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Author | : Kevin Skerrett |
Publisher | : Labor and Employment Research Association |
Total Pages | : 0 |
Release | : 2017 |
Genre | : Financialization |
ISBN | : 9780913447147 |
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It is often hoped and assumed that union stewardship of pension investments will produce tangible and enduring benefits for workers and their communities while minimizing the negative effects of what are now global and intensely competitive capital markets. At the core of this book is a desire to question the proposition that workers and their organizations can exert meaningful control over pension funds in the context of current financial markets. The Contradictions of Pension Fund Capitalism is an engaging and readable text that will be of specific interest to members of the labor movement, pension activists, pension trustees, fund administrators, environmental activists, and employers/managers, as well as academics involved in pension or labor research. The contents and arguments of the book are applicable across the United States, Canada, the United Kingdom, Australia, New Zealand, and Ireland, because these countries experience a similar macroeconomic context and face a similar pension landscape.
Author | : Leokadia Oręziak |
Publisher | : Routledge |
Total Pages | : 200 |
Release | : 2022 |
Genre | : Business & Economics |
ISBN | : 9781032078649 |
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"This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions. The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system. Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market"--
Author | : Gordon Clark |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : Pension trusts |
ISBN | : 9781383037296 |
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Little is known about the functions, structures and modes of decision making regarding pension fund assets. This book aims to fill that gap, through a theoretically informed account of Anglo-American pension funds.
Author | : Gordon L. Clark |
Publisher | : |
Total Pages | : 41 |
Release | : 2001 |
Genre | : |
ISBN | : |
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Since 1980, U.K. individual pension and retirement assets have increased about 10 fold to about 1.1 trillion Pounds. Over the same time, U.S. household retirement assets have increased about 7 fold to more than $5 trillion. High rates of asset growth have also been observed for Australia and Canada. Notwithstanding their current high standards of living, much of continental Europe has not shared in these extraordinary rates of growth of pension assets. In fact, many analysts believe that their long-term prosperity is threatened (relatively speaking) by inefficient, institutionally cumbersome finance sectors. While saving now for retirement has significant advantages for beneficiaries, less important is the fact that the growth of pension assets in the Anglo-American economies have profoundly changed the financial structure of these countries. Here I explain how and why pension assets have grown so large in the Anglo-American countries, beginning with an historical account to identify the reasons why German and continental European countries excluding The Netherlands and Switzerland have not shared the same rates of growth of pension assets. In doing so, the paper develops an explanatory model which discriminates between various causes of Anglo-American pension fund capitalism: structural determinants (institutional framework), second-order determinants (post-war conditions), and third-order determinants (contributions). The identified causal logic relies upon Ehring's conception of causality, integrating structure with historical and geographical contingency. Implications are also drawn regarding the significance of Anglo-American pension funds for global capitalism.
Author | : Gordon L. Clark |
Publisher | : |
Total Pages | : 342 |
Release | : 2000 |
Genre | : Pension trusts |
ISBN | : 9780198241300 |
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Pension fund assets are truly astronomical. But little is known about their functions, structures, and modes of decision making. This book fills the gap through a theoretically informed account of Anglo-American pension funds, set in context with current debates about the role of government policy and the roles and responsibilities of pension funds.
Author | : David Harvey |
Publisher | : Oxford University Press, USA |
Total Pages | : 354 |
Release | : 2014 |
Genre | : Business & Economics |
ISBN | : 019936026X |
Download Seventeen Contradictions and the End of Capitalism Book in PDF, ePub and Kindle
David Harvey examines the foundational contradictions of capital, and reveals the fatal contradictions that are now inexorably leading to its end
Author | : Michael A. McCarthy |
Publisher | : Cornell University Press |
Total Pages | : 172 |
Release | : 2017-02-01 |
Genre | : Political Science |
ISBN | : 1501708198 |
Download Dismantling Solidarity Book in PDF, ePub and Kindle
Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than fifty years of American history, Michael A. McCarthy argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth.Pension development has followed three paths of marketization in America since the New Deal, each distinct but converging: occupational pension plans were adopted as an alternative to real increases in Social Security benefits after World War II, private pension assets were then financialized and invested into the stock market, and, since the 1970s, traditional pension plans have come to be replaced with riskier 401(k) retirement plans. Comparing each episode of change, Dismantling Solidarity mounts a forceful challenge to common understandings of America’s private pension system and offers an alternative political economy of the welfare state. McCarthy weaves together a theoretical framework that helps to explain pension marketization with structural mechanisms that push policymakers to intervene to promote capitalist growth and avoid capitalist crises and contingent historical factors that both drive them to intervene in the particular ways they do and shape how their interventions bear on welfare change. By emphasizing the capitalist context in which policymaking occurs, McCarthy turns our attention to the structural factors that drive policy change. Dismantling Solidarity is both theoretically and historically detailed and superbly argued, urging the reader to reconsider how capitalism itself constrains policymaking. It will be of interest to sociologists, political scientists, historians, and those curious about the relationship between capitalism and democracy.
Author | : Leokadia Oręziak |
Publisher | : Routledge |
Total Pages | : 122 |
Release | : 2022-04-10 |
Genre | : Business & Economics |
ISBN | : 1000568539 |
Download Pension Fund Capitalism Book in PDF, ePub and Kindle
This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions. The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system. Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.
Author | : Riccardo Bellofiore |
Publisher | : Edward Elgar Publishing |
Total Pages | : 242 |
Release | : 2014-10-31 |
Genre | : Business & Economics |
ISBN | : 0857938533 |
Download The Great Recession and the Contradictions of Contemporary Capitalism Book in PDF, ePub and Kindle
The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession,
Author | : David Schweickart |
Publisher | : Rowman & Littlefield Publishers |
Total Pages | : 281 |
Release | : 2011-08-16 |
Genre | : Philosophy |
ISBN | : 0742564991 |
Download After Capitalism Book in PDF, ePub and Kindle
Since first published in 2002, After Capitalism has offered students and political activists alike a coherent vision of a viable and desirable alternative to capitalism. David Schweickart calls this system Economic Democracy, a successor-system to capitalism which preserves the efficiency strengths of a market economy while extending democracy to the workplace and to the structures of investment finance. In the second edition, Schweickart recognizes that increased globalization of companies has created greater than ever interdependent economies and the debate about the desirability of entrepreneurship is escalating. The new edition includes a new preface, completely updated data, reorganized chapters, and new sections on the economic instability of capitalism, the current economic crisis, and China. Drawing on both theoretical and empirical research, Schweickart shows how and why this model is efficient, dynamic, and applicable in the world today.