Industria e Mercati

Industria e Mercati

The 2007/2008 financial crisis has destroyed the illusion of who believes that capitalism would be able to reduce inequality within industrialized country. The optimism of post II World War has been demolished by the economic decadency of middle classes in developed countries. It is undeniable that international living standards have been dramatically improved over time. However, the crucial question is if capitalism - as system of production and social relationships - has been able to redistribute more equally its wealth. If yes, is this process due to specific circumstances or due to capitalism nature?

La proposta di superare l'arbitrarietà dell'aggregazione di indicatori in indici sintetici attraverso la Stochastic Multiobjective Acceptability Analysis (SMAA, Lahdelma et al. 1998; Lahdelma, Salminen, 2001), introdotta su Economia e Politica da Giuliano Resce e da questi...

This paper shows the relation between a composite index of well-being and the lack of trust in the institutions in Italy. The data are taken from the last round of voting for the constitutional referendum in December 2016, and the last version of BES, that is a well-being indicator of ISTAT. From a methodological perspective the composite index of well-being is esteem of Stochastic Multiobjective Acceptability Analysis. The results show a generalized spatial segregation, and a North-South divide that involves all the aspect of life included in the BES, as well as the share people voting ‘yes’ in the 4th December referendum.

In education, too, there are “two Italies”: scholastic performance differs sharply between North and South, which besides reflecting differences in the quality of schools, also depends on the family and social contexts from which children come. The disparity in initial opportunities is reflected in employment prospects and in adult social condition and the inequalities in education increase the economic and social gap. Investment in education therefore reduces inequalities, helping to create more opportunities and greater equity.

Investments in building new renewable energy facilities have greatly increased at the expense of “traditional” investments which overall are falling due to the end of a technological-economic model based on mechanics. They can make up for the fall of capital and construct a paradigm to support growth. However this requires an adequate industrial policy because in Italy “there are no globally recognized technological leaders in the key technologies of the renewables”.

The growth of productivity has a positive influence on aggregate demand and, as suggested by the Kaldor-Verdoorn law, growth of demand has a positive effect on productivity. However, this article shows that in cases of stagnant or recessive aggregate demand, to combat the weakening of the economy, the economic literature suggests intervening with expansionary fiscal policies to increase productivity, investment in infrastructure and R&D expenditure.

Although it has now been made clear that European Union law does not make it compulsory to privatize local public services, Italy continues to follow policies of de-nationalization. This involves removing the management of such services from the public administration and increasingly relying on the market as the only efficient form of management. All Italian legislation in the sector of local public services in recent years has thus tended to constantly hinder public management in favor of outsourcing.