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werner sinn

The Left is Not Obsolete (tags)

"Propaganda is always the other. We are the principled," said Norman Birnbaum. The left is rooted philosophically in the Enlightenment with its rejection of throne and alter. The left sought material redistribution for moral reasons-for the sake of transforming human nature.

What is a Crisis? A Retrospect on the 2008 Economic and Financial Crisis (tags)

The economic guild interprets crisis through an ideological lens. The financial crisis is redefined as a state debt crisis. Illuminating the systemic causes of crisis or discussing the crisis proclivity of the capitalist system is not possible anymore.

Unemployment and New Ways (tags)

The rise of unemployment worldwide has reached unparalleled dimensions. In 1999, 700 million were affected. The neoliberal economic theory promotes the prosperity of the rich, not society as a whole. Profit maximization is often the only goal. Reducing working hours is vital.

Unemployment and Inequality (tags)

"The past will devour the future" if there is no radical change of direction in economic development. That is Thomas Piketty's prediction. Piketty sees the solution in a global capital tax or wealth tax.

Wealth is not a Private Affair (tags)

The US faces a revenue- and a war-spending crisis. The top tax rate was over 70% from 1938 to 1982; corporations put trillions in tax havens. Alternative economics emphasize profit maximizing is not profit making. In financial capitalism,Profits explode, not investments.

Profit-Making is Different Than Profit-Maximizing (tags)

Discussions of jobs and the economy are often marked by trivialization, distortion, unreality and wishful thinking, The neoliberal model promotes profits, not investments and rationalization and digitalization lead to mass unemployment. System analysis and market failure are often glossed over

10 Strategies of Manipulation Revisited (tags)

Sylvain Timsit shows how society is influenced and what information is deemed relevant. http://libyaagainstsuperpowermedia.org/2012/03/05/sylvain-timsit-ten-techniques-for-the-manipulation-of-public-opinion/

How Economists Change the World (tags)

Theory development is also a war over dominance. The goals of Hayek's war were expulsion of the Keynesians, liberalization of the financial markets, abandonment of full employment policy, dismantling the social state and weakening unions.

For a Different Economics (tags)

Economists are criticized everywhere for their onesidedness, their focus on markets and their inability to deal with the burning problems... From neoclassical assumptions "more is better" or markets lead to efficient distribution, a perspective on the world results that sets efficiency over justice

TTIP: Threat to Democracy and the Constitutional State (tags)

The TTIP, the largest free trade zone comprising 800 million of the EU and the US is being secretly negotiated. Democracy and the constitutional state are threatened by 3-person arbitration courts where corporations can sue states and decisions are irreversible.

The Extremist Society (tags)

"The barbaric core of capitalist socialization is on full display in the present system crisis. The propagandists of totalitarian economism come in the mask of democrats. Economic-profitability thinking is imposed on society. Our society has long been viewed as a business."

Democracy in Crisis: The Terror of the Economy is a Danger to Democracy (tags)

There is a powerful crisis dynamic that is stronger than the will of the sovereign and its democratic institutions. When capital relations fall into crisis, everything can be instrumentalized: the basic law, democracy, human rights and human life. Economic pressure creates extremism of middle.

Debt Tribunal and Green Socialism (tags)

Qualitative growth, breaking out of the box of quantitative growth, is the key to solving mass unemployment, environmental destruction and trade imbalance. A job in education costs 1/10 what a job in a chemical dye plant costs. The media is part of a system that refuses change.

Medrciless Samaritans and 10 Causes of the Crisis (tags)

"There is no society. There are only individual men and women," said Margaret Thatcher. Margaret Thatcher, the former British Prime Minister, had a great share in the crisis in which Europe, capitalism and democracy find themselves.

The Naked P{rophets (tags)

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 Rules of the Game, Not the Players (tags)

In the last three decades, the financial markets have grown much faster than production.. The respective players (whether public or private) are not the problem but the rules of the game.. The goals and means of production must be redefined

The Price of Growth (tags)

In "1984," George Orwell warned that war would become a domestic necessity to divert the people from economic contradictions. Inequality may promote productivity but also undermines public spirit and social ochesion

The Wavering State (tags)

"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.."

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