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ernst lohoff

Climate crisis and social transformation in times of corona (tags)

Companies go bankrupt, workers are laid off, and because the sources of income dry up, millions of people can no longer even buy the most basic necessities... What counts is whether the things produced can be sold on the market and make a profit.

When Wealth Destroys Wealth: Inverse Capitalism and its Limits (tags)

Ever-increasing real estate prices was an illusion. The boom that the US stock markets have experienced in recent years deserves the name fracking boom. Fictitious capital put the US economy back on the growth track.

Downward Spiral (tags)

To Krugman, the increasing ideological blindness of German politicians can only be explained by their belief that "hard times must be the necessary punishment for earlier excesses." Krugman overlooks that the hard times and excesses do not concern the same people.

Economists Argue over Distribution Question (tags)

More and more economists take distribution questions seriously. When inequality becomes too great in a national economy, the economy becomes unstable. Private indebtedness and income inequality massively increased in the US Financial markets uncoupled from real economy

Neoliberalism was the Godfather of the Financial Industry (tags)

Keynesianism was replaced by neoliberalism that guided the fallow investment capital into speculation.The development of social systems and the rise of real wages contributed to social peace and stabilizing the economic upswing by strengthening mass consumption.

The Great Devaluation (tags)

Democracy, risk and liability are turned upside down when trillions bailout the banks and workers, pensioners and unemployed must pay the bill. We live from those who say No to corruption, to the state reduced to a trough or errand boy for the banks (Bill Moyers).

From the Market of Religions to the Religion of the Market (tags)

The democratic order became concrete as a form of the market. While a secular state forms around the market, the market ceases being merely profane. The market as a fate religion accepts and rejects like a Calvinist God,

On Idleness (tags)

Uncontrolled capitalism proved to be a completely wrong track toward the end of the 19th century. The governing church of work does everything so people only have time and strength for two things in life: work and job-hunting. The 30-hour work week could be a life-giving goal.

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