A Phuilosopher's Critique (tags)
Because the declining middle classes are unable to see past individualism and economic self-interest, they stick with the fantasy that any loss of purchasing power is a temporary glitch awaiting systemic resolution – as if Capital were an eternal and inexhaustible mode of wealth creation.
Morocco G20 Finance Meetings Make Few Decisions on Crisis Response (tags)
G20 finance ministers met on global economic growth, debt, inflation, expanding development bank aid, the pandemic and other crises.
Russia's victory in an economic war (tags)
If perspectives for ways out of the increasingly worsening crises of capitalist socialization are to emerge, it is indispensable to look at the whole of conditions and their complex entanglements. It is necessary to break with the myths and life lies of the 'free West' as well as with those of a mission for a Russian empire or any other autocratic fundamentalism.
Inflation in the Age of Finance Capitalism (tags)
The shift of profit-striving from the real- to the financial-economy lowered economic growth Unemployment and atypical jobs soared. The welfare state was weakened. At the same time, financial wealth grew exorbitantly (the DAX increased 14-fold since 1988).
Global Growth Remains Low Amidst Debt Concerns, War and Inflation, Says IMF (tags)
Press release.
Inflation, Ukraine & China (tags)
What impresses me is China's diplomatic engagement. And I say that also in terms of their role in restoring diplomatic relations between Iran and Saudi Arabia. Our diplomacy, American diplomacy, seems to me reactive, unimaginative, and ineffective. Chinese diplomacy, on the other hand, seems to me to be more imaginative.
Pause for Thought: Money without Value in a Rapidly Disintegrating World (tags)
The tanking economy is the cause of these “misfortunes”. What we are sold as external threats is in fact the ideological projection of the internal limit of capitalist modernity. In systemic terms, emergency addiction keeps the comatose body of capitalism artificially alive
The inflation debate and The inflation conundrum (tags)
If inflation is the result of a distributional conflict, it can be deliberately stopped by governments. Governments could skim off the higher profits through a tax in order to subsidize energy costs for consumers. Governments could also raise taxes (on the rich).
Davos: Crises, Developing Country Debt, WB Forecasts (tags)
World Bank Cuts Global Growth Forecast as Developing Countries Struggle with Debt
War in Ukraine. Nato taboos fall (tags)
This military-scientific glorification of a war that has long been hopeless for both sides, which is also supported by some media, leads to the postulation of the prospect of victory against one's better judgment. What is meant, however, is more likely a victorious peace.
Who can afford capitalism anymore? and Why are prices rising? (tags)
When the state now debates the need to create relief packages for employees, pensioners, unemployment benefit recipients, trainees and families, this is official confirmation that the result of wage labor is also poverty. The majority of citizens find themselves in a dual role...
Raising interest rates to fight inflation is a crazy idea (tags)
A wrong analysis of the causes of inflation leads to wrong countermeasures. Wage restraint means a loss of purchasing power and does not change the increased energy prices. Higher interest rates will make loans more expensive, lead to less investment, eg renewable energies.
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?
Opportunity instead of crises and End this madness (tags)
History teaches that major course corrections usually emerge from crises. However, far-sighted economists and politicians should start thinking today about how to shape a future without debt crises, without ecological and social exploitation, and without compulsive growth.
The lure of unreason and The crisis profiteers (tags)
The essence of transhumanism is pathological. This ideology is carried by psychopaths and narcissists. Such people love only themselves, their infallibility and uniqueness. The others are only mass. Mass is despised by "the unique".
Making yourself comfortable in capitalism (tags)
"Whoever has a wife should behave as if he had none, ... whoever buys as if he were not the owner, whoever makes use of the world as if he did not use it" (1 Cor 7:29f). Paul is speaking here to people who were "called" as slaves into the messianic church (1 Cor 7:21).
Those who benefit from Corona should pay too (tags)
It's a dangerous trend for a society that is already tending to drift apart and where tensions could become ever greater: Corona has caused the differences between rich and poor to grow, even in Germany. Those who have anyway will become richer in the pandemic.
What will it be like after the pandemic? (tags)
From the March outbreak to the end of May 2020 alone, over forty million people filed initial claims for unemployment benefits. Images of endless lines in front of soup kitchens went around the world. In the meantime, the USA threatened to sink into chaos.
The big crash isn't just hitting the stock markets (tags)
The author reminds us that "never in history has a crisis been solved by printing money." The states and central banks had "maneuvered themselves into a dead end from which they can no longer get out" through their own fault.
Top Economist: As Pandemic Recedes, a Chance to Rethink Unemployment (tags)
The Chamber of Commerce, for example, has pushed the U.S. to stop expanded unemployment insurance benefits so that people will be forced to return to low-wage jobs. Some Republican-dominated states have jumped on board with this idea.
