For Immediate End of Austerity Policy in Europe (tags)
The growth model forced in the past with redistribution from bottom to top and increasing export surpluses has failed. For years, the demands of the Alternative Economic Policy study group emphasized combating unemployment and poverty and, taming the financial markets.
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.