The President as Businessman (tags)
Trump's gigantic tax cuts will only benefit the rich. Revenue losses of six trillion dollars are expected for the first decade after the Trumpian tax cuts start. Trump sells the illusion that the old order can be restored.
For 40 years, the Bremen study group has published memorandums. The council of experts promoted the profits of businesses, not aggregate economic demand. Mass unemployment surpassed the 5 million mark because of neoliberal structural reforms.
Why a Global Wealth Tax Reduces Inequality (tags)
The distribution of income and assets is one of the most controversial themes today. History teaches us that economic forces press in different directions - either to more equality or away from equality. Which will prevail depends on what political decisions we make.
On the Death of John Kenneth Galbraith (tags)
The great economist John Kenneth Galbrath was shocked at the public squalor alongside private affluence. He devised the horse-sparrow theory, horses must be fed so the sparrows can live. A healthy economy means shrinking the financial sector and expanding the public sector.
The Financial Crisis and the Failure of the Modern Economy (tags)
The US government debt shot up from 2.9% in 2007 to 5.9% in 2008 and 11.9% in 2009. At the summits of Washington, London and Pittsburg, the goat was made the gardener. Ineffective rules were resolved that hardly helped regulate the financial markets.
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
Paul Samuelson Attacks a Dogma (tags)
The best-known economist of the world doubts that shifting services to india and buying cheap goods from China bring advantages to Americans when the income of workers falls through foreign competition. The rich North will lose its monopoly profits under the conditions of globalization.
"The Market Has No Heart": Paul Samuelson (tags)
A post-Katrina economics must emphasize parallel worlds, solidarity and human dignity to safeguard long-term necessities and creativity. If all countries only become more competitive, mass unemployment will result. What is public must remain public.
Criticism of the Social State is Irrational (tags)
"Paul A Samuelson, an important economist of the 20th century, worries about the state of the US economy. He fears falling wages..`We in the US are on the way to a plutocratic democracy. Neither Bush nor Kerry can stop outsourcing'."