Economists criticize the austerity religion and demand investments. Germans ardently believe in economic fairy-tales that the 2007/2008 world financial crisis was a crisis of state indebtedness and that state debts burden future generations,
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.
Capitalism in the Faith Crisis (tags)
Trust in the "invisible hand" is a religious exercise ensuring a rule over people that is destructive and fatal. Christians and Marxists wage a common struggle against the spirit, logic, and praxis of the false money-god and its servants.
For 40 years, the Bremen study group has published memorandums. The council of experts promoted the profits of businesses, not aggregate economic demand. Mass unemployment surpassed the 5 million mark because of neoliberal structural reforms.
"A seeming consensus among economists can virtually force the shaping of political opinions.. For 30 years, neoliberalism marginalized all other schools, above all Keynesianism - and all of us hit a brick wall.."
How Goldman Sachs Rules the World (tags)
Hank Paulsen had famous examples: Robert Rubin, Treasury secretary under Bill Clinton, also changed from Goldman Sachs into politics. Europe and the US are firmly in the grip of Goldman Sachs.
Debts and a New Beginning (tags)
Problems don't disappear when they are ignored. Through deregulation, the law of profit maximization and government failure, the financial sector was expanded and made independent of the real economy. 14 million jobs could be created through the Internet.
The Banking and Financial Crisis (tags)
"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."
Worldwide Economic Crisis: Two Opposite Models as Answers (tags)
In a large part of the population, there is a consensus that capitalism has no answers to the great social challenges of social security, hunger and climate change. An alternative investment program (emphasizing children, culture and climate change) gives a long-term answer.
Is Growth Only Possible Through Inequality? (tags)
Does capitalism make the rich richer and the poor poorer instead of creating prosperity for everyone as promised? Inequality declined considerably between 1930 and 1970 in western industrial states.
The Crisis of Capitalism: Credit-Doping (tags)
"The social market economy blows the wealth of this society in speculation rather than in higher wages, higher pensions or unemployment benefits.. All capital transactions with tax havens should be prohibited.. Instead of democratization, we growing centralization in a few hands.."
Investments of the state in the infrastructure, in educational- and social services, are urgently necessary. One positive aspect of the crisis is that the financial sector has begun to shrivel. The shriveling of the financial sector must be accompanied and controlled by the state.
Why Are Banks Failing, Mr. Giegold? (tags)
The crisis will cost massive job losses and strain public budgets. The policy of market opening that refuses social and ecological regulations is a disaster. We must raise new taxes. Closing the tax havens would also be desirable.
The Tax State in the Globalization Trap (tags)
The middle class cannot do what corporations do..German corporations pay little corporation tax; their share amounts to 2.6% of all taxes. For decades, they even received more subsidies than the profit taxes paid in Germany. Corporate enrichment in the US leads to state deficits and social cuts.
From Keynesianism to Thatcherism (tags)
The analysis of whether aggregate economic problems are more on the supply- or demand side and whether they are short-term or long-term precedes all state economic policy.
"The neoliberal medicine Less State and More Market does not work.. That the neoliberal medicine does not heal the economy and society but damages them must be clear to everyone who hasn't suc-cumbed to the neoliberal delusion."
The Crash has Already Begun (tags)
"The crash has already begun! Every crash comes inthree steps, the stock market crash, the banking industry crash and finally the real crash, the collapse of the economy, businesses, jobs and the financial system.. The coming depression is the correction.."
Deflation Threatens. A Specter goes about in Germany (tags)
"The IMF recently warned of a deflationary development and a dangerous intensification of the economic crisis in Germany..Deflation is characterized by a lowering of price levels.. The cause is a surplus of goods over the demand for goods.." Translated from German
A preventive war unleashed without evidence would be a disaster for the rule of law consciousness of the West and a grievous setback for the further development of a radical right to international peace..The military option in no way solves challenges.