NBN Book of the Day - Meg Rithmire, “Precarious Ties: Business and the State in Authoritarian Asia” (Oxford UP, 2023)
Developing Asia has been the site of some of the last century's fastest growing economies as well as some of the world's most durable authoritarian regimes. Many accounts of rapid growth alongside monopolies on political power have focused on crony relationships between the state and business. But these relationships have not always been smooth, as anti-corruption campaigns, financial and banking crises, and dramatic bouts of liberalization and crackdown demonstrate. Why do partnerships between political and business elites fall apart over time? And why do some partnerships produce stable growth and others produce crisis or stagnation?
In Precarious Ties: Business and the State in Authoritarian Asia (Oxford UP, 2023) (Oxford, 2023), Meg Rithmire offers a novel account of the relationships between business and political elites in three authoritarian regimes in developing Asia: Indonesia under Suharto's New Order, Malaysia under the Barisan Nasional, and China under the Chinese Communist Party. All three regimes enjoyed periods of high growth and supposed alliances between autocrats and capitalists. Over time, however, the relationships between capitalists and political elites changed, and economic outcomes diverged. While state-business ties in Indonesia and China created dangerous dynamics like capital flight, fraud, and financial crisis, Malaysia's state-business ties contributed to economic stagnation.
To understand these developments, Rithmire, a professor at Harvard Business School, presents two conceptual models of state-business relations that explain their genesis and why variation occurs over time. She shows that mutual alignment occurs when an authoritarian regime organizes its institutions, or even its informal practices, to induce capitalists to invest in growth and development. Mutual endangerment, on the other hand, obtains when economic and political elites are entangled in corrupt dealings and invested in perpetuating each other's dominance. The loss of power on one side would bring about the demise of the other. Rithmire contends that the main factors explaining why one pattern dominates over the other are trust between business and political elites, determined during regime formation, and the dynamics of financial liberalization. Empirically rich and sweeping in scope, Precarious Ties offers lessons for all nations in which the state and the private sector are deeply entwined.
Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco. His research examines the political economy of governance and development in China.
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Everything Everywhere Daily - Box Office Bombs
People in the entertainment industry often say that show business is “show business.”
As much as motion pictures are an art form, it is also a business. In many cases, a very big business.
Motion picture studios will often invest hundreds of millions of dollars into a film expecting to see a return on their investment.
Most of the time, a film will break even. However, in a few spectacular cases, a disastrous film has ruined a studio.
Learn more about box office bombs and some of the worst-performing movies in history on this episode of Everything Everywhere Daily.
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What A Day - Why You’re Paying for a Billionaire’s Stadium
2024 is on track to be the biggest year for public stadium subsidies we’ve ever seen. Billionaire team owners keep asking for—and receiving—more exorbitant arenas and upgrades from local governments. But who’s footing the bill? The taxpayers! Even though most economists say the returns from these facilities never live up to the hype, city officials continue to court teams and kowtow to their demands. Why do teams like the Raiders, Orioles and Penguins have local governments in such an expensive chokehold? What does a stadium actually do for a community? What happens when voters have a say? Erin and Tre’vell break down how we got here, and explain why getting a new stadium in your neighborhood is no slam dunk.
The NewsWorthy - Special Edition: Debate Breakdown – Policy Wins, ‘Eating the Cats’ & Was it Fair?
We're going beyond the initial headlines and polls to break down the good, bad, and ugly from Tuesday night's high-stakes presidential debate (and whether it'll actually matter in November).
You'll hear analysis from guests on both sides of the aisle:
First, Beth Silvers and Sarah Stewart Holland from the Pantsuit Politics podcast offer insights and perspective from the Democrats' side.
Then, Republican strategist and senior CNN political commentator Scott Jennings gives his analysis.
Join us again for our 10-minute daily news roundups every Mon-Fri!
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Amicus With Dahlia Lithwick | Law, justice, and the courts - Why Ron DeSantis Hates Direct Democracy
Republicans from Ohio to Arkansas, from South Dakota to Florida and from Nebraska to Missouri have been throwing everything at trying to keep abortion ballot measures from actually reaching voters. In this week’s Amicus - a deep look at efforts to stifle and chill direct democracy in the states, post Dobbs. Dahlia Lithwick is joined by Jessica Valenti, the author of Abortion: Our Bodies, Their Lies, and the Truths We Use to Win, and Lauren Brenzel, the campaign director for Yes on 4 in Florida, about the playbook that’s being used to threaten ballot initiatives to protect abortion rights in states around the nation.
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Cato Daily Podcast - Oprah Joins the AI Conversation
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CBS News Roundup - 09/14/24 | Weekend Roundup
On the "CBS News Weekend Roundup", anchor Stacy Lyn has the recap of the presidential debate with correspondent Jarred Hill. CBS's Kris Van Cleave brings us the latest on the Boeing workers' strike. And on this week's Kaleidoscope, a look at the 988 Lifeline during Suicide Prevention Month.
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More or Less: Behind the Stats - Nate Silver: Do risk-takers run the world?
Big stakes poker player and elections analyst Nate Silver is no stranger to a calculated risk.
In his new book, On The Edge, he makes the case that people willing to take massive calculated risks are winning in the modern economy.
Tim Harford talks to Nate about the mindset that?s driving hedge fund managers, crypto true-believers and silicon valley investors.
Presenter: Tim Harford Producer: Beth Ashmead Latham Series producer: Tom Colls Production co-ordinator: Katie Morrison Sound mix: Nigel Appleton Editor: Richard Vadon
It Could Happen Here - It Could Happen Here Weekly 147
All of this week's episodes of It Could Happen Here put together in one large file.
- How to Stop the Far Right in Three Easy Steps
- What’s The Matter With Texas? feat. Steven Monacelli & Dr. Michael Phillips
- Inside the Russian Government's Big YouTube Scam
- Harris V. Trump: The Thriller in Wherever They Filmed This Debate
- What Happens When Temperatures Soar at the Border?
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