In attempting to grasp the more radical and enduring side of the global economic crisis and to assess its impact it may be helpful to look beyond stock market data, company closures and managerial overhauls to what French philosopher Michel Foucault once labeled "bios" or the way people live. This tone and texture of live gives a philosopher viewpoint on a concrete process such a decaying economy some necessary context. Foucault's writing on biopolitics - in essence the impact of political power on all aspects of human life - help make sense of some aspects of the credit crunch. For Foucalt, the author of "Discipline and Punish: The Birth of the Prison", biopolitics reflected the way power could insinuate itself into all microphysical contact, social and physical. Bodies and minds reflected signs of discipline produced by conditioning that political, economic and social power applied to all human behavior. Foucault, who died in 1984, developed his "bios" views in an age dominated by large prisons, insane asylums and giant Ford factories, central pylons of 19th century nationalist architecture.
China's Sovereign Wealth Found, endowed with massive reserves, has already begun a careful pattern of Western investment. Some early efforts flopped, in part because of the global economic crises, but there'sno doubt that Chinese expertise is growing. As its acumen increases, so will its influence.
Despite Western skepticism, it appears China will defy crisis expectations and make good on reviving its GDP. There is also evidence that the Beijing economic stimulus program is working as well or better than expected. The explanation comes in two words: domestic demand.
Beijing's has offered an efficient response to the global economic downturn. Instead of going on the defensive, it has generated major projects that call for structural changes in infrastructure and health care. But economist Mario Deaglio warns over exaggerated expectations.
Economic woes have overhauled the shape, structure and operation of the global banking sector, fundamentally altering the way it does business. Higher capital ratios, de-leveraging, de-risking, efficiency and cost cutting, together with a return to traditional commercial banking operations, are now the name of the Central European game. Which leaves the door open for those willing to take chances.
With sales of €54.5 million, an export quota of 98 percent and 350 employees worldwide, Antonio Zamperla Spa in Altavilla Vicentina is among the world leaders in building merry-go-rounds and amusement park rides. Company chief Alberto Zamperla explains the Zamperla success story.
In 2008, family-run sausage-maker Levoni posted a turnover of €98 million, an export quota of 18 percent, and profits worth more than €4million. In an industry dominated by multinationals, the numbers are impressive. More important is the global prestige slowly and meticulously acquired by the Mantua-based manufacturer. Nicola Levoni, great grandson of the founder Ezekial, known as ‘Zechi,’explains the boom.
The British conservative leader David Cameron once told the BBC that: «Politicians should be saying to themselves, 'how are we going to try and make sure that we don't just make people better off but we make people happier, we make communities more stable, we make society more cohesive.'».
Researchers at the U.S. Gallup Poll agree that national happiness represents a vital indicator in assessing a country's business and political climate. In 2008, it released its first Annual Report on State of the World. Citizens of 144 nations wereasked for their views on individual well-being, personal finances, health, education, security, as well as how they regarded their national institutions. The results produced some unexpected surprises