fix articles 189026, james k. galbraith
Selling off. The Price of Privatization in France (tags)
Liberalization and privatization have ultimately only confused consumers, but have whetted the appetite of the industry bosses and their puppets even more. The takeover of the state by the private sector is no longer about the realization of an ideological project.
The State Should Rescue the Market Economy (tags)
A balance recession is more than a temporary slump of the economy. During a balance recession, private economic actors try to reduce their debts. The cheap money seeps out on the financial markets where it leads to new bubbles. The labor market does not function like other markets. Falling wages did not lead to more employment - as claimed for decades.
The "Fiscal Cliff" Is a Hoax ... and a Mel Brooks Routine (tags)
The "fiscal cliff" comedy routine in Washington DC is a staged act where Democrats play the "good cop" who want to tax the rich and cut social welfare programs vs. the "bad cop" Republicans who don't want to tax the rich and promise heavy cuts on social welfare programs. Where is the voice of reason that says maybe this so-called fiscal cliff isn't really such a big deal after all?
Some Economists Got It Right - Who Are These Economists? (tags)
Twill 14: The Impossible Magazine is a tour de force. Alternative economics emphasizes reduced working hours, investment in the infrastructure, person-oriented work, labor-intensive investment, community centers, redistribution, free Internet books and soft power.
A Year of Obama (tags)
"Not learning lessons from the bank collapse reproduces or strengthens the dominance of the financial sector. The danger of a repetition of the crisis grows..The political right-wing slanders the health reform project as an `attack on freedom.'"
How Neoliberal Ideology Destabilized the World Balance: Krugman and Galbraith (tags)
"If the depression has not openly erupted, all the features of the 1930s are having a spectacular comeback." (Paul Krugman) To free the US from the claws of private interests, James Galbraith urges the public authority to set social and ecological norms.
The Bailout! News! From Just One Human! (tags)
ACTUAL NEWS! AN OPEN LETTER FROM ONE CITIZEN OF THE PLANET --TO AMERICA'S PRESS --ON A HISTORIC, SHOCKING, WEEKEND. PLEASE FORWARD WIDELY:
Bankruptcies Prohibited (tags)
Capitalism is a system based on debts and credit. To function, it needs trust, trust that banks will always meet their obligations. Fannie and Freddie could not do this any more. Alan Greenspan promoted market forces after extremely overrating them.