Democracy in Question? is brought to you by:• Central European University: CEU• The Albert Hirschman Centre on Democracy in Geneva: AHCD• The Podcast Company: scopeaudio Follow us on social media!• Central European University: @CEU• Albert Hirschman Centre on Democracy in Geneva: @AHDCentre Subscribe to the show. If you enjoyed what you listened to, you can support us by leaving a review and sharing our podcast in your networks!  Glossary Capital gains taxation(17:00 or p.4 in the transcript)The capital gains tax is the levy on the profit that an investor makes when an investment is sold. It is owed for the tax year during which the investment is sold. The long-term capital gains tax rates for the 2022 and 2023 tax years [in the US] are 0%, 15%, or 20% of the profit, depending on the income of the filer. The income brackets are adjusted annually. An investor will owe long-term capital gains tax on the profits of any investment owned for at least one year. If the investor owns the investment for one year or less, short-term capital gains tax applies. The short-term rate is determined by the taxpayer's ordinary income bracket. For all but the highest-paid taxpayers, that is a higher tax rate than the capital gains rate. When stock shares or any other taxable investment assets are sold, the capital gains, or profits, are referred to as having been realized. The tax doesn't apply to unsold investments or unrealized capital gains. Stock shares will not incur taxes until they are sold, no matter how long the shares are held or how much they increase in value. source Tax havens(17:07 or p.4 in the transcript)A tax haven is a country that offers foreign businesses and individuals minimal or no tax liability for their bank deposits in a politically and economically stable environment. They have tax advantages for corporations and for the very wealthy, and obvious potential for misuse in illegal tax avoidance schemes. Companies and wealthy individuals may use tax havens legally as a means of stashing money earned abroad while avoiding higher taxes in the U.S. and other nations. Tax havens may also be used illegally to hide money from tax authorities at home. The tax haven can make this work by being uncooperative with foreign tax authorities. In recent times, tax havens are under increasing international political pressure to cooperate with foreign tax fraud inquiries. Broadly speaking, tax havens are jurisdictions that have very low taxes and no residency requirements for foreign entities and individuals willing to park money in their financial institutions. A combination of lax regulation and secrecy laws enable corporations and individuals to screen some of their income from tax authorities in other nations. The Tax Justice Network maintains a Corporate Tax Haven Index that tracks the jurisdictions that it says are "most complicit" in helping multinational corporations evade taxes. As of 2021, the worst offenders were the British Virgin Islands, the Cayman Islands, and Bermuda. Tax havens may be found in another country or merely in a separate jurisdiction. source Trickle-down economics(21:19 or p.5 in the transcript)Trickle-down economics and its policies employ the theory that tax breaks and benefits for corporations and the wealthy will trickle down and eventually benefit everyone. Tools like reduced income tax and capital gains tax breaks are offered to large businesses, investors, and entrepreneurs to stimulate economic growth. The trickle-down theory states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else. Trickle-down economics involves less regulation and tax cuts for those in high-income tax brackets as well as corporations. While there is no single comprehensive economic policy identified as trickle-down economics, a policy is considered “trickle-down” if it disproportionately benefits wealthy businesses and individuals in the short run but is designed to boost standards of living for all individuals in the long run. Both President Herbert Hoover’s stimulus efforts during the Great Depression and President Ronald Reagan's use of income tax cuts were described as "trickle-down." Critics argue that the added benefits the wealthy receive can distort the economic structure as lower-income earners without an equal tax cut adds to income inequality. Many economists counter that cutting taxes for the poor and working families boosts the economy by increasing spending on goods and services whereas a tax cut for a corporation may go to stock buybacks or increased savings for the wealthy. In December 2020, a London School of Economics report by David Hope and Julian Limberg was released which examined five decades of tax cuts in 18 wealthy nations and found they consistently benefited the wealthy but had no meaningful effect on unemployment or economic growth. source 

