Car Plants Are Making Medical Equipment - And Things Should Stay That Way (tags)
The time has come for progressive nationalization and socialization. This includes the financial sector, because only if we gain control over the financing of socially necessary areas of production will it be possible to ensure that we as a society can plan our future.
Battle for Social Democracy and Unfettered Capitalism (tags)
Two opposing schools of thought face each other at the sickbed: neoliberalism and social democracy. Didn't the death-bells of neoliberals ring in the course of the financial market crisis? Were not neoliberals unmasked who first caused the whole mess with their deregulation?
Against the cannabilism of capital (tags)
Hysterical Populism and the Appetite of Leviathan (tags)
The relationship between economy and social order has been turned upside down: economy is no longer a function of an overarching culture, but conversely, "human society has sunk to being an accessory of the economic system" (Karl Polanyi). RK was founder of Exit & Krisis blogs.
Is China in danger of collapse? and Anti-economics and anti-politics (tags)
In the process of modernization, the relationship between market and state can be boiled down to the formula of a general law: the more market, the more state... The bloated market and the bloated state can only live or die together.
Renaissance of the Social Market Economy (tags)
A social market economy is based on two political pillars: (1) taming the market dynamics via regulation and (2) mitigating its consequences in distribution policy. (3) The development and care of an economic culture of moderation and fairness in dealing with one another forms the third, the cultural pillar of taming and civilizing
Why Karl Polanyi Still Matters (tags)
In The Great Transformation (1944), Karl Polanyi explains why the economy must be embedded in society and society must not be embedded in the economy. He describes land, labor and money as "fictitious commodities" since they cannot be multiplied and created on the market.
Capitalism, Coronavirus and the Road to Extinction (tags)
The only way to ‘re-embed’ our economies and save our lives from ecological collapse is by intervening in the very heart of the beast: land and human beings need to be taken out of the market. The beast is not tameable; it needs to be killed.
The chances of the Corona crisis (tags)
Public debt only became a problem after the bank bailouts...Crises cause fear and reinforce deep-seated anxieties.. The market under capitalism is not an efficient distribution mechanism, but a means to enrich private corporations at the expense of society and its environment.
From the irrationalism of the market to the irrationalism of life in neoliberalism (tags)
Reason is not allowed to question the market but accepts it as a neutral and objective authority. The market takes the place of reason on a collective, social level. By definition, compulsion does not come from the market.
The Hypnosis of Patriotism (tags)
Patriotism is an unnatural,unreasonable, harmful feeling for our times, which causes much of the evil from which mankind suffers.
The Social State in the Age of Global Capitalism (tags)
Welcome to techno-corporate feudalism-where the richest three Americans have more wealth than 160 million, where the wealthiest 86 have more wealth than 3.6 billion, where the foul-mouthed cancelled free school lunches for 1 million and where market distortions rule.
Karl Polanyi on Unfettered Capitalism (tags)
Karl Polanyi condemned profit greed and deregulated markets. Today's capitalism critics are his heirs and don't know it. An unfettered capitalism is responsible for the world coming out of joint. "Finance capital was put in the driver's seat."
Capitalism and democracy: what if we have it backwards? (tags)
Post-capitalist Perspectives (tags)
Capitalism is winning to death. The exit from the overheated machine of capitalism represents an enormous challenge. We cannot avoid the question about common property in the search for alternatives.Can greater social equality be achieved without changing property relations?
Social Policy as Social Infrastructure (tags)
Work and income must be uncoupled. In Germany, thanks to higher productivity and information technology, 30% more was produced from 1970-2010 with 30% fewer workers. Demonizing China will not resuscitate the Rust Belt. Social policy is crucial.
Survival instead of Profit (tags)
Capital is a powerful machine of commodification. Since the capitalist market economy became autonomous and "separated" from society, capital has only functioned according to its own laws, the impersonal laws of profit and accumulation.
The Welfare State in Crisis (tags)
Since 2008, crisis was the defining political theme. "No one should be fooled about the majority will of the population regarding taming wiled finance capitalism. The system could only be bailed out from collapse with taxpayer guarantees." (Habermas 2010).
A society of social descent, precariouisness and polarization has emerged out of the society of ascent and social integration. The modern age continues developing but backward. The social state, is a de-commodifying institution since it socializes risks.
Karl Polanyi - Still Actual 50 Years After His Death (tags)
Karl Polanyi was the author of "The Great Transformation." As in Polanyi's times, the absurdity of the market utopia must be made clear and confronted with social reality. Freedom and democracy are goals to defend, not markets.
