Financial investments like stocks can realign people’s incentives to have peaceful societies: Saumitra Jha https://economictimes.indiatimes.com/news/et-evoke/financial-investments-like-stocks-can-realign-peoples-incentives-to-have-peaceful-societies-saumitra-jha/articleshow/91524821.cms Financial ideas can align parties that might otherwise believe violence is the only option — these incentives help people believe they can benefit from peace, a realisation which comes from exposure to markets that draw from stability.
There are strong historical precedents to this. Japan was very socially divided and politically fragmented in the 1860s, which isn’t how we think of it today.
There are strong historical precedents to this. Japan was very socially divided and politically fragmented in the 1860s, which isn’t how we think of it today.
In a study in Israel: We randomly gave a number of Israeli citizens the chance to trade small amounts of stock, just enough to keep them interested, for about 47 weeks. Some people were randomly assigned Israeli stocks, some were randomly given Palestinian stocks...As these groups became more financially literate, they began to reassess the gains and costs of diverse policies — they started assessing policies from the perspective of the broader economy rather than from an emotive perspective. And this began to reflect in their voting decisions — they started to support parties which backed the peace process .
Comment: Any Studies in Cooperative economies?