Many of the games in circulation today are more than a century old. Monopoly and Pitt taught economics while Chutes and Ladders focused on morality.
The idea of “social capital”, is where the use of social networks helps people achieve goals that would otherwise not be possible or would come at a higher cost.
Modern societies are usually defined as relatively unreligious, dominated by money and power rather than belief in gods. This idea marks them out as modern when compared to traditional societies as well as highlighting the many issues of modernity including capitalism, growth, overproduction and climate change.
Profit is the bedrock of capitalism. The space rhetoric of the super-rich betrays a mentality that may once have served humanity well. Some would say it’s a quintessential feature of capitalism. Innovation upon innovation.
Globalization doesn’t just entail the movement of manufactured goods, but also the transfer of intermediate, capital goods and technologies. That means multinational corporations with clean state-of-the-art technologies can transfer their green know-how to countries with low environmental standards.
Unlike wages, capital gains are harder to calculate – and harder to tax. But while some assets such as stocks and mutual funds are bought and sold often and so their market price is well known, others like real estate or fine art don’t change hands that often. That means it’s harder to know their value.
Putting to use its economic, political and symbolic capital in global affairs, China has developed diplomatic thinking and practice that’s not just concerned with short-term economic benefit. Rather, it has focused on the long-term impact of its actions on both the outlook of the world system and the country’s position in it.
A company that defects have the ability to make more profit than a company that cooperates, as it invests some of those profits back into the community. Moreover, the company that defects may also benefit as the disposable income that is generated may be spent on the products/services that the company is involved with.
The dual objectives of corporate venture capital programs – strategic and financial – offer more structuring options than are needed for independent venture firms. The corporate venture capital model is still developing and less mature than the internal venture capital model.