How Neoliberalism Gained Hegemony (tags)
The pressing question is why do the masses vote against their own interests and applaud those who champion goals opposed to their well-being or welfare? Ideas prevail because power is on their side, not because they are better. Neoliberalism went from sect to cultural hegemony
Self-Determination Means Market Determination (tags)
We face the continuing dissolution of traditional types, forms and rules, not a new type, a new form or a new rule... What was once called estrangement or objectification should appear as workers' own interest. .. Karl Polanyi spoke of a dis-embedded economy.
The "Great Transformation" of the 21st Century (tags)
An end of the Great Crisis is not insight at the beginning of the 21st century... The regime of finance-market driven accumulation has not brought forth any new formation of capitalism capable of development.
The Competition Ideology - the Greatest Evil of our Age (tags)
The competition ideology has been hammered into our heads for thirty years. Claiming better outcomes are generally realized when everything is poisoned by the competitive is pure ideology. Competition that exceeds the limits of its useful fields orders murderous measures.
Freedom without Equality is Only Half Freedom (tags)
Social security guaranteed by welfare state institutions ensures security and freedom. Security is one of those resources that guarantees autonomy. Whoever can lead life free from anxiety is freer. Material privileges lead to a privileged access to power. Wealthy lobbies can buy laws today and normal citizens feel cut off.
In the Towrope of the Financial Markets (tags)
"High growth has a well-known hook. Surpluses are only possible when natural resources from clear water to rare earth are available, when the energy supply is guaranteed and when the pollutant sinks are sufficient.. The debtors are now those states that had to become indebted.."
"Nature and people are `fictional commodities. When they submit completely to market mechanisms and when markets are not regulated, this leads to people dying who don't find buyers for their labor power..."
Causes and Consequences of the Financial Crisis (tags)
The neoliberal restructuring and globalization of capitalism has led to states becoming the spoils of financial capital. The neoliberal program is enforced with the help of states. Governments only react to the conditions set by the economically powerful. This is the end of politics.
"The “Great Transition” is meant to echo the phrase used by Karl Polanyi, The Great Transformation, the title of Polanyi’s important 1944 book describing the shift from the world of the commons to that of the total market order..."
Life after the Peak: Capitalism and the Market Economy (tags)
All over the world there are experiments with renewable energy, solidarity economies and non-profit economic forms. A growth acceleration law will be absurd when fossil energy runs out. We will need a growth de-acceleration law.
The Financial and Economic Crisis as a Normative Orientation Crisis (tags)
Prof. Ulrich presents three core theses: (1) Economics is not an end-in-itself but the means to the good life and human coexistence. (2) There is no "free" enterprise system free of ethical and political prerequisites. (3) The need for emancipatory economic citizenship rights.
Can a Person Own HIs/Her Mother? (tags)
No one can own what exists in nature except nature. A human cannot own its own mother. However western ownership systems have been forced on us again and again that contradict our worldview and our values. Ubunto is another example: "I only live when you live."
Capitalism and Democracy (tags)
Citizens are protected from incursions of the state and on the other side must accept the sovereignty of the state and the general law as prerequisites of property and security. Whoever has visions should be the physician. A good physician will urge changing one's way of life.
Global Sweatshop Wage Slavery (tags)
Worker exploitation in America and globally
Review: Karl Polanyi-How the State Created Capitalism (tags)
In "The Great Transformation" (1944), Karl Polanyi deconstructs the myth of a free market economy that develops naturally and spontaneously and the idea of the state as a counter-pole to capital. The transformation of labor and land into commodities was a painful process.
Post-neoliberalism or post-capitalism? (tags)
"Market-liberalisation was accompanied by a far-reaching de-regulation of politics. Milton Friedman called it a “neo-liberal counterrevolution” against Keynesianism..."
The Re-Nationalization of World Politics and the End of the Liberal Era (tags)
The empire has cut off its umbilical chord to the nation state and is no longer territorially limited..The US under George W Bush strives for a global monopoly.. Naked imperialist policy now replaces liberal globalization.. The US is resolved to undermine the existing world system.
Preventive War, Common Security and the State (tags)
Does the return of preventive war as a "norm" of international relations take the world back to before July 1914, and if so, what are the likely consequences? What does this tell us about the state system and the prospects for human survival?
The Appetite of Leviathan (tags)
Money replaces the `cosmos' as the unifying social characteristic. Every pack of wolves is more socially organized than free enterprise persons..The little monsters should be tamed by the enormous monster"Leviathan". The state share has increased everywhere.