#economic model

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Pahang aims for modern economic transition focused on sustainability, infrastructure, investments, and talent development for long-term resilience.... #pahang

Identifying Two Key Vulnerabilities in Big Tech’s Economic Model.

" These two rights, liberty and property, seem like perverse foundations for a system of broad social coordination, for they guarantee that, except for specific prohibitions, people can do as they wish.

A series of systemic failures including the financial collapse of 2009 and the COVID-19 pandemic have illuminated the shortcomings and errors within these orthodox economic models. In response the discipline of economics is undergoing rapid change. Shaping a new orthodoxy involves the recovery of work which has been long admired but relegated from mainstream economic thinking (for example Ostrom’s work on the commons and feminist studies on the value of care and household work); the re-positioning of economic policy and business strategy around notions of value and purpose (the critical work of Mazzucato and Kelton); groundbreaking analysis of the connections between technology revolutions and smart growth (Perez) and what we might call the economics of emergence which understands that there can be no sustainable economy that privileges growth above the ecological boundaries of the planet (Raworth, Beinhocker, Bauwens).