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This was also true of some cities in the Rust Belt such as Detroit [84] and Cleveland, [85] where weak local economies had produced little house price appreciation early in the decade but still saw declining values and increased foreclosures in 2007. As of January 2009 California, Michigan, Ohio and Florida were the states with the highest ...
Strong theological determinism is based on the concept of a creator deity dictating all events in history: "everything that happens has been predestined to happen by an omniscient, omnipotent divinity." [22] Weak theological determinism is based on the concept of divine foreknowledge—"because God's omniscience is perfect, what God knows about ...
Economic determinism is a socioeconomic theory that economic relationships (such as being an owner or capitalist or being a worker or proletarian) are the foundation upon which all other societal and political arrangements in society are based.
In that year Fannie pledged to buy (from private lenders) an additional $2 trillion in low-income and minority loans, and Freddie matched that commitment with its own $2 trillion pledge. Thus, these government sponsored entities pledged to buy, from the private market, a total of $5 trillion in affordable housing loans. [140]
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize (alongside Simon Johnson) for their contribution in comparative studies of prosperity between nations.
Democratic backsliding [a] is a process of regime change toward autocracy in which the exercise of political power becomes more arbitrary and repressive. [7] [8] [9] The process typically restricts the space for public contest and political participation in the process of government selection.
Today we know epilepsy is a disease. By and large, it’s accepted that a person who causes a fatal traffic accident while in the grip of a seizure should not be charged with murder.
Another objection for economic reasons is due to the globalization that is taking place in the world today. In addition to criticism of the widening inequality caused by the elite, the widening inequality among the general public caused by the influx of immigrants and other factors due to globalization is also a target of populist criticism.