imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

The Loss of Respect of the Economic Elite is Enormous

by Peter Ulrich Wednesday, May. 16, 2012 at 3:42 AM
mbatko1@hotmail.com

The embedding of the market and the economy in the civil society is the challenge of the 21st century. Tax shelters or havens must be closed. The wealthiest 400 Americans have more wealth than 150 million people. Time for Plan B, alternative economics and reduced working hours!

THE LOSS OF RESPECT OF THE ECONOMIC ELITE IS ENORMOUS

Interview with Peter Ulrich

[This interview published on 2/21/2008 is translated from the German on the Internet, http://www.wiwo.de/erfolg/trends/wirtschaftsethiker-peter-ulrich-der-ansehensverlust-der-wirtschaftselite-ist-massiv-/5353950.html.

On the backdrop of the Liechtenstein – tax scandal, the economic ethics professor Peter Ulrich sees an enormous and accelerating loss of respect of the “economic elite.”]

The social market economy in Germany could be damaged in view of the deficient morality of some top managers. “Once a seal of quality of the German economic system, social market economy sounds increasingly hollow in the ears of a broad population,” said the director of the Institute for Economic Ethics at the University of St. Galen in Switzerland.

How do you see the so-called Liechtenstein-affair?

Ulrich: I am really astonished at what the new data shows. Whoever wanted to know could long find clear evidence for the gigantic extent of tax evasion from Germany to Liechtenstein and Switzerland. How else can the dramatic loss of income from income tax returns in Germany since 1990 be explained? The share of the “declared” income taxes in the gross national product fell considerably although the high and highest incomes are the only incomes that markedly increased year after year since then. In an opposite way, the share of income tax in internal revenue increased despite the stagnating middle and lower incomes. According to experts’ current estimates, several hundred billion Euros flowed out of Germany as “discrete investments” into tax havens or shelters in the last 15 years. The principality of Liechtenstein has made this its “business model.” This is now seen critically in leading circles of politics and the economy.

Is there a ne4w “zeitgeist” on the executive floors? Is the current manager generation only interested in profits without feeling obligated to the public welfare any more?

Ulrich: The neoliberal zeitgeist has drummed the credo of profit-maximization into people for 20 years. When everyone only maximizes his own advantage, the invisible hand of the market ensures that this is good for everyone (doctrine of shareholder value). This thinking operates like an ideological exoneration from moral claims of consideration of others. Whoever uses unscrupulous hard-as-nails business methods in dealing with co-workers, suppliers and the public is an “achiever” and gets ahead.

Do you believe the social market economy in Germany suffers through the conduct of some top managers?

Ulrich: The long creeping and now galloping loss of respect of the “economic elite” is enormous. Business policy of some well-known big businesses that once enjoyed a great reputation is partly just as disillusioning as the personal conduct of some of its representatives. “Social market economy”

once a seal of quality of the German economic system sounds increasingly hollow in the ears of a broad population.

Could the current debate increase the popularity of the left?

Ulrich: Yes. It would be a shame if the pendulum only swings back again from the pole of market radicalism to the pole of social budgetism. Both of these conventional alternatives are outmoded and block the view to the future, namely to the full development of the modern civil society in whose framework the market economy is embedded. This has nothing to do with “state interventionism.” Rather the social-political prerequisites are created in whose scope the works of market forces and their practical consequences can be exacted on people. Real freedom in a modern society has something to do with purchasing power. The increasingly more extreme concentration of incomes and assets in an astonishingly small percentage of the population that is presently occurring is no longer compatible with the principles of a “civil society.” (According to Gar Alperowitz, the top 5% in the US have 70% of the assets! Translator’s note).

RELATED LINKS:

Title: Faith in the Invisible Hand of the Market is Over

Author: Peter Ulrich

Date: 2009.03.10 07:11

Description: The people will not be so easily convinced of liberalization, deregulation and privatization. On the contrary, people will have a clearer consciousness of the primacy of politics. The free enterprise framework cannot be left to lobbyists who pursue pressure-group politics.

http://portland.indymedia.org/en/2009/03/387502.shtml



Title: Globalization and the New Political Movements

Author: Peter Ulrich

Date: 2009.09.28 06:30

Description: Attac, a global justice network in Germany, Switzerland, Austria and France, demands closing off-shore tax havens and debt cancellation for the third world. The word globalization has a certain function as a threat. Be flexible because capital is flexible and the state can do nothing! GATS makes public assets into goods, e.g. forced privatization of education, energy and water.

http://portland.indymedia.org/en/2009/09/394433.shtml

Report this post as:

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

Black Portraiture(S) IV: The Color of Silence...Cuba No...Cambridge Yes A09 5:32AM

Prohibiting Micro-Second Betting on the Exchanges A09 4:18AM

Prosecutors treat Muslims harsher than non-Muslims for the same crimes A08 10:33PM

Amy Goodman interview on cell phone safety A08 10:29PM

Mesa, Arizona police officer kills unarmed white man A08 9:50PM

Israeli leaders should be prosecuted for war crimes A08 9:48PM

Paraphysique de l'autorité A08 12:11AM

Two Podcasts on fbi corruption A06 10:13PM

Fbi assassins assault & try to kill DAVID ATKINS A06 7:29PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy