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Theory, History and Thinkers

Viewpoint on the surge in federal government spending by the United States

We often hear that the Republican presidency of George W. Bush was characterized by a reduction in the size of government and that this is a classic example of the failure of laissez-faire economics. However, a simple examination of spending by the United States Government during the eight years of the Bush administration shows clearly that this is a huge myth, far removed from reality.

The origins of the economic crisis

Both the left and the right view the present economic crisis as a consequence of greed and a failure of capitalism. On the far left, for example, a spokesman for Britain’s Socialist Workers Party talked about a “crisis of capitalism.” The Front National, a far-right French political party, makes the same diagnosis and defends “a powerful state as a regulator and a referee against international financial speculation.” Is it true that the current crisis represents a fundamental challenge for capitalism?

How can the NIMBY syndrome be avoided?

The syndrome known as NIMBY (short for Not In My BackYard) designates any conflict involving the location of dangerous or nuisance-creating projects in places where local people can be expected to oppose their establishment. In the last few decades we have seen a growth and broadening in this phenomenon of structured opposition, the intensity of which has led many public authorities to suffer from a tendency to stagnate with respect to major projects.

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