Why China wont replace the US as hegemon. Chaos instead of hegemony (tags)
China's growth is also running on credit; the People's Republic is similarly indebted to the descending Western centers of the world system. This trend toward de-dollarization can only be properly understood against the backdrop of the imperial descent of the United States.
Putin's authoritarian regime poses as resistance fighter (tags)
After the collapse of ‘really existing socialism,’ the liberal fairy tale we were told had it that democracy and a market economy would open the way to freedom and prosperity for all members of world society. This illusion has disgraced itself miserably.
Labor fetish and anti-semitism (tags)
"Work makes you free" was written above the gate of the Auschwitz death camp. How did the Nazis come up with that? Isn't work something meaningful, something good? What does it have to do with Auschwitz, of all places? Because work and meaningful activity are, two different things.
The true costs of capitalist wealth (tags)
What drives the capitalist mode of production is the endless compulsion to increase abstract wealth, or, put more simply, the compulsion to turn money into more money... Society is richer than it knows, because it does not take all kinds of wealth factors into account in GDP.
Capitalist dilemmas and The Greed for More (tags)
The overexploitation of nature did not remain without resistance. However, these were ignored by both the left and the right. The "requirements of shipping and agriculture" destroy original functions of the floodplain landscapes. "And if solutions within the system are so impossible to find,maybe we should change the system"
Workout. The Crisis of Labor and the Limits of Capitalist Society (tags)
The Third Industrial Revolution represents a qualitative break in the history of productivity growth. This is because microelectronics facilitated a radical reorganization in production overall such that labor lost the central importance that it previously had and the application of knowledge became the main force.
Climate Crisis and Social Transformation in the Age of Corona (tags)
The temporary moratorium on economic activity in large parts of the world has done nothing at all to change the fundamental logic of the capitalist mode of production, which is driven by the end-in-itself motion of endlessly reproducing abstract wealth, represented by money.
Why capitalism compels renunciation and we could work less (tags)
How much human and natural resources are squandered on taxation, trade and advertising, how much on labor administration, justice, police, prisons, armaments, military? How many people work overtime without end, suffer heart attacks and burnout, wear themselves out in the brutal competition?
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.
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.
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,
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.