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Milton Friedman hung up the phone in disgruntlement. The most influential economist of the postwar era had just called three different banks, one in Chicago and then two in New York, in order to initiate a financial transaction. He wanted to sell short $300,000 in pound sterling. Short selling is a technique for speculating on falling prices. Initially, speculators can only speculate on rising prices: they buy something and hope that it gains value, so that they can sell it at a profit. If the price for this asset goes down instead, the speculator incurs a loss when he resells it. So in order to profit from falling prices, speculators need to sell first and buy later – which is indeed possible if what is sold now is in fact only to be delivered a few weeks later. If the speculator is right and prices fall in the interim, he can buy cheap just before delivery is due and thus profit from having already sold what, at the time, he had not yet owned.
Marketization is a broad term with a wide range of meanings. It encompasses measures of deregulation and privatization as well as the perceived increase of an ›economic‹ logic in social relationships. For historical purposes, the term should not be narrowly defined, and nor should the concept of marketization be used in an ahistorical manner detached from contemporary usage. However, there are two questions which the historical analysis of marketization needs to address. First, what is the conceptual understanding of the market mechanism to which the term marketization is linked? Second, what is the relationship between marketization and economic theory?
Theory matters. Most historians would probably agree with this postulate, in the sense that theories from disciplines such as sociology, economics or psychology can sharpen historical analyses of any topic (though many of them may prefer quite pragmatic, common-sense approaches in their own empirical studies). But when it comes to a historical understanding of a phenomenon like marketization, theory does remain an analytical resource – and at the same time turns into a multifaceted object of research. The way we think about markets is highly affected by theorists, and not only by their ideas but also by their effectiveness in making them influential over specific periods of time.
Guerrilla Mothers and Distant Doubles: West German Feminists Look at China and Vietnam, 1968–1982
(2015)
Communist China and Vietnam looked like the future to many West German feminists in the years after 1968. This article reconstructs a lost history of influence, identification and emulation, tracing some of the ways that Chinese and Vietnamese communism inspired and attracted West German feminists from the late 1960s to the early 1980s. Beginning in a spirit of socialist universalism, West German feminists drew on reports of the experience of East Asian women who they felt lived in the ›liberated zones‹ of post-revolutionary society. Like the French radicals who declared that ›Vietnam is in our factories‹, West German feminists created a global framework for their activism. Looking east, they borrowed or adopted models of consciousness-raising and direct action from China and Vietnam. This article tracks the arc of exchange, from the enthusiasm of the late 1960s and 1970s to the West German feminist disenchantment with both East Asian communism and the global South by the early 1980s.
In this Issue
(2015)
In 1967, an exhibition opened in East Berlin that proposed, through an overload of images, to unite the histories of the Soviet Union and the GDR, and to confront international photography exhibitions produced in the United States and West Germany. More than the design principles and methods of this show, entitled Vom Glück des Menschen or On the Happiness of People, directly connect it with Edward Steichen’s The Family of Man exhibition, first presented at MoMA in New York in 1953. Its original title was in fact The Socialist Family of Man, and its designers addressed Steichen’s show directly with a scathing critique that echoes the critical discourse in general around The Family of Man. Ultimately, and despite the acknowledged relationship of the exhibition to its Western model, Vom Glück des Menschen also departed from it, crafting a narrative through photographs specifically designed for a socialist society under construction.
Even if Hitler's shrill attacks on Britain could not have been more erroneous or pharisaic, they hint at a dimension of the international history of Nazism and the global 1930s and 1940s that has attracted little attention so far: the regime's attempt to promote its social policy programmes internationally, and the complex and ambivalent history of their reception in various parts of the world.
Eigen-Sinn. This word – commonly rendered in English as "stubbornness" – has since become a key concept in German and even international scholarship for a specific approach referred to collectively as Alltagsgeschichte, the history of everyday life. Eigen-Sinn nowadays is a useful historiographic concept for understanding individual behaviors and actions that impact on the sphere of power and domination: submission and revolt, resistance and dropping-out. How this came about will be explained in this article by Thomas Lindenberger.
Bis Ende 2015 werden 50 Prozent aller Chinesen über einen Internetzugang verfügen. Die Möglichkeiten für eine größer werdende Anzahl von Chinesen, online zu kommunizieren und zu konsumieren, hat eine Reihe von Wissenschaftlerinnen und Wissenschaftlern dazu inspiriert, sich mit Themen wie Zensur, Überwachung und Nutzung von sozialen Medien zu beschäftigen. Ein Großteil dieser Forschung baut auf der Prämisse einer antagonistischen Beziehung zwischen Staat und Gesellschaft auf. Allerdings weiß man bisher nur wenig darüber, welche Auswirkungen die staatlich geförderten und internetbasierten Kommunikationskanäle zwischen Regierungsbeamten und chinesischen Bürgern auf die Transformation der autoritären Einparteienherrschaft in China haben. Der vorliegende Artikel beschäftigt sich mit dieser Frage, indem er Chinas E-Government-Strategie einerseits zu globalen Entwicklungen in Beziehung setzt, andererseits im Kontext der sich verändernden Anreize untersucht, die politische Reformen in China in den vergangenen zwei Jahrzehnten ermöglicht haben. Es wird gezeigt, dass die Bemühungen der chinesischen Einparteienregierung, die Interaktion zwischen Staat und Gesellschaft zu digitalisieren, großes Potenzial dafür birgt, das Wesen des chinesischen Staates zu verändern. Allerdings stellen diese Veränderungen keinen Paradigmenwechsel dahingehend dar, wie China regiert wird. Der wichtigste Aspekt dieser Veränderungen ist, dass sie die Möglichkeit bieten, das oftmals als „Diktatoren-Dilemma“ bezeichnete Problem zu lösen: Menschen in nichtdemokratischen Regierungssystemen haben Angst davor, den Herrschenden gegenüber ihre Meinung auszudrücken, und entziehen so dem Staat eine wichtige Informationsgrundlage. Es wird gezeigt, dass die Entwicklung hochintegrierter E-Government-Plattformen, wie sie sich die Technokraten der Kommunistischen Partei Chinas vorstellen, bestehender institutioneller Logik folgt und dringende Probleme zu lösen vermag. So wird die Chance darauf erhöht, dass diese Plattformen nachhaltig eingeführt werden.
As one of the most viewed films on apartheid South Africa, Sir Richard Attenborough’s Oscar-nominated Cry Freedom helped push the atrocities of the apartheid system to the forefront of public attention. The screenplay was based on South African journalist Donald Woods’ autobiographical books Biko (1978) and Asking for Trouble (1981), which detail Woods’ relationship with Biko and the court trial following Biko’s death in police custody.