Social Structures of Accumulation

What is an SSA? How does it promote accumulation and growth?

An SSA, or Social Structure of Accumulation, is a framework that explains the relations and institutions that enable capital accumulation within a given society. It promotes growth through mechanisms such as financial institutions, labor relations, and government policies that facilitate investment and economic expansion.

Why did regulated capitalism emerge? Was it successful?

Regulated capitalism emerged as a response to the economic volatility and crises of unregulated markets, promoting stability and growth through government intervention and regulation. Its success is measured by improved economic stability, reduced inequality, and sustained growth during the mid-20th century.

Why did neoliberal capitalism emerge? Was it successful?

Neoliberal capitalism emerged in the late 20th century as a reaction against the perceived inefficiencies of regulated capitalism, emphasizing free markets, deregulation, and privatization. Its success is debated, with proponents citing economic growth and globalization, while critics point to increased inequality and social unrest.

Compare Great Depression and Great Recession programs for preventing foreclosure.

Both the Great Depression and Great Recession prompted government intervention programs aimed at preventing foreclosure, such as the Home Owners' Loan Corporation in the 1930s and the Home Affordable Modification Program during the 2008 financial crisis. These programs provided financial assistance and foreclosure relief to stabilize housing markets.

How has economic performance been since 2008? How effective was the government response to the crisis?

Since 2008, economic performance has shown uneven recovery, with growth in some sectors and persistent challenges like wage stagnation and inequality. The government's response, including monetary easing and stimulus measures, is seen as effective in averting a deeper recession, but debates continue over its long-term impact on economic stability and inequality.

What is a socialist economic system? What are the arguments for and against a socialist economic system as an alternative to capitalism?

A socialist economic system is characterized by social or collective ownership of the means of production and central planning of economic activities. Proponents argue it leads to greater equality and social welfare, while opponents claim it can stifle individual initiative and economic efficiency.