Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
The Rich are the True Social Parasites (tags)
In the past, social events and revolts shaped a generation. That changed in the 1990s. Identity is drawn from the consumption of brands. Therefore the public longing today is for better products and no longer for a better world.
Homo Economicus and Dethronement of the Profit Principle (tags)
Max Frisch summarized economism int he formula: "what brings profit is rational." Economism is a business ethics conception, a justification theory for profit maximization that declares ethics superfluous. Ultimately this is an "ethic" without morality.
Neoliberalism was the Godfather of the Financial Industry (tags)
Keynesianism was replaced by neoliberalism that guided the fallow investment capital into speculation.The development of social systems and the rise of real wages contributed to social peace and stabilizing the economic upswing by strengthening mass consumption.
True and False Causes of the Financial Crisis (tags)
If we can produce enough for all in superfluity-and we are already technically in this position-why must the whole enormous social wealth be squeezed through the needle of buying and selling, money, profit and growth? We all deserve something better than capitalist crisis economy.
True and False Causes of the Financial Crisis (tags)
The jubilant singing about free enterprise as the supposedly best of all worlds sounds much quieter than at the beginning of the 1990s. We urgently need alternatives. This is now a matter of survival. As it was taboo to doubt the rule of the church in the Middle Ages, the thought prohibition of questioning the market economy is in effect.
Crisis Populism and Rose-Colored Glasses (tags)
When it concerns socializing the losses of the financial disaster, the head of Deutsche Bank no longer believes in the "self-healing power of the market." The bankruptcy of neoliberalism is blatant.
"We Have an Upper Class Problem" (tags)
The unconditional basic income is a revolutionary idea but can only be realized in an evolutionary way.. We have long been in a foreign-provision economy. No one can provide for himself.. The state should offer people a basic income so they can live a modest humane life.
"How can the state finance itself in times of worldwide competition without damaging the national econmy? How can it find the old strength without creating new poverty?.. There is no system-conforming way out of this vicious circle.."
Disinformation as a Strategy of Power (Part II) (tags)
"Perpetual growth is not possible in nature or anywhere else..Globalization, the free market with its absolute competition protected by the WTO agreements doesn't have anything to do with fair competition...A global network of resistance is developing.."
Disinformation as a Strategy of Power (tags)
"What caused this development? How could an economic system be built where ever-larger parts of the population are excluded from sharing in growth? ..In neoliberalism, the person is not regarded as a person but downgraded to mere labor power.."
Europe and the Power of Capital (tags)
"The economic form of neoliberalism is based on political decisions, not practical economic necessities.. Only the democratic nation state can show the economy its place entitling it to exist for people and not vice versa.."
Capital and Labor: Deeds Must Follow Criticism (tags)
A new balance between capital- and labor income is necessary. Unfortunately the opposite is happening. The constant lowering of capital taxation in Germany fans the European tax lowering competition. The public infrastructure deteriorates.
Mr. Greenspan and the German Way (tags)
Greenspan's dilemma is that interest rates must rise to reduce the trade deficit ($617B in 2004) and keep foreign investors ($2B a day) though this could burst the real estate bubble and raise consumer prices. US prosperity is a credit-b ased prosperity.