On the Power of Money: Three by Eugen Drewermann (tags)
Only faith (as in a religion), the "invisible hand," the "law" of the "free" market can judge everything. State interventions can only be annoying. The market itself is allegedly "social". Everyone acts according to his advantage. The system is not social but criminal and unjust.
Neoliberalism and Authoritarianism - A Symbiotic Pair (tags)
Rightwing populist parties mix the conventional rightwing authoritarian political style with neoliberal economic ideas emphasizing the free unregulated market and the sleek but strong state. For Hayek, unions allegedly threaten democracy and force a just redistribution policy.
Competition Ideology and Power Reality (tags)
Competition cannot be an end-in-itself. Uncontrolled private power leads to misuse. Uncontrolled competition increasingly destroys itself through concentration and centralization processes. Bastard Keynesianism helps the banks. People diverted from real cause of crises
How Much State Does the Social Market Economy Need? (tags)
The use of property is only legitimate within the limits of the public interest. Whoever takes a risk must bear it and be liable for the losses. The state has the political task of laying down effective rules for risk assessment, liability and providing transparency. Distributive battles intensify.
Hypocritical and Hippocratic Economic Policy in Europe (tags)
The crisis is multilayered-a bank crisis, a crisis of wealth distribution and a misallocation of capital between long-term real investments and virtual financial investments.. The frugal Schwabian housewife is not a suitable model.
Mainstream Economics: Monocultures at the University (tags)
The "Plural Economics Network" challenges breaking through the monoculture and intellectual one-sidedness in economics...Instead of viewing our varied social problems from different perspectives, all the answers are derived from very similar models.
How Does Justice Come to the Economy? (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 core of all western-individualist ideas of justice is the principle of personal responsibility. Everyone is responsible for the consequences of his/her actions. This motivates as well as disciplines. "We punish the virtuous and reward the squanderers."
The Corporate State and the Welfare State (tags)
The idea of a "minimal state" may be passe. The author's two theses are: Liberalism is inconceivable without a strong state and liberalism undermines its own conditions of success. The modern welfare state is a child of democracy and can't be drowned in the bathtub.
“Green” capitalism: German Greens adopt new economic programme (tags)
Germany’s Green Party recently agreed to a new economic programme, published under the title “The Green free-market economy.” The programme paper was developed by prominent party figures under the auspices of the party’s parliamentary faction leader Fritz Kuhn, heralding the free market as the guardian angel of the environment—and their own wallets. Every line of this document reflects the class outlook of the upper middle class—those owning medium-sized businesses and the better-off self-employed—by glorifying the market and private property, while simultaneously expressing the authors’ fear of mounting social inequalities. The entire document is characterised by a continuous “on the one hand...and on the other hand” type of argument.
Competition and the Legal System (tags)
Competition is not always a fountain of economic development..Certain academic findings are dangerous for the functioning of norm systems. The critic becomes the delinquent. Several wicked mosquitos may be criticized, not mosquitos in general.
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