Capitalism: What’s working. What’s not. 4/8

Posted on April 1, 2019 by in Past Events

 

Join Nick Kristof and Sheryl WuDunn for an intimate off-record discussion about capitalism by FDR’s fireplace.

In this age of globalization, automation, inequality, and climate change, do we need a new reckoning around capitalism and regulation like the one FDR provided in the 1930s?

Monday, April 8, 7:30-8:30pm, at the FDR Suite (Adams House B-17)

Limited to ten students. Undergraduates only. RSVP required.

 

Sheryl WuDunn
Hauser Visiting Leader, HKS Center for Public Leadership (Spring 2019)
Founder, FullSky Partners; Pulitzer Prize Winner

Sheryl WuDunn, the first Asian-American reporter to win a Pulitzer Prize, is a business executive, lecturer, and best-selling author. Currently, she is co-founder of FullSky Partners, which works with socially-driven ventures, and a Venture Partner at Piedmont Partners Group Ventures, a small private equity group based in San Francisco.

Previously, Ms. WuDunn served as a vice president in the investment management division at Goldman, Sachs & Co. and as a commercial loan officer at Bankers Trust. She also worked at The New York Times as both an executive and journalist notably as a foreign correspondent for The Times in Tokyo and Beijing, where she wrote about economic, financial, political and social issues.

She is co-author of Half the Sky: Turning Oppression into Opportunity for Women Worldwide, a New York Times best-selling book about the challenges facing women around the globe.

With her husband Nicholas D. Kristof, she has co-authored two best-selling books about Asia: Thunder from the East and China Wakes. She and her husband are recipients of a Pulitzer Prize for their work covering China. Most recently, WuDunn and Kristof authored A Path Appears: Transforming Lives, Creating Opportunity that also inspired a PBS-documentary, which both provide a unique and essential narrative about making a difference in the world — and a roadmap to becoming a conscientious global citizen.

Ms. WuDunn received the Dayton Literary Peace Prize for Lifetime Achievement in 2011. That year Newsweek cited Ms. WuDunn as one of the “150 Women Who Shake the World.”

She graduated from Cornell University, where she is a member of the Board of Trustees. She earned an MBA from Harvard Business School and an MPA from Princeton University’s Woodrow Wilson School. She is a recipient of honorary degrees from the University of Pennsylvania and Middlebury College. She was a Senior Lecturer at Yale University’s Jackson Institute for Global Affairs in fall, 2011.

 

Nicholas Kristof
Hauser Visiting Leader, HKS Center for Public Leadership (Spring 2019)
Op-ed Columnist, The New York Times; Pulitzer Prize winner

Nicholas D. Kristof, a columnist for The Times since 2001, is a two-time Pulitzer Prize winner who writes op-ed columns that appear twice a week. Mr. Kristof grew up on a sheep and cherry farm near Yamhill, Oregon. He graduated Phi Beta Kappa from Harvard College and then studied law at Oxford University on a Rhodes Scholarship.

After joining The New York Times in 1984, initially covering economics, he served as a Times correspondent in Los Angeles, Hong Kong, Beijing and Tokyo. He later was Associate Managing Editor of The Times, responsible for Sunday editions. In 1990 Mr. Kristof and his wife, Sheryl WuDunn, then also a Times journalist, won a Pulitzer Prize for their coverage of China’s Tiananmen Square democracy movement. Mr. Kristof won a second Pulitzer in 2006, for commentary for what the judges called “his graphic, deeply reported columns that, at personal risk, focused attention on genocide in Darfur and that gave voice to the voiceless in other parts of the world.”

In his column, Mr. Kristof was an early opponent of the Iraq war. He among the first to warn that we were losing ground to the Taliban in southern Afghanistan and raise doubts about WMD in Iraq.

Mr. Kristof and Ms. WuDunn are authors of China Wakes: The Struggle for the Soul of a Rising Power, and Thunder from the East: Portrait of a Rising Asia. Together they wrote Half the Sky: From Oppression to Opportunity for Women Worldwide, which was the inspiration of The Half the Sky Movement that seeks to ignite the change needed to put an end to the oppression of women and girls worldwide. Most recently, Kristof and WuDunn authored A Path Appears: Transforming Lives, Creating Opportunity that also inspired a PBS-documentary, which both provide a unique and essential narrative about making a difference in the world — and a roadmap to becoming a conscientious global citizen.

Liberal Democracy Doesn’t Fall from the Sky

Posted on February 2, 2018 by in Commentary

by Alexander Görlach [translated from the German original published in Neue Zürcher Zeitung, December 17th, 2017]
 
The West appears to face its end. After seventy years of liberal hegemony, the opposition carries the day in countless places. This opposition stands in stark denial of the core principles of citizenship and social liberties which the West brought: tolerance of religious minorities, equality of men and women, free speech, and openness to the variance of life-paths. Regarding the relations between peoples and nations, it’s “us first” again – from the US to Catalonia. Cosmopolitan thinking, which thinks of politics as a solution to global quests, is ridiculed. 
 
Narcissism returns to the grand stage of international politics: the appraisal of the self at the peril of the other. The Western model – secular liberal democracy – functioned in the exact opposite way: a democracy that derives the general well being from the liberties of its minorities. It is a community that strives to enable participation and welfare the broadest possible group. This order ultimately realizes the utopia of equality, liberty and brotherhood by combining the political with both economic and welfare metrics. 
 
