Opportunity instead of crises and End this madness! (tags)
Almost no one asks what an economic policy looks like that no longer subordinates everything to economic growth: How to reduce the debt mountain to a reasonable level without GDP growth? How can pensions be secured without GDP growth and employment be guaranteed?
New Prosperity. Is a paradigm-shift necessary given the limits of economic growth? (tags)
Politicians and economists have adhered to the principle of steady growth. One possible explanation may be that "central areas of society, politics and the economy.... are existentially dependent on constant growth"
China's 6.9% Growth: The Superiority of the Plan (tags)
China has brought hundreds of millions out of poverty in only three decades thanks to the opening of the economy. In 1978, 90% of the population lived below the absolute poverty line of $1.90 a day. Today, there are `only' 43 million, three percent of the population of 1.4 billion.
Public Risks, Private Profits and Prosperity (tags)
All personal and corporate achievements are based on state investments in roads, schools, hospitals, community centers, airwaves, food safety, and water quality. The Apples and Googles of this world are businesses that developed the results of state-financed basic research...
Growth, Prosperity and Quality of Life (tags)
"Our understanding of a modern economic and social system is strongly influenced by the phase between 1950 and 1975 when the social market economy was created and democracy was re-stabilized. Since then conditions have changed. New answers are necessary."
Growth Criticism and Social-Ecological Transformation (tags)
Unlike a chair, an idea can be shared by a whole people. Words can be like spears breaking frozen souls. (Kafka) Education is the great transformer (John Kenneth Galbraith). Economics as taught today is like brainwashing. (Ulrich Thielemann) Incentives to investing in the real economy are vital after the phase of credit- and bubble prosperity.
On World Economic Forum on East Asia 2014 (tags)
All Glitz, Nothing New to Solve Poverty and Inequality
Filipino workers challenge to Aquino (tags)
Three years ago, President Aquino promised to substantially reduce poverty, create quality and secure jobs, and end the reign of impunity, among others. He promised “inclusive growth”. Workers have had enough of these broken promises.
Less Growth = More Happiness (tags)
The question about alternatives to the dominant western model of life and greowth becomes increasingly urgent together with the looming-or already occurred-surpassing of Peak Oil. New measurements of prosperity include life satisfaction, access to health care and education
The Great Tax-Cut Experiment and Corporate Taxes as % of Profits (tags)
Comparisons with Other Countries: Americans pay a smaller proportion of total income in taxes than do people in any other advanced capitalist economy. as in Western European countries.
US Economy: Troubled or All's Well? (tags)
economy
Economics could be a part of life, not a steamroller crushing self-determination and creativity. Economics changes with the times. Once saving was the elixir and then spending was the elixir. Frank Rotering in "Needs and Limits" discusses "ecological overshoot."
The One Percent Turns Class War into Generational War (tags)
The cost of making social security solvent for 75 years amounts to 0.58% of the GDP. The cost of the Iraq and Afghanistan wars amount to three times as much. The cost of transferring wealth to the top 1% over the past thirty years is 6% of the GDP or 10 times as much as social security cost.
Media
New Numbers for Progress: Alternative Growth (tags)
The GDP measures the wrong things and conceals destruction of the environment, unhappiness and injustice. Politics tries to force up the gross domestic product. But what if this standard does not measure the right things and leads to a misguided policy?
U.S. at a Turning Point (tags)
The real income of 90% of US families only increased ten percent since 1973. For many, the American dream has become a nightmare. More than half are even in a worse situation today than 37 years ago. The working class has not shared in the productivity growth.
America Facing Depression and Bankruptcy (tags)
The worst is yet to come
What “Jobless Recovery” Means in Capitalism (tags)
The phrase “jobless recovery” entered the capitalist lexicon in 2002. But since then nobody want to be associated with these phrase. Although a lot of economist tried to use this term as a byword. Still noboy want to own up to this infamous phrase. The term “jobless recovery “ had been associated with the terms of momentary statistical growth and corporate profits on books of accounts and in the stock market rather than in terms of production, employment and improvement of the people's living conditions.
Corruption, callousness and cynicism reeking from every pore of the system has become almost impossible to miss even by the masses of benighted Americans who continue to believe that the American Way of Life‚ "despite its flaws", remains the best that humankind can achieve in terms of self-governance.
CHINESE, EUROPEANS AND AMERICAN LEAD THE LISTA OF THE MORE PROTECTIONISTS (tags)
The "open economy" of the richest is closed.
We persuaded ourselves permanent economic growth was the answer to all questions. We should now engage in a growth debate about the nature of this growth, not whether we should renounce on economic growth. Increased GDP can mean destruction of foundations in long-term
The crisis calls for system alternatives and redistribution from top to bottom. Will the financial crisis encourage the transition to a new social order? A certain mix of good functioning markets and a strong welfare state leads to the best results.
Lessons from 1929: Christina Romer (tags)
Roosevelt's debt-financed spending packages were historically unique since balanced state budgets were the norm..Roosevelt's New Deal led to an increase of nine to thirteen percent in the real GDP between 1934 and 1938. Charlie Rose's interview with Ms Romer is life-giving.
Lessons from the Great Depression: Christina D. Romer (tags)
This paper was presented at the Brookings Institution Washington D.C. March 9, 2009. Christina Romer, economics professor at Berkeley, is one of President Obama's economic advisers in the Council of Economic Advisers.
Sharp drop in migrants’ money transfers from US (tags)
Mexico depends on migrants' remittances for eight percent of its Gross Domestic Product compared to 12 percent in Guatemala and no less than 18 percent of El Salvador's GDP. And these are the official statistics, which do not include US dollars passing the US border under car mats.
RP fails to get rating firm’s confidence vote (tags)
THE Philippines failed to secure a confidence vote from one of three important foreign credit-rating companies, after the country’s revenue-generating agencies missed collection targets for the first quarter. In a statement issued Friday night, Standard & Poor’s Ratings Services said it kept its credit-rating outlook for the country, currently stable, dashing government hopes that the rating company would lift the same to positive.
True Facts About Immigration
Hard Landing of the Dollar (tags)
The decline of the US dollar signals the economic weakness of the superpower and the structural crisis of capitalism. Since 1985 the US has become heavily indebted fo foreign countries. This foreign indebtedness amounts to 35 percent of the GDP.
Inflationary Deflation or the Dominance of the Global Financial Markets (tags)
"When real interests are above real growth rates of the GDP, debtors are structurally overstrained. The debt crisis of the 1980s and the financial crises of the past decade suggest that a kind of post-modern `plundering capitalism' is arising.."
The grass is not greener (tags)
Poor Euros. More evidence of the failure that is socialism. Socialists destroy the incentive to work and yet claim to support "Labor."
Yes, indeed — the Bush boom has begun at last. (tags)
This week's report of a barnburner 7.2 percent rise in gross domestic product is very significant. It informs us of the likelihood of a true recovery boom — call it the Bush boom — in the months and quarters ahead.
Good news! George W. Bush's "free market" economic policies are working! (tags)
The biggest surge in defense spending since the Korean War era helped drive U.S. economic growth ahead at a surprisingly brisk 2.4 percent annual clip in the second quarter, the Commerce Department said on Thursday.
Top Reagan Official Unmasks Ten Myths In Support of Higher Military Spending (tags)
Lawrence Korb, assistant secretary of defense in the Reagan administration, criticizes key underlying assumptions of Gore & Bush military policy -- FROM THE LEFT! From TomPaine.com