Capitalism as a Religion (tags)
"Capital is the only god that the whole world knows, sees, touches, smells, tastes and excites all our senses. It is the only god that doesn't encounter any atheists" (Paul Lafargue's little known genial satire "Religion of Capital" from 1887.
How Does Justice Come to the Economy? (tags)
The Loss of Respect of the Economic Elite is Enormous (tags)
The embedding of the market and the economy in the civil society is the challenge of the 21st century. Tax shelters or havens must be closed. The wealthiest 400 Americans have more wealth than 150 million people. Time for Plan B, alternative economics and reduced working hours!
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
The U.S. is More Greek than Greece (tags)
Deficit economies were organized mainly by finance capital. The expansion of this credit-financed mass demand went along with the expansion of the financial sector. Trillions of dollars and Euros were pumped in the stabilization of financial markets.
The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
Market Failure Wherever One Looks (tags)
7-8 million jobs lost in two years, 150,000 public sector jobs lost in September, are signs of total system incompetence. It's time to redefine state and market and adopt alternative economic policy with reduced working hours and infrastructure investment.
Will Our 'Green Jobs' Dollars Help a Ritzy Car Company Open a Toxic Manufacturing Plant? (tags)
Tesla Motors Inc. is planning to build a "green" electric auto at a toxic dump site at Downey, CA. It has received $465 million from the DOE to build this non-union auto assembly plant where injured IATSE 44 movie workers and SEIU UHW Kaiser workers have been sickened.
Faith in the Invisible Hand of the Market is Over (tags)
The people will not be so easily convinced of liberalization, deregulation and privatization. On the contrary, people will have a clearer consciousness of the primacy of politics. The false incentive systems in the businesses must be removed.
The New Morality(TM) of Capitalism (tags)
During the Great Depression, Pres. Roosevelt used social programs (ex. The Hoover Dam) to employ miilions of Americans because continued despair would've led to the same Fascism that devoured post-WWI Germany. Today's right-wing pundits call such policies "immoral" and FDR a "Communist".
Pentagon's Betting Parlor of Assassinations and Coups (tags)
.