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In the article "Capitalism Will Eat Democracy-Unless We Speak Up," written by Yanis Varoufakis, former Minister of Finance in Greece, delivered a speech for the TED series. In that speech, Varoufakis questions the way world economics and capitalism have impacted societies around the world. Varoufakis also refers to the political impact.
In the speech, Varoufakis explains the connection that exists between politics and the economy and the way these affect democracy in different countries.
He refers to the fact that although many private companies have invested in new industrial plants and factories, more than a quarter of individuals from 25 to 54 years old in Europe, Japan, and the United States, do not have a formal job.
That is why this Greek economist questions Capitalism, He thinks that "this idle cash" has to be used to increase the education and talent of the people and to "finance technologies that help the planet."
Nativism during the 1800s was the fear of Chinese and Irish immigrants.
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The Act was one of the most controversial elements of the 1850 compromise and heightened Northern fears of a "slave power conspiracy." It required that all escaped slaves, upon capture, be returned to their masters and that officials and citizens of free states had to cooperate.
- Long title: An Act to amend, and supplementary ...
- Enacted by: the 31st United States Congress
- Statutes at Large: 9 Stat. 462
Passed on September 18, 1850 by Congress, The Fugitive Slave Act of 1850 was part of the Compromise of 1850. The act required that slaves be returned to their owners, even if they were in a free state. The act also made the federal government responsible for finding, returning, and trying escaped slaves.
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The modern era came about in the French revolution
