By ANAYAT SEKHON, New Delhi, India
Crony capitalism is a phenomenon wherein the government colludes with market players and intervenes in an economy in their favour, by doling out grants, tax breaks, subsidies and other sops. This manipulation of market forces results in an “uneven playing ﬁeld”, reducing competition and stiﬂing innovation, in contravention to the guiding principles of free market capitalism wherein economic gains are solely merit-based. While market interventionism and monopolisation has been a characteristic feature of socialistic welfare states, capitalist economies are by no means bereft of oligopolies due to a myriad of factors—some are natural, such as the economies of scale—while others include weak or absent anti-trust legislation, regulatory capture and crony capitalism itself.
By RAPHAEL MORALLO, Manila, Philippines
As a highly valued literary work of William Shakespeare, Hamlet has been a focus of many literary analyses that reveal the underlying messages that the text has that may shed light on the creative genius behind the writer, the significance of such pieces of literature in the age that they were written, and its effect on potential readers today. One possible link between the modern age and the Shakespearean classic is how the portrayal of psychologically troubled individuals in the story represents and foreshadows how the obsession over consumerist ideas leads to mental instability. This is shown through the various psychological aspects of the characters that, in turn, contribute to character and plot development as well as the central theme of the play. At the same time, these aspects may be linked to similar conditions that may be seen in today’s consumerist-driven society since the circumstances that affect both the play and modern society may have close similarities. Displaying how consumerism may be found within the internal and external conflict points of the characters creates a comparison that allows Hamlet to continue its recognition as an exemplary piece of English literature.
Delaware Detox: Lessons From Our Past and Nonpoint Source Pollution in the Delaware River Basin Today
By MICHAEL CHENG, USA
Finalist, 2016 MIT INSPIRE Competition in the Arts, Humanities, and Social Sciences (History Category)
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