Abstract

The article analyzes the priorities of “progressive capitalism” by Joseph E. Stiglitz and investigates the main conditions of its formation in Ukraine. The following problems are discussed: the strong influence of narratives of the eastern institutional matrix on the development of national economy and political system; unjustified differentiation of the interests of power, business, science and civil society; neglect of the scientific research and the need for institutional change by public authorities and local self-government bodies; high level of national markets monopolization; a strong link between economic power and political influence; legal nihilism and political apathy of the population. Expediency of implementing additional fifth priority, which foresees the use of innovative models, technologies and instruments for managing the intellect using and intellectualization of the national elite and human resources in general, is justified on the basis of the theoretical frameworks and practical recommendations, which were developed by Ukrainian scientists. Taking into account the results of the formation and development of the Presidential Personnel Reserve “New Elite of the Nation”, the authors have initiated the creation of the Laboratory of Intellectual Development for Empowering Regions (LIDER), which will implement a pilot project for the intellectual resources development in the Western region within the framework of the realization of the Ukrainian-Lithuanian program “Competence Development of Lithuanian and Ukrainian Public Sector Employees Using Design-Thinking Methodology”.

Highlights

  • In a recently published article by Joseph E

  • He believes that success of transition to “progressive capitalism” will largely depend on how strongly decisive reformers will be in tackling the problems of realizing these priorities

  • It is an indisputable fact ascertained by many studies and evaluations, that in Ukrainian society a powerful strata of pseudo-elites has been formed for decades in all possible constituents: oligarchs and their professional environment; politicians and parties, which are dependent on oligarchic structures; corrupted senior executives and personnel of public authorities and local self-government bodies; heads of public and private enterprises, institutions and organizations of all spheres, even public associations and nongovernmental organizations

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Summary

Introduction

In a recently published article by Joseph E. Its priorities are the following: (1) restoring the balance among the market, the state and civil society; (2) scientific inquiry and social organization for the common good; (3) fighting monopolies, when market giants buy up competitors and create barriers to entry; (4) severing the link between economic power and political influence. He believes that success of transition to “progressive capitalism” will largely depend on how strongly decisive reformers will be in tackling the problems of realizing these priorities. Stiglitz: Rethinking the Priorities of Its Formation economic elites to properly form and use the intellectual resources of the socio-economic systems entrusted to them

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