A liberal democracy can only exist where schools and universities are open to everyone. It can only exist where social pathologies are countered with unemployment welfare, statutory accident insurance, health care, and pensions – for all. Liberal democracy doesn’t just fall from the sky; it is the result of equal living conditions for all those participating in it. The middle-class societies of the West are its perfect breeding ground. To paraphrase Bertolt Brecht: where there’s enough to eat, there’s time to think about morality. 
 
Civil liberties only enter conscious thought where education welfare and affluence offer it a breeding ground. That’s why the United States, in its rebuilding strategy after World War II ,prioritized economic projects that overcame the differences of the past – both in Europe and the Pacific Rim. The susceptibility to demagogic rhetoric decreases with affluence. This also explains why The People’s Republic of China strengthens its grip on society at the very moment a well-situated middle class establishes itself. Beijing learned its lessons from the West’s success story. 
 
In the countries of Europe and the United States, which make up the West as we know it, the liberal model isn’t yet fighting one-party systems and autocrats. Instead, it’s battling with a perceived unlinking of economic and political participation. If the middle class isn’t growing anymore, if savings pay no interest anymore, and if the access to education is increasingly hard, then this middle-class loses faith in liberal democracy. 
 
That’s why calls for a strong leader are audible in almost every country of the western world. And it’s the reason, too, why minorities and Muslims are demonized and declared to be the root of all evil – past, present, and future. In Germany, for example, supporters of the Alternative für Deutschland (AfD) and Pegida claim in surveys that while they’re content with their present situation, they fear a bleak future of mass immigration. 
 
In the internet age, the facilities for political participation have substantially increased in number. That doesn’t apply to the possibilities of profiting economically from these new developments. The criticism aims at the political system but means the financial-economic sector. During the summer of 2011, Thatcher biographer Charles Moore and German intellectual Frank Schirrmacher began a public discussion on the question of whether the Left might have been right with its criticism of financial capitalism. 
 
The conservatives, argued Schirrmacher, had entrusted the financial liberals with their values and ever since waited for the dividend – without success, as Schirrmacher concludes. That’s how both the conservatives, which understood themselves as patriotic cosmopolitans, and the social-democrats, who considered themselves an international alliance, stumbled into a crisis created by what is now labelled neoliberalism. 
 
The world, globalized by the West, holds both blessing and curse. Blessing, because it realized the cosmopolitan vision of classical antiquity by enforcing free movement of persons and ideas. Curse, because free-flowing capital doesn’t benefit the many, but the few – contrary to knowledge. 
 
The result is a divide between expectations and unfulfilled hopes. This dialectic of the liberal world is a re-issue of the dialectic of enlightenment. Curse and blessing are still intertwined in political consciousness. That explains why citizens are willing to protest against refugees with a smartphone, but not when the Panama or Paradise Papers reveal how the most affluent abuse financial globalization to avoid their duties to the welfare state. 
 
European modernity, with its pursuit of enlightenment and development, got the ball rolling. It alone can reconcile the quarreling spirits that it conjured up. To do so, the West has to reappraise its origin: Christian humanism with its emphasis on humankind as an end in itself. As the Christian theologian argues, man is the axis of salvation. The world, in which man finds himself has to befit his proportions and remain intelligible and comprehensible to him in relation to the self.    
 
In the classical sense, this certainly does not imply that human beings of foreign origin, language or religions are perceived as beyond the bounds of his proportions. Instead, cosmopolitanism argues that the rulebook of the world applies equally to all because all are equal. The first cosmopolitans, by name and conviction, were philosophers of Athens (and later Rome). To them, it meant an empathetic basis for thinking and acting that would reveal the whole world in us and our actions. Only in this way can the gaze, in a next step of abstraction, direct itself to the world beyond the city walls. 
 
When, on Christmas Eve 1968, the Apollo 8 crew first transmitted a photograph of the Earth from outer space, the dream of the ancient European cosmopolitans was about to be fulfilled. Doesn’t this planet look too vulnerable, from up there – sub specie aeternitatis – for its inhabitants to be divided over trivialities such as race, gender and language? The photograph, titled “Earthrise” inspired the peace and environmental movement alike. 
 
Today, the isolationist movements in all parts of the world point to the opposite direction, into an age of nationalism and totalitarianism that could be termed ‘second middle age’. To the European, accustomed to vicissitudes of life, the relapse into barbarism seems undeniable and fatal. But it isn’t. He ought, instead, to go into battle and missionary mode and offer to humankind what has always been in its nature: a political and social system that builds on the connection lines of the human family, embedded in a shared sense of compassion. Above all, doing so will require a global social contract that puts an end to the rule of capital, which has enslaved man and disfigured his soul for far too long. 
 
Professor Alexander Görlach is an affiliate of the FDR Foundation’s Defense of Democracy program and a senior fellow to the Carnegie Council for Ethics in International Affairs. He is also a fellow to the Center for the Research in Arts, Social Sciences and Humanities (CRASSH) at the University of Cambridge, UK. He holds PhDs in linguistics and comparative religion and is the publisher of the online-magazine www.saveliberaldemocracy.com. This article represents his views alone, not those of the FDR Foundation or other institutions.