scholarly journals We – today’s and tomorrow’s – people of the united world: rethinking capitalism for intergenerational justice in the fin-de-millénaire

2017 ◽  
Vol 1 (2) ◽  
pp. 30-35 ◽  
Author(s):  
Julia M. Puaschunder

Globalization leveraged pressure on contemporary society. Today’s most pressing social dilemmas regarding climate change, overindebtedness and aging Western world populations demand rethinking capitalism. Understanding the bounds of capitalism to avoid ethical downfalls beyond the control of singular nation states infringing on intergenerational equity – the fairness to provide an at least as favorable standard of living to future generations as enjoyed today – has become a blatant demand. This article captures the human natural drive towards intergenerational fairness in order to retrieve information on how to implement intergenerational justice. Based on the idea of intergenerational equity as a natural behavioral law, the following paper theoretically outlines the current societal demand for eternal equity and proposes intergenerational justice theories. Intertemporal connectedness and interaction of overlapping generations enables intergenerational benefits transfers and burden sharing. Social mobility within networks comprised of different generations is enhanced through social upward movement opportunities. In addition, meritocracy helps alleviate intergenerational inequality. Describing intergenerational care as something natural that has been practiced ever since helps spearhead interdisciplinary endeavours to solve contemporary predicaments between overlapping generations. Exploring intergenerational opportunities is targeted at innovatively guiding the implementation of justice over time and between generations. Strengthening financial social responsibility, social welfare and environmental protection through future-oriented and socially responsible economic market approaches of capitalism in the 21st century is aimed at alleviating predictable economic, social and environmental crises to ensure a future sustainable humankind for this generation and the following.

2015 ◽  
Vol 20 (4) ◽  
pp. 985-1021 ◽  
Author(s):  
Torben M. Andersen ◽  
Marias H. Gestsson

Challenges raised by aging (increasing longevity) have prompted policy debates featuring policy proposals justified by reference to some notion of intergenerational equity. However, very different policies ranging from presavings to indexation of retirement ages have been justified in this way. We develop an overlapping-generations model in continuous time that encompasses different generations with different mortality rates and thus longevity. Allowing for trend increases in both longevity and productivity, we address the normative issue of intergenerational equity under a utilitarian criterion when future generations are better off in terms of both material and nonmaterial well-being. Increases in productivity and longevity are shown to have very different implications for intergenerational distribution. Further, the socially optimal retirement age, dependency ratio, and intergenerational burden sharing in the case of a trend increase in longevity are shown to depend on how individuals' utility for time/leisure is affected by age and longevity.


Author(s):  
Muhammad Ikram ul Haq ◽  
Dr. Aqeel Ahmed

The concept of nation state presented by the West at its core is the idea of humanism. In which man was given a central position and freed from the concept of God. Denied everything that was not observed. Therefore, man expelled religion in all matters of life. The logical consequence of which was that the head of human unity was scattered. The slogan of nationalism was used to unite man in the struggle for unity. Which eventually manifested itself in the formation of nation-states the western colonial powers ruled the world in the form of the United Nations change the way of life in the Western World and especially in Muslim society. Which has a profound effect on the Islamic system of government. Islam envisioned divine sovereignty in the system of government. Today the Muslim rulers have forgotten it, and the Western system considered its survival in democracy. The article explains what the core concern of the nation state and Islamic Government is and whether it is based on its own ideas in modern times has been considered.


2016 ◽  
Vol 2 (1) ◽  
pp. 113-123 ◽  
Author(s):  
Julia Puaschunder

Purpose Global systemic risks of climate change, overindebtedness in the aftermath of the 2008/2009 World Financial Crisis and the need for pension reform in the wake of an aging western world population, currently raise attention for intergenerational fairness. Pressing social dilemmas beyond the control of singular nation states call for corporate social activities to back governmental regulation in crisis mitigation. The purpose of this paper is to promote the idea of intergenerational equity in the corporate world. Design/methodology/approach Theoretical description. Findings In the given literature on global responsible leadership in the corporate sector and contemporary corporate social responsibility (CSR) models, intergenerational equity appears to have been neglected. While the notion of sustainability has been integrated in CSR models, intergenerational equity has hardly been touched on as for being a more legal case for codifying the triple bottom line. Practical implications Advocating for integrating intergenerational equity concerns in CSR models in academia and practice holds untapped advantages of economically influential corporate entities, corporate adaptability and independence from voting cycles. Social implications Integrating a temporal dimension in contemporary CSR helps imbuing a longer-term perspective into the corporate world alongside advancing tax ethics and global governance crises prevention. Originality/value Future research avenues comprise of investigating situational factors influencing intergenerational leadership in the international arena in order to advance the idea of corporations tackling the most pressing contemporary challenges of mankind.


2017 ◽  
pp. 265-278 ◽  
Author(s):  
Julia Puaschunder

Global systemic risks of climate change, over-indebtedness in the aftermath of the 2008/09 World Financial Crisis and the need for pension reform in the wake of an aging Western world population, currently raise attention for inter-generational fairness. Pressing social dilemmas beyond the control of singular nation states call for corporate social activities to back governmental regulation in crisis mitigation. The following chapter therefore promotes the idea of inter-generational equity in the corporate world to find an inclusive solution comprised by the public and private sectors. In the given literature on global responsible leadership in the corporate sector and contemporary Corporate Social Responsibility (CSR) models, inter-generational equity appears to have been neglected. While the notion of sustainability has been integrated in CSR models, inter-generational equity has hardly been touched on as for being a more legal case for codifying the triple bottom line. Advocating for integrating inter-generational equity concerns in CSR models in academia and practice holds untapped advantages of economically influential corporate entities, corporate adaptability and independence from voting cycles. Integrating a temporal dimension in contemporary CSR helps imbuing a longer-term perspective into the corporate world alongside advancing tax ethics and global governance crises prevention. Practical implications for the financing of an inter-generational harmonious solution on climate change burden sharing are proposed. Future research avenues comprise of investigating situational factors influencing inter-generational leadership in the international arena in order to advance the idea of corporations tackling the most pressing contemporary challenges of mankind.


