastic vs Deterministic Models

“There is a disputation that will continue till mankind is raised from the dead, between the necessitarians and the partisans of free will.” These are the words of the 12th century Persian poet and Sufi thinker, Jalalu’ddin Rumi. The free will of which Rumi speaks is the traditional notion of freedom that many thinkers have believed was in conflict with necessitarian or deterministic doctrines of all kinds —fatalistic, theological, physical, biological, psychological or social.

Sociology School of Thought

Interesting

Sociology – Basic Theory of Modern Institutionalism

Interesting

Collectivism, interesting theory.

Theory alone is of no value. Practical application of the theory is the test (John Williams Streeter)

Sociology & Capitalism

1.What is the key to wealth according to Marx?
For Marx, and especially in capitalism, domination came from control of the economy or material factors, although it was not confined to this. Thus, the dominant class was the class which was able to own, or at least control, the means of production or property which formed the basis for wealth.

2.What was Karl Marx view on wealth?
Marx wrote, “Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole.” Any objective view of global economics today can see how this statement makes practical sense.

3.What did Karl Marx believe about business?
Marx believed that in a capitalist system, society would inevitably divide themselves into two classes – the business owners and the workers. The workers would produce the material goods and conduct all the labor, while the owners would reap all the financial and social benefits.

4.What was Karl Marx’s explanation for business cycles?
Karl Marx claimed that recurrent business cycle crises were an inevitable result of the operations of the capitalistic system. In this view, all that the government can do is to change the timing of economic crises.

5.What are the 5 stages of society according to Marx?
The main modes of production that Marx identified generally include primitive communism, slave society, feudalism, mercantilism, and capitalism. In each of these social stages, people interacted with nature and production in different ways.

6.What is the Marxian method of profit creation?
In other words, Marx argued that workers create value through their labor but are not properly compensated. Their hard work, he said, is exploited by the ruling classes, who generate profits not by selling their products at a higher price but by paying staff less than the value of their labor.

7.What are the main points of Marxism?
Marxists believe that humans’ ability to produce goods and services today means people can move beyond the conflicts of a society that is divided into classes. Many Marxists believe that there will always be revolts and with the right conditions revolutions. In these revolutions, the workers will fight the capitalists.

8.What did Karl Marx think about rich and poor?
The well-worn assertion that the rich get richer while the poor get poorer echoes Karl Marx’s theory of immiseration which said that capitalists could only become richer by lowering wages, thereby reducing the living standards of workers until they had no choice but to revolt.

9.What did Karl Marx’s theory believe in?
Like the other classical economists, Karl Marx believed in the labor theory of value to explain relative differences in market prices. This theory stated that the value of a produced economic good can be measured objectively by the average number of labor hours required to produce it.

10.What was Karl Marx impact on economics?
The distinction between labor and labor power is Marx’s greatest discovery and contribution to political economy, because through this distinction the source of surplus value can be explained on the basis of equivalent exchanges. Marx argued that surplus value is created in the sphere of production by labor.

11.How does Marx see power
Marx views power as to be held by a particular group (dominant class) in society at the expense of the rest of the society (subordinate class). This is a constant sum concept of power since a net gain in the power of the dominant group represents a net loss in the power of the next in society.Jan 20, 2020

Capitalism, Authoritarianism, Patriarchy and Imperialism

Interesting, Capitalism is problem with money, Patriarchy is problem with women, and Imperialism is problem with Identity (Ethnicity). Capitalism is problem with work (who get it), Patriarchy is problem with roles (who did it), Imperialism is problem with authority (whom it belong).

Anti-Patriarchy (Feminism) is equal opportunity for both sexes.

Fundamentalism is a type of modern political movement whih uses religion as a base from which to try to gain power and extend social control (Rayah Feldman and Kate Clark: Women, Religious Fundamentalism and Reproductive Rights)

Book: Global Social Policy and Governance (Bob Deacon 2007)

Wiki: Authoritarianism is a political system characterized by the rejection of political plurality, the use of strong central power to preserve the political status quo, and reductions in the rule of law, separation of powers, and democratic voting

Social construction (Sociology)

Bos saya dulu pernah bilang
“Jar, semua orang itu kalau udah lewat umur 40-an, yang dulunya ganteng itu jadi jelek, tapi yang dulunya jelek sekalipun bisa jadi ganteng. Kalau dia banyak duit”

Saya teringat kembali perkataan bos saya itu, seorang yang mungkin pendidikan formalnya biasa saja tapi pendidikan informalnya penuh filosofi. Betul, apa yang bos saya katakan itu social construction, dan itu bukan saja ganteng, tapi juga ras dan mungkin ustad dan politisi.

Social Construction:

• Race
• Gender
• Old Age (time)
• Beauty (attractiveness)
• Crime
• Genius
• Art

Why Indonesia is not modern country

What is still contested is the nature of the nation-state. All but a decade of the past 200 years have been under authoritarian rule, whether colonial (Dutch, British or Japanese), populist (Sukarno) or military-bureaucratic (Soeharto).

The transition to democracy has therefore been even more protracted and painful than economic development. This has in turn retarded the emergence of institutions that would be appropriate to a modern-state and able to sustain a large, dispersed and technically sophisticated economy.

Howard Dick et al 2001, Economic History of Indonesia 1800-2000

I am crying reading this.

Sociology – Social Frame

Any human activity can be described from sociology perspective as conflict of the class (marx) or can be described as harmony (durkheim). Marx see realistic perspective while Durkheim see from idealistic one. But the major flaw is not whether which interpretation is right, the major flaw is trying to construct a model based on human activity. This model is proven in the history as failure.

Combination of perspective that can be used:

• Big 3 Economics: Smith-Capitalism, Marx and Keynes
• Big 3 Sociology: Marx-Class-Conflict, Weber-Social-Action, Durkheim-Functionalism ref
• Big 3 Innovation: Marx, Schumpeter-Creative-Distruction, (Drucker?), (Edison is inventor)

Let says Indonesia, the current situation in Indonesia can be described from transitions theory, as the country that in progress, from old technology to new technology. In order to have a smooth transition, a good governance required -in the term of transition management