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

"We need a new economic balance"

by Democracy Think Tank in Germany Saturday, Mar. 02, 2013 at 6:21 PM
marc1seed@yahoo.com

If the US removed the cap on social security taxes, public spirit and generational fairness would return to the states. At present, there is a cap at 6K. If you make million, you only pay social security tax on the first 6K.

“WE NEED A NEW ECONOMIC BALANCE”

Discussion paper for the conference “Tomorrow's Prosperity. Ways to a Sustainable Economic Model,” February 14, 2013

by Democracy Think Tank in Germany

[This discussion paper published in February 2013 is translated from the German on the Internet, http://www.blaetter.de/archiv/jahrgaenge/dokumente.]

Germany is thriving economically – if one only looks at two numbers. Measured by the “gross domestic product” and the “number of employed persons,” we obviously are living in the Golden Age. However an analysis limited to these two facts is short-sighted. The classical indicators of statistics tell us little about the social reality and quality of life in this land. They veil growing injustice and discontent and give little information about the future friendliness or viability of our economy. Often they serve as reasons for short-sighted decisions and plans that contradict the principle of economic, ecological and social sustainability.

A more exact analysis shows: our economy is out of balance in many regards.

The extremely unequal distribution of income and assets endangers the macro-economic equilibrium. The social balance of our society is lost. For a long while,. Education chances and work were not distributed fairly. Our economic mode threatens our natural foundations of life.

Unbroken Finance Capitalism. The dominance of financial management with its false models, wrong incentives and short-term profit interests over against the real economy is not broken. Up to today, there has not been a real financial participation of the financial sector in the high public costs of crisis management.

Europe out of Balance. In many countries, management of the burdens of the financial crisis – on account of the policy of the German government – is carried out on the backs of employees and the weak. The economic imbalances between the countries is a persistent risk for economic stability. Germany is too dependent on the world economy.

Climate Change and Destruction of the Environment. Our present growth path is not sustainable or future-friendly in a world of increasing prosperity and growing population. We need greater efforts from politics, the economy and society for the energy turn, reduction of harmful emissions and increased resource productivity. A responsible macro-economic analysis must consider the costs through environmental- and climate damage, the loss in biodiversity and natural landscapes, as the Stern Report did on the economic costs of climate change.

Good Work – But Not for Everyone. We have set a record in gainful employment, fortified long-term unemployment and the high share of precarious working conditions. Women do not have the same chances as men on the labor market. 25 percent of women and 15 percent of men work for a wage of less than 8.50 euro an hour. Strain and pressure increase for many employees in secure working conditions which appear in the increased mental illnesses.



For Many, There is no Prosperity. The promise of the social market economy of creating “prosperity for everyone” is not valid any more. The gap between poor and rich widens. The German government also recognizes: “Private assets in Germany are distributed very unequally. Households in the bottom half of distribution only have one percent of the total net assets while the richest ten percent of households have half of the total net assets. Private net assets rose 1.4 trillion between 2007 and 2012 (draft of the Poverty and Wealth Report). On the other side, income poverty climbed to 15 percent. The “income of the middle class” shriveled (according to a study of the Bertelsmann foundation and DIW) since the middle of the 1990s from 65 to 58 percent. While corporate profits, manager salaries and private assets rose, real private investments in Germany lag behind this development.



Private Riches and Public Poverty. The high public indebtedness is the expression of an under-financing of the state. The draft of the Poverty and Wealth Report explains: “While the net assets of the German state decreased about 800 billion euros between 1992 and 2012, the net assets of private households (including private organizations without commercial objectives) more than doubled from 4.6 to around 10 trillion euros.” While private assets grow, the community lacks funds for child care, schools and public infrastructure. The German league of cities and communities recently decried an investment backlog of 100 billion euros.

Rule of Markets Instead of Democracy. The dominance of the “markets” over democracy deplored by considerable parts of the population weakens the cohesion and trust in the political possibilities of the future. Europe is seen as a bureaucratic machine. Instead of political leadership, people witness more and more the powerlessness of politics before the real challenges of the world. Poor voter turnout and political extremism are manifestations of these tendencies and alarming signs for democracy.

These imbalances negatively amplify one another. We have not exhausted our potential for an innovative, socially just and ecologically sustainable economic model. We lag far behind our possibilities.

All these serious structural imbalances are not reflected in the code numbers of the GDP. Therefore there is increasing awareness in politics, academia and society that the gross domestic product alone cannot define “prosperity.” International and national groundwork for new and better “prosperity indicators” can be reviewed. The Enquete commission “Growth, Prosperity and Quality of Life” of the German Bundestag has worked out proposals for new indicators.

We need a change of course in economic policy. We need a public consciousness that economic policy must be committed to economic, social and ecological goals. Therefore we plead for setting the goals of economic policy in the sense of a new balance.

According to the model of the traditional “magical square” of the 1960s (growth, employment, price stability and foreign trade balance), we want to define a new “magical square” that does justice to the challenges of the 21st century.

Sustainability of State Activity and State Finances: Necessary state expenditures must be financed through adequate revenue. The public debt burden must be reduced without neglecting necessary future expenditures.

Material Prosperity and Economic Sustainability: An efficient national economy that strives for full employment and shows a balanced balance of payments.

Social Sustainability: Reduction of poverty, good work, a more just income distribution and better education chances.

Ecological Sustainability: Uncoupling growth and resource consumption, reduction of greenhouse gas emissions and higher resource productivity.

A future German government should establish these goals of a new “magical square.” Replacing the outdated Stability and Growth law of 1967 with a “Prosperity and Sustainability law” is conceivable.

3, Including the extensive preparations of new indicators for a new “prosperity” measurement, the German government should report on progress in realizing this goal to the German Bundestag and the general public. An “annual prosperity report” should be presented that combines the different individual reports (including the annual economic report, the Poverty and Wealth Report, Progress report on sustainability strategy for Germany).

These democratically-defined goals of prosperity and sustainability are the guard rails for politics, the economy and civil society.

The Democracy think tank will work on this concept together with experts and present a position paper in the spring.

Yasmin Fahimi, Michael Guggemos, Steffi Lemke, Andrea Nahles, directors of the Democracy think tank

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

TheMilitary of Yemen IN In The 1990's A26 5:42PM

The Shortwave Report 04/27/18 Listen Globally! A26 4:03PM

Federal Bank Examiner FDIC recalls year long 1999 robbery in 2017 A26 3:24PM

Doxa du lobby A25 2:03AM

Tech workers organize A24 6:24PM

Architect Stephen Francis Jones A24 3:01PM

UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for A24 12:34PM

Xyloglossie attitudinale A23 8:07AM

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

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