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Liberalism

Weekly Wire: The Global Forum

Roxanne Bauer's picture
These are some of the views and reports relevant to our readers that caught our attention this week.
 

Thanks to Urbanization, Tomorrow's Megalopolises Will Be in Africa and Asia
Foreign Policy
Tokyo will still be the world’s largest city in 2030, but it will have many more contenders on its heels. According to a fascinating new report from the United Nations, the globe will have 41 “mega-cities” -- defined as those with 10 million or more inhabitants -- up from 28 now. Although the world’s largest urban centers have historically been concentrated in the developed world, fast-paced urbanization in Africa and Asia means that the megalopolises of tomorrow will be found in the developing world. By 2030, Asia and Africa will host nine of the world’s 10 largest cities, according to the report.

Mobilizing Private Investment for Post-2015 Sustainable Development
Brookings
The sustainable development goals are likely to have a more ambitious scope than the Millennium Development Goals. Accordingly, they will need a more ambitious financing for development strategy that can mobilize much more public, private, and “blended” finance.  Very rough estimates indicate that at least $1 trillion of additional annual investment is required in developing and emerging economies.  At first glance this might appear to be a large number, but it represents only approximately 10 percent of extra investment above current levels. It is clear that official development assistance, on its own, would be incapable of meeting financing needs, even if the target to provide 0.7 percent of gross national income were to be achieved by all developed countries. But official development assistance (ODA) could, through leverage and catalytic support, help mobilize substantially more private capital. 
 

The Fourth Revolution: The Global Race to Reinvent the State

Sina Odugbemi's picture

Can liberal constitutional democracy run the state in a manner that is both responsive and accountable to citizens without succumbing to incurable elephantiasis precisely because it is democratic? Does democratic governance inevitably lead to government as an ‘all-you-can eat- buffet’ (allegedly per Lee Kuan Yew of Singapore), and, therefore, bloat, fiscal crises and collapse? These crucial questions are taken on in an important new book by two of the leading minds around the Economist Magazine: John Micklethwait is the Editor of the Magazine, and Adrian Wooldridge is the management editor, who also writes the Schumpeter column. The book is: The Fourth Revolution: The Global Race to Reinvent the State.

The authors argue that there have been three and half revolutions in governance in the West, and each one is linked to an emblematic political thinker/economist. The first revolution was the rise of the nation-state, and the paradigmatic thinker is Thomas Hobbes, author of Leviathan. The second revolution was the rise of the ‘liberal state’, and the focus thinker here is John Stuart Mill. (Objection from a Bentham scholar: the authors do not do justice to the role of Jeremy Bentham).  The third revolution was the rise of the welfare state, and the authors discuss the ideas and efforts of Beatrice Webb.  According to the authors, these first three revolutions in governance were completely successful. The fourth revolution, the effort to roll back the bloated welfare state – the focus here is the economic thought of Milton Friedman – was only partially successful. The authors argue, I believe, that this revolution needs to be completed.
 

In Praise of ‘Wishy-Washy’ Liberalism

Sina Odugbemi's picture

Political liberals – and there is a growing band of them around the world – very often get on your nerves. And it makes them so very easy to mock.

For instance, liberals find it very difficult to handle the problem or the reality of evil. When they see evil in action they have to find some sociological explanation for it. For instance, if you are watching a movie or a television story put together by liberals, you will notice that every evil character has either been abused as a child or has endured poverty.  And you wonder, what about all those who went through those unfortunate experiences and still turned out to be upstanding members of society?

Liberals also have difficulties coming to terms with the reality of violence and propensities to violence. Confronted with violence they are often perplexed. They wonder aloud: Why can’t we all simply get along? Someone punches a liberal in the nose and he asks: ‘You seem upset about something; do you want to talk about it?’

I exaggerate for effect but you can see why you have the popular caricature of the arugula eating, latte drinking, hybrid-car-driving liberal…a somewhat effete and ludicrous character.