Bernanke Stays the Course (tags)
Fed
banking
US Economy: Troubled or All's Well? (tags)
economy
Year-end inflation forecast down to 6.2 pct as risk perceptions recover (tags)
Ongoing optimism in Turkish markets, triggered by the latest positive indices, has influenced the risk perceptions regarding foreign investments in the country positively, Turkish Central Bank Governor Erdem Başçı told reporters in Ankara on Thursday.
class war
class war
Problems In the US Economy (tags)
We can propel our economy out of recession and quite easily. It is unfortunate all the doom and gloom in the media about the greatest economy ever created in the history of mankind. The US economy will soon surpass 20 Trillion Dollars per year,
Global Economic Crisis Deepening (tags)
Depression
The crisis in Venezuela: understanding the causes, assigning blame and suggesting solution (tags)
* The public pronouncement from the Editorial Collective of El Libertario in mid-January 2010 on the current situation in Venezuela.
What is Inflation? (Ver. 2.1) (tags)
Inflation is a rise in the general price of things. As a result, people believe they are able to buy less things.
What is Inflation? (Version 2.0) (tags)
Inflation is a rise in the general price of things. As a result, people believe they are able to buy less things.
Federal Government Closes down Liberty Dollar (tags)
Many believe that the Liberty Dollar is a much sounder currency than the U.S. Government's paper dollar
"Crises belong to capitalism as the cyclone belongs to the weather.. A social division went along with the neoliberal turn. The welfare state mutated to a repressive crisis management of a growing mass poverty..Greenspan's dollar glut kindled a global deficit economy.."
Argentinization of the US and Currency War (tags)
"After the great killing of the bison, the basic food of Indians, the great killing of the US dollar, the basic food of today's credit-junkie, could now be imminent.. A deficit amounting to 13% of the GDP is more than four times what was established as the convergence criterion of the European Union."
The Misery of Economic Policy (tags)
The military Keynesianism since Reagan guided the streams of surplus global money-capital into the US as a "safe harbor." The orgies of deregulation and privatization cleared the way for the "assets inflation" of the financial bubble economy.
Reviewing Ellen Brown's "Web of Debt:" - Part III (tags)
Federal Reserve plunder Part III
De-Acceleration or Globalization 2.0 (tags)
"The wondrous global division of labor came about in which threshold countries lend money to the US to buy Chinese or Indian products..Must cut-flowers from Africa be promoted in Europe?..With de-acceleration, globalization will catapult fewer jobs around the globe.
William Greider Raps Predatory Usury Schemes (tags)
How did the country get into this unholy financial mess? Think usury! Acclaimed author William Greider points the finger at banks, and people of great wealth, “taking advantage of poor people by lending them money on terms that are sure to fail.” He blames others, too, like “The Fed,” under the reign of Alan Greenspan, the U.S. Congress, and Wall Street. Mr. Greider charges that these parties worked to “castrate” the watchdogs.
Monetary Policy and Stagflation (tags)
50 countries already show double-digit rates; 42% of the world population is affected. Monetary policy reacts helplessly to stagflation. The financial bubble economy is an excess. When consumers finally spend the money they don't have, everything will be just fine.
Potential Future Hyperinflation (tags)
Potential economic trouble ahead.
Recession and Repression (tags)
The real inflation rate including energy and food amounted to 7.4 percent in January. The number of purchased homes reached an historic low. The compulsory auctions by banks have nearly doubled compared to the preceding twelve months.
Psychology has a great influence on developments of the world econmy. In Tokyo, the G7 states agreed to avoid negative terms to not worsen the situation. Neither the extreme price drop of the dollar nor of the Yen were mentioned in the final declaration.
Morgan Stanley Issues Full US Recession Alert (tags)
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investments and a perfect storm for consumers as the housing slump spreads. Under the conservative definition, man is the servant of money. Long live alternative economics!
A "Slow Motion Train Wreck" (tags)
Financial market turmoil and the Federal Reserve increases it
The Underrated Power of Economists (tags)
During the Great Depression between the two world wars, the Brit John Maynard Keynes came to an insight that was implemented in the 1960s. The state must guide the economy by its spending to avert the danger of depression.
US to the 3rd World: ''Do as I say, not as I do'' (tags)
Emerging markets like Brazil, India, and Mexico should not strive for a mythical free-market economy (which never existed, nor follow the encomiums of US special interests -- for they preach free markets but rely on the government to advance their aims.
Tax Cuts and Class Warfare (tags)
An argument against the beneficial results of tax cuts for the wealthy and trickle-down economics.
Which Direction is the US Heading? (tags)
For non-economists, income millionaires obviously have much less reason to spend this extra money than households keeping their heads above water with several jobs.. When Bush began his term of office, the Budget Office forecast surplus of $3 trillion..