Can economy and ecology be reconciled? (tags)
The Corona-related shutdown, imposed by the state and whose effects are to be dampened by the state with enormous sums of money, will go down in history as the classic example of how states create unhappiness and unemployment with unilateral interventions in the economy.
The state must cushion the economic impact (tags)
Heiner Flassbeck expects a slump of the German GDP of 20-30%, Neither Trump nor Merkel said a word about stabilizing the economy. You can't just shut down the economy and then hope nothing happens. Companies, banks and people must be supported. Money must go to those now becoming unemployed..
Heiner Flassbeck on the US Budget Conflict (tags)
The current ceiling of $16.7 trillion will be reached on October 17. If the political camps cannot agree on a new upper limit, the largest economy of the world will be insolvent – with possibly disastrous consequences for the world economy. This October 2013 interview is translated from German
"Politics prepared the ground for financial war" (tags)
The current economic crisis is a product of political mistakes, economic incompetence and criminal energy. Capitalism altogether has been a declaration of war. Politics bungled deregulation. The wisdom of the market never existed.
The exodus from the casino capitalism producing ever faster and ever deeper crises cannot succeed without a broad and powerful democratic base. Parliamentary democracy is urged to finally take up the struggle around the primacy of politics
The State Should Rescue the Market Economy (tags)
A balance recession is more than a temporary slump of the economy. During a balance recession, private economic actors try to reduce their debts. The cheap money seeps out on the financial markets where it leads to new bubbles. The labor market does not function like other markets. Falling wages did not lead to more employment - as claimed for decades.
Unconditional Basic Income is not a Wrong Way: Book Review (tags)
Every step at preventing poverty is also a step at strengthening consumer demand. Steps toward basic income can achieve that change of distribution demanded in the book.
On the Solutions of Liberal Economists (tags)
The crisis has shaken economics to its foundations. The neoliberal mainstream has lost its support; economists alternate between self-doubt and arrogance. Once they believed in the rationality of economic actors and markets and the notion that financial management exists to serve the real economy.
Video: On the Brink: Fiscal Austerity Threatens a Global Recession (tags)
Dr. Heiner Flassbeck, Director, Division on Globalization and Development Strategies, UNCTAD: European austerity policies past the point of no return, driving global economy towards deep and lengthy recession
The Error is in the System (tags)
The financial crisis mutated into a global economic crisis and a state debt crisis. The financial crisis was not a "bump in the road" or an industrial accident but a systemic and structural crisis that caused $11 trillion of wealth to vanish while millions lost their jobs. homes and pension
Economics' sharpest critics regard it as an auxiliary science of astrology, a sect that sings its same little song. Classical authors like John Kenneth Galbraith are finally rediscovered. Exactness is impossible. The coming generation should be protected from mono-cultural ideology
Dominant Economy Pretends Its Breakdown Was Unforeseeable (tags)
The consensus of the past two decades on how the macro-economy functions is shattered. The breakdown of the dominant economy is a consequence of the financial crisis, the "great shock."
Crisis Conditions Grip Eurozone (tags)
class war
Stagnation as a Trend-Life with Satiated Markets, Stagnating Economies and Reduced Work (tags)
45 years ago JKGalbraith was shocked at the public squalor alongside private affluence. In 2008-10 trillions were given to banks and Wall St. so private losses became public losses. By relieving corporations of taxes, neoliberal supply side strategy worsens growth and employment.
Only Lip Service: Interview with Heiner Flassbeck (tags)
Heiner Flassbeck describes the financial summit in Washington as failed. The UN expert says the central problems of speculation with exchange rates and raw materials were not addressed. The industrial countries divert from the real themes.
Taxes and Finance Capital: Back to the Feudal State (tags)
Taxes are the corrective to the furious free market. They safeguard the public interest, redistribution, public functions and services..For the oligarchs, tax is a confiscation and tax officials are highway robbers.. Tax reductions for the rich are the direrct cause of the debility of community.