Democracy in Question? is brought to you by:• Central European University: CEU• The Albert Hirschman Centre on Democracy in Geneva: AHCD• The Podcast Company: scopeaudio Follow us on social media!• Central European University: @CEU• Albert Hirschman Centre on Democracy in Geneva: @AHDCentre Subscribe to the show. If you enjoyed what you listened to, you can support us by leaving a review and sharing our podcast in your networks!  Glossary Green transition(16:37 or p.5 in the transcript)The green transition means a shift towards economically sustainable growth and an economy that is not based on fossil fuels and overconsumption of natural resources. A sustainable economy relies on low-carbon solutions that promote the circular economy and biodiversity.For companies, the manufacturing industry and municipalities, the green transition can mean investments in clean energy production, circular economy solutions and hydrogen technology, and the introduction of different kinds of new services and operating models. Low-carbon roadmaps and sustainability strategies drawn up by different sectors are an important part of this package. What the green transition means in daily lives includes, for example, phasing out fossil oil heating and shifting to electric cars. For the society as a whole, it can mean different kinds of incentives and subsidies for these and legislation that supports the green transition. The green transition also means questioning individual consumer habits and ways of thinking, e.g., using machines and appliances that consume less electricity or being ready to pay more for products manufactured that cause less emissions.source 

Democracy in Question? is brought to you by:• Central European University: CEU• The Albert Hirschman Centre on Democracy in Geneva: AHCD• The Podcast Company: scopeaudio Follow us on social media!• Central European University: @CEU• Albert Hirschman Centre on Democracy in Geneva: @AHDCentre Subscribe to the show. If you enjoyed what you listened to, you can support us by leaving a review and sharing our podcast in your networks!  Glossary USAID(19:20 or p.4 in the transcript)The United States Agency for International Development (USAID) was developed in 1961 by President John F. Kennedy. He created the agency after signing an executive order to advance American interests abroad through development efforts and humanitarian aid. With the global economy still relatively fragile less than two decades after the end of World War II, it was essential for the U.S.'s own prosperity to promote growth in developing countries and to help nations maintain their independence and freedom.USAID works in more than 100 developing countries spanning the globe in areas such as sub-Saharan Africa, Asia, the Middle East, Latin America, the Caribbean, Europe, and Eurasia. The agency, which has field offices in the areas noted above, is headquartered in Washington, D.C., with organizational units that are called bureaus. Those working in each unit are responsible for programs and activities in a specific country.The agency's mission and objectives remain the same today. USAID's mission is to boost democratic values across the world, helping nations become self-reliant as they progress in their own development. While promoting development and reducing poverty are among its aims, it also promotes democratic governance in recipient nations, and helps counteract the drivers of violence, instability, transnational crime, and other security threats. source Truth Commission or Truth and Reconciliation Commission(31:52 or p.7 in the transcript)In 1980 the Shining Path, a Maoist opposition group, began an uprising against the Peruvian military dictatorship to protest pervasive social and economic inequalities. In 1982, the TúpacAmaru Revolutionary Movement began fighting against the military as well and also engaged in an internal conflict with the Shining Path. The war disproportionately affected the remote Ayacucho Region where forty percent of an estimated 70,000 deaths and disappearances occurred. Activity of the Shining Path significantly diminished after their leader Abimael Guzmán and other key members were captured in 1992. The government's engagement in the conflict ended after President Alberto Fujimori was forced from office in November 2000. In December 2000, the caretaker government of Valentin Paniagua approved the establishment of a truth commission, which was inaugurated on July 13, 2001, and began its work after President-elect Alejandro Toledo took office later that month.Interim president Paniagua decided to establish the Commission with the approving vote of his Cabinet. Supreme Resolution from February 27, 2001 proposed the creation of a truth commission and established a working group to design its mandate. The commission was set up by a decree.Its mandate was to investigate assassinations, torture, disappearances, displacement, employment of terrorist methods and other violations attributable to the State, the Shining Path and the Túpac Amaru Revolutionary Movement between May 1980 and November 2000 during the administrations of former Presidents Fernando Belaunde (1980 - 1985), Alan Garcia (1985 - 1990) and Alberto Fujimori (1990 - 2000).The TRC was comprised of twelve Peruvian commissioners, ten men and two women, chaired by Salomón Lerner Febres. The President appointed the members of the commission with the approval of the Council of Ministers. The commission opened five regional offices to carry out its work. On August 28, 2003, the commission released its 8,000-page final report to then President Alejandro Toledo and to other members of the government. source 

