Why Enterprise and Government Should Not Be Our Only Options

Gerardo Rivera Ungson and Sixto K. Roxas

Chapter 2 in From Alleviation to Empowerment:Ruminations on Poverty, Capitalism, and Communities, 2026, pp 21-41 from World Scientific Publishing Co. Pte. Ltd.

Abstract: In the aftermath of the 2007–09 Great Recession, considered among the world’s worst economic periods and the longest recession since World War II, economists Carmen Reinhart and Kenneth Rogoff published a book tellingly titled This Time Is Different: Eight Centuries of Financial Folly. With attention still fixated on the financial crisis, the book was timely, relevant, and masterful. This extensive analysis covering 66 countries over more than 800 years illuminates the fundamental causes of financial crises. The book’s title belies the commonplace belief that crises are different. The authors conclude with a trenchant argument that there are more similarities than differences…

Keywords: Poverty; Poverty Alleviation; Poverty Eradication; Inter-generational Poverty; Environmental Degradation; Sustainable Development; Community Empowerment; Social Accounting; Human Settlements; Development Economics; Unsustainable Development; Ecological Sustainability; Capitalism; Free Market; Economic Orthodoxy; Classical Economics: Marx; Radical Economics; Bretton Woods; Sectoral Development; Sectoral Specializations; Neo-liberalism; Enterprise Management; Modern Corporation; Modern Enterprises; Microfinance; Entrepreneurship; Social Enterprises; Capacity Building; Conditional Cash Transfer; Mainstream Growth Theory; Biogenesis; Mechanistic Worldview; Jurgen Habermas; Spectrum of Consciousness; Communitarian Movement; Moral Capitalism; Humane Economy; Enterprise Logic; Communitarian Logic; Ekistics; Enterprise Accounting; Community-based Accounting System; Social Accounting; Valuation (search for similar items in EconPapers)
JEL-codes: I32 O15 O18 Q01 (search for similar items in EconPapers)
Date: 2026
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