Author(s):  
Ian Oas

As the head of Latvia’s minute military, Colonel Raimanos Graube, notes, the ascension of the Latvian state into NATO is part of a much larger process than military security alone: “This means we are moving to our goal, which is to be a firm and permanent part of the West.” Though such a viewpoint is common among the populaces of ascending member states, it helps raise numerous questions as to several inherent contradictions in the reasoning behind NATO expansion. To begin with, why are numerous states that just over ten years ago regained their sovereign independence from the Soviet empire so suddenly willing to join a new, hegemonic-backed Western empire? Furthermore, what are the true reasons that underlie NATO members’ interest in expanding their military alliance into nation-states with military forces comprised of only 5,500 members (e.g., Latvia)? There is more at play in NATO expansion than simple geopolitical security as defined by the international relations (IR) field. Indeed, it will be argued that above and beyond security for central Europe, contemporary NATO expansion is a moment in the cycle of the U.S. rise to world power. Moreover, it will be illustrated that ascension of central and Eastern European states into NATO may represent the final surrender of the socialist modernity as global competitor to the West. In this historical battlefield between Eastern and Western modernities, the socialist modernity that dominated during much of the region’s twentieth-century history is now reviled by these civil societies and viewed as the antithesis of modernity. In the meantime, the Western lifestyle of mass consumption and suburbanism, as well as other dominant core processes from Western Europe in general, raised the flag of market capitalism and democratic institutions in these states and filled the power vacuum just as quickly as the Soviet red stars came down. In this way, NATO is becoming increasingly synonymous with a “zone of peace” wherein all members ascribe to democracy, free trade, and interdependent relations. By joining NATO, new member states are making a political effort to shed the yoke of the failed Soviet modernity and join the hegemonic-led “Western” world (i.e., become “part of Europe”).


Author(s):  
Donn James Tilson

Modern nation-states have become culturally diverse owing in part to changes in immigration law, globalization, and increased ease of transportation presenting both opportunities and challenges, particularly where religious diversity is concerned. The author proposes a conceptual framework that embraces an interpretation of public relations as a social function (Tilson, 2009a), a covenantal model as a theoretical ground (Koehn, 1994; cited in Baker, 2002), and expanded communicative conceptual parameters that include religion in definitions of diversity. Using telephone and e-mail interviews and textual analysis of media to obtain data on religious diversity and public relations practices in the U.S., a review of initiatives suggests that communicators are fostering tolerance and resolving religious conflict through dialogue in keeping with conceptual models that emphasize the social responsibility of the profession. The study also underscores that socially responsible behavior often has a foundation of faith and that the intersection of faith and institutional practice merits a closer look.


2021 ◽  
Author(s):  
Marek Kwiek

National science systems have become embedded in global science and countries do everything they can to harness global knowledge to national economic needs. However, accessing and using the riches of global knowledge can occur only through scientists. Consequently, the research power of nations relies on the research power of individual scientists. Their capacity to collaborate internationally and to tap into the global networked science is key. The constantly evolving, bottom-up, autonomous, self-regulating, and self-focused nature of global science requires deeper understanding; and the best way to understand its dynamics is to understand what drives academic scientists in their work. We are particularly interested in the contrast between global science as a largely privately governed and normatively self-regulating institution and global science as a contributor to global collective public goods. The idea that science remains a state-driven rather than curiosity-driven is difficult to sustain. In empirical terms, we describe the globalization of science using selected publication, collaboration, and citation data from 2000-2020. The globalization of science implies two different processes in two different system types: the growth of science in the Western world is almost entirely attributable to internationally co-authored publications; its growth in the developing world, in contrast, is driven by both internationally co-authored and domestic publications. Global network science opens incredible opportunities to new arrivals—countries as well as institutions and research teams. The global system is embedded in the rules created by scientists themselves and maintained as a self-organizing system and nation-states have another major level to consider in their science policies: the global level. Globalization of science provides more agency, autonomy, collegiality, and self-regulation to scientists embedded in national science structures and involved in global networks.


Author(s):  
Julia Puaschunder

Global systemic risks of climate change, over-indebtedness in the aftermath of the 2008/09 World Financial Crisis and the need for pension reform in the wake of an aging Western world population, currently raise attention for inter-generational fairness. Pressing social dilemmas beyond the control of singular nation states call for corporate social activities to back governmental regulation in crisis mitigation. The following chapter therefore promotes the idea of inter-generational equity in the corporate world to find an inclusive solution comprised by the public and private sectors. In the given literature on global responsible leadership in the corporate sector and contemporary Corporate Social Responsibility (CSR) models, inter-generational equity appears to have been neglected. While the notion of sustainability has been integrated in CSR models, inter-generational equity has hardly been touched on as for being a more legal case for codifying the triple bottom line. Advocating for integrating inter-generational equity concerns in CSR models in academia and practice holds untapped advantages of economically influential corporate entities, corporate adaptability and independence from voting cycles. Integrating a temporal dimension in contemporary CSR helps imbuing a longer-term perspective into the corporate world alongside advancing tax ethics and global governance crises prevention. Practical implications for the financing of an inter-generational harmonious solution on climate change burden sharing are proposed. Future research avenues comprise of investigating situational factors influencing inter-generational leadership in the international arena in order to advance the idea of corporations tackling the most pressing contemporary challenges of mankind.


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