Democracy in Question? is brought to you by:• Central European University: CEU• The Albert Hirschman Centre on Democracy in Geneva: AHCD• The Podcast Company: scopeaudio Follow us on social media!• Central European University: @CEU• Albert Hirschman Centre on Democracy in Geneva: @AHDCentre Subscribe to the show. If you enjoyed what you listened to, you can support us by leaving a review and sharing our podcast in your networks! GlossaryGerrymandering(14:00 or p.4 in the transcript)In U.S. politics, gerrymandering is the practice of drawing the boundaries of electoral districts in a way that gives one political party an unfair advantage over its rivals (political or partisan gerrymandering) or that dilutes the voting power of members of ethnic or linguistic minority groups (racial gerrymandering). The term is derived from the name of Gov. Elbridge Gerry of Massachusetts, whose administration enacted a law in 1812 defining new state senatorial districts. The law consolidated the Federalist Party vote in a few districts and thus gave disproportionate representation to Democratic-Republicans. The outline of one of these districts was thought to resemble a salamander. A satirical cartoon by Elkanah Tisdale that appeared in the Boston Gazette graphically transformed the districts into a fabulous animal, “The Gerry-mander,” fixing the term in the popular imagination.source 

Democracy in Question? is brought to you by:• Central European University: CEU• The Albert Hirschman Centre on Democracy in Geneva: AHCD• The Podcast Company: scopeaudio Follow us on social media!• Central European University: @CEU• Albert Hirschman Centre on Democracy in Geneva: @AHDCentre Subscribe to the show. If you enjoyed what you listened to, you can support us by leaving a review and sharing our podcast in your networks!  GlossaryUkraine Grain Deal (Black Sea Grain Initiative)(04:50 or p.2 in the transcript)Since the beginning of the Russian invasion of Ukraine in February 2022, Ukrainian exports of grain have been severely disrupted. For over four months, Russian military vessels blocked Ukrainian ports in the Black Sea. On 22 July 2022, an agreement was brokered by the United Nations and Türkiye to open a safe maritime humanitarian corridor in the Black Sea (the Black Sea Grain Initiative). Since then, over 1 080 ships full of grain and other foodstuffs have left three Ukrainian ports: Chornomorsk, Odesa and Yuzhny/Pivdennyi. As of May 2023, over30 million tonnes of grain and other foodstuffs have been exported via the Black Sea Grain Initiative. The United Nations World Food Programme (WFP – the largest humanitarian organisation in the world) is also shipping wheat from Black Sea ports. Before the war, the programme bought half of its grain stock from Ukraine. Since the start of the initiative in August 2022 over 625 000 tonnes of wheat have left Ukrainian ports to Ethiopia, Yemen, Afghanistan, Sudan, Somalia, Kenya and Djibouti. sourceSyrian refugee population in Turkey(14:30 or p.4 in the transcript)Just over 3.5 million UNHCR-registered Syrian refugees currently live in Turkey, comprising the largest registered refugee population in the world. Hundreds of thousands of unregistered Syrian refugees are also estimated to live in Turkey, although the exact number is highly uncertain due to their legal status and heightened risk of deportation. Refugees began fleeing to Turkey in small numbers at the outset of the civil war in 2011, but the largest waves arrived in 2015 and 2016, when a series of brutal offensives by the Syrian regime – backed by the Russian air force and Iranian-funded militias – retook the largest rebel-held cities in northern and central Syria.  Although the number of registered Syrian refugees in Turkey has remained relatively static since 2018, there has been significant change under the surface. Hundreds of thousands of refugees have continued to arrive since 2018, displaced by the regime’s airstrikes in rebel-held Idlib and its offensives to retake the country’s south. These arrivals have been offset by the roughly half a million refugees who have returned to Syria from Turkey since the war started.source