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Academic Paper from the year 2020 in the subject Economics - Other, , language: English, abstract: Free market economy has never been in practice since the perfect competitive market is just an ideal situation. It is the economic creator of classes dividing human beings in different layers. The corporate regime came about with the neoliberal economic theory which is motivated by efficiency and trade liberalization. 'Supermarket revolution' for privileged consumers further constructed the division of farmers and consumers advancing 'new international division of labour'. Their economic power…mehr

Produktbeschreibung
Academic Paper from the year 2020 in the subject Economics - Other, , language: English, abstract: Free market economy has never been in practice since the perfect competitive market is just an ideal situation. It is the economic creator of classes dividing human beings in different layers. The corporate regime came about with the neoliberal economic theory which is motivated by efficiency and trade liberalization. 'Supermarket revolution' for privileged consumers further constructed the division of farmers and consumers advancing 'new international division of labour'. Their economic power turns into the political power. The economic crisis was the result of neoliberal policy. It regenerated neoliberal atrocities and failed to improve human wellbeing at scale. State capitalism emerged as the alternative system: a compromise between competitive capitalism and socialism. However, it has several limitations. The protectionism stimulates left out people for economic growth. Egalitarian society from bottom to top is the basic part of the protective liberalism. It is neither anti-capitalism nor anti-socialism, rather the basic foundation for the transformative democracy.

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Autorenporträt
Dr. Man Bahadur Bishwakarma (BK in short) has completed his postdoc research on food security as a Fulbright Visiting Scholar (2016/17) at Brandeis University, USA. He obtained Ph.D on Social Inclusion in Microfinance in 2012 from Tribhuvan University, Nepal. He did postgraduate diploma in Social Studies from the ISS, Netherlands (2004), MA (Economics) in Rural and Cooperative Development (2000) and MBA (1991) in Financial management from Tribhuvan University, Diploma (1997) in Agro-Cooperative Management from Japan. He has long working experience with various international development agencies such as GiZ, Save the Children, UNICEF, CWS UK, UNDP etc. He has profound experience on conflict, peace and constitution building process as he led the Constitutional Dialogue Centre/UNDP during the Constitutional Assembly-I in Nepal. In 2010, he rejoined the government bureaucracy as a joint secretary and served as the Director General for Labour Department, Chief District Officer in several districts, Secretary for provincial Government of Lumbini and Karnali; and the Principal Secretary for Bagamati province. He took retirement from government Bureaucracy on April 2021. He has been serving as a visiting faculty at Tribhuvan University/Nepal, Kathmandu University/Nepal and Akamai University/USA; and written a dozen of text books for college students and several books on development issues including Social Inclusion in Microfinance, Eradicating Hunger: Rebuilding Food Regime. He is originally from Palpa, Lumbini, Nepal