The Autism of Economists (tags)
Analogous to a mechanical system, neoclassicists understood the economy as a perpetual cycle of production and consumption kept in balance by the price mechanism.
Between Austerity Mania and Megalomania (tags)
The more capitalism invokes its rationality, the more irrational it seems to be. Fewer and fewer persons handle more and more tasks. This savings mania was forced to the detriment of quality controls. The economy should be a part of life, not a steamroller crushing self-determination
"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.."
Financial Crisis: Bending and Breaking (tags)
The governments still strike the pose of successful crisis management. The points are set for a state-sanctioned survival of neoliberlaism through bending and breaking, Instead of raising mass income, the state finances capital investments to liven up the domestic economy.
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.
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.
The New World Currency Crisis (tags)
The US lost its absolute superiority as an industrial- and export-state..The US balance of payments deficit has nearly doubled since the 1980s..A hard landing of the dollar becomes more likely the longer the Asian exchange rate correction is delayed.
Optimism in the Kingdom of Phantasies (tags)
The credit-financing of the worldwide takeover batlles has built a gigantic bankrupt-cy potential in the private equity funds that can lead to a chain reaction in 2007. The hard landing of the consumer economy in the US seems programmed.
In payback time in the culture of fear, important trade, budget and cable access bills are passed in the dead of night. The dominant elite consciusness is frozen, refuses alternatives and stylizes bankruptcy as normal business practice.
Instead of overcapacities and selling houses to each other, America is called to radical economic change and sustainability. The economy should servie humanity. Progress and work should be redefined for the post-fossil age.
Pension schemes and the labor market are in an irreconcilable opposition. This schizoid argumentation has long sunk into mass con-sciousness..A society with the highest productivity of world history chains seniors to production longer than in the Middle Ages.
Unprofitable of the World, Unite! (tags)
Capaitalism is a threat to humanity, not a chance.. The logic underlying this system is simple and brutal. Only what is profitable is entitled to live.. Capital is insatiably greedy for human labor to transform labor into more and more capital..
Annulling Debts as a Great Step (tags)
"The goal must be redefined beyond goods production and abstract labor, beyond the market and the state.. The great step of debt cancellation occurs when the burden can no longer be endured. The new finance capita-lism is a bubble and debt capitalism.."