Book Review: "The Greatest Predatory Attack of History" (tags)
The 1933 Glass-Steagal law created a firewall between commercial and investment banks and prevented speculators from gambling with the money of savers. Restoring Glass-Steagal would restore trust and public spirit. Profit-making is not profit-maximizing; speculating is not investing.
The Bank Tribunal in Berlin (tags)
Even today most radical market liberals do not see beyond their ideological blinders and explain the financial market crisis as a state breakdown. The financial catastrophe is a fiasco of their religious doctrine. The catastrophe plunged the dominant economy into a crisis of meaning.
Bailout Jobs, Not Banks! (tags)
The real state of German public finance is kept secret from the public although the public should pay the bill. Union leaders parrot the fairy-tale of the evil bankers who alone caused the whole debacle. Automakers produce for the storage yard
Rich of the World, Enrich Yourselves! (tags)
Financial jugglers speculating with food, oil and other raw materials caused double-digit inflation and made staple foods like rice and wheat into luxury items for millions. Neoliberalism with one blow managed to drive nation states to the defensive.