How the financial market redistributes from poor to rich (tags)
"Some business models, such as high-frequency trading, where huge blocks of shares are shuffled back and forth every millisecond, have no added value for society, but bring profits to a few financial professionals at the expense of everyone else."
Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
Economics is Onesided and Reactionary (tags)
The homo oeconomicus cannot be our hope and is not desirable or future-friendly. The economic benefits to the capitalist entrepreneur are in contradiction to nature and to the person..We face completely oversized financial markets that have uncoupled from the real economy creating value.
The exodus from the casino capitalism producing ever faster and ever deeper crises cannot succeed without a broad and powerful democratic base. Parliamentary democracy is urged to finally take up the struggle around the primacy of politics
On Protest and the "Occupy"-Movement (tags)
National economies are now subject to the pressures of this supra-national financial "market" and to the institutions helpful to this market like the IMF and the European Central Bank. "Bailout umbrellas" at the expense of the common taxpayer are opened up.
The Crisis of Financial Market Capitalism as a Challenge for the Left (tags)
The crisis of neoliberal financial market capitalism broke out in its center and has one central systemic cause. This crisis was triggered by the independence of the financial sphere... A solidarity mixed economy, democracy and peace are alternatives.
The Financial Market Must Become a Public Service (tags)
An institutional crisis faces us, not individual failure. Egoism makes one short-sighted; greed makes one blind. Capitalism is not simply a market system. Capitalism is a social order. Therefore it cannot be left to economists to decide which laws of the market should operate.
Risk Development and Dollar Inflation (tags)
Two articles by emeritus professor Elmar Altvater reveal the contradictions of credit or bubble prosperity in the counter-revolution of capital. As work cannot define us, competitiveness and profit maximization do not define the human experience Speculation could bring a new feudalism..
Welcome to Finance Market Capitalism (tags)
The financial market escapades must be the problem because capitalism itself cannot be the problem. The state bailout measure prepares the ground for inflationary developments.
Income Distribution is Perverse (tags)
Redistribution of income is central. Another economy is necessary in which people are more important than profit percentages. A shareholder value philosophy ruthlessly downsizes and closes plants in pursuit of maximum profit.
ARCHIVE OF ARTICLES ON SUSPICIOUS FACTS REGARDING 9/11 (tags)
"I can see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country...corporations have been entroned and an era of corruption in high places will follow, and the money of the country will endeavor to prolong it's reign by working upon the prejudices of the people, until all wealth is aggregated in a few hands and the republic is destroyed.