For a European Anti-Crisis Front (tags)
Lowering the public debt burden is not an end-in-itself. Debts could serve to stimulate the economy and improve the living conditions of the victims of the crisis. Debt reduction must occur mainly by increasing the tax revenues (higher tax rates and combating tax evasion), not only by cuts.
Justice Before Efficiency (tags)
The market economy must be bound to the principles of a fully-developed civil society. More is involved than a belated redistribution. A citizen is basically a social being. To overcome feudalism, precedence must be given to human- and civil rights over the power based on property.
Political countervailing power of the G-millions against the economism of the neoliberals can only be formed with a long breath.. The grass grows from below; words fall empty from the top.
"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.."
"Tim Geithner made clear the US government does not plan any breach with disaster capitalism....No wonder Wall Street cheers. New life is breathed into speculation at state expense with junk securities.."
The Crisis and the Left: Democratizing instead of Privatizing (tags)
"Neoliberalism has no future..Since time immemorial, (neo-) liberals have wanted as little democracy as possible as an unavoidable evil that should not get in the way of the real kingdom of freedom, the capitalist market economy.."
"The logic of the stock corporation leads to all profits ultimately being used to raise the stock price which promotes speculation." The only way to solve mass unemployment, destruction of the environment and trade imbalance is to break out of the system and pursue qualitative growth."
Risk Development and Dollar Inflation (tags)
Two articles by emeritus professor Elmar Altvater reveal the contradictions of credit or bubble prosperity in the counter-revolution of capital. As work cannot define us, competitiveness and profit maximization do not define the human experience Speculation could bring a new feudalism..
"The basic trust in capital still exists. Modern capitalism has gained a firm place in our subconscious. The debacle of the global financial markets should have led to a rethinking long ago. But the culprits will probably get off lightly because the capitalist system is held as divinely ordained."