Reflections on the Political Crisis and Right-wing Populism (tags)
The policies of neoliberal globalization have driven an enormous strengthening of transnational corporations and finance capital, and at the same time the division between rich and poor, between the top "1%" and the rest of the "99%"[28].
How is Corona changing the world of work? (tags)
What was born out of necessity is to become the new standard: The pandemic-related expansion of mobile work is leading to considerations to change the organization of work, to change business areas online. In addition to savings in real estate and travel costs, companies also expect this to increase flexibility.
How is Corona changing the world of work? (tags)
Exceptional situations do not necessarily have to be handled in an authoritarian manner; efficiency does not have to be generated in command structures. Independent action by employees becomes productive in democratic structures - perhaps the Corona crisis has also triggered processes that go in this direction.
Capitalism as the religion of indebtedness and debt (tags)
In capitalism, the fundamental social relation is neither exchange nor production. Rather, it is debt that dominates and supersedes every other way of recognizing and valorizing the measure between people. Those who have money are creditworthy, manifesting the sign of God's grace.
The long struggle for a post-capitalist society (tags)
The (Corona) crisis has relentlessly exposed the inability of neoliberal capitalism and its political personnel to meet the elementary needs of the people. Even if it is not felt to the same extent in Germany due to the depressing political conditions: the neoliberal offensive is in a deep existential crisis.
From Enlightenment to Counter-Enlightenment (tags)
Brilliant minds elevated "the market" into a "higher being" of the post-modern age to which we must submit. The primacy of the market replaced the primacy of politics. Dr. Schulmeister is an economic researcher in Vienna whose latest book is "The Road to Prosperity" (2019).
Is the Financial Crash 2.0 Coming? (tags)
Market ideology has been on the advance since the 1980s. Only a few voices warned of the risks and instability of the liberalized financial markets. After they profited from the generous bailout packages, the banks began to speculate against the most indebted countries.
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
Economic Crises as Sicknesses and Catastrophes (tags)
The 2008 financial crisis is often wrongly described as a "state debt crisis" where cause and effect are inverted and economists and the market are released from responsibility. Sickness and catastrophe metaphors dominate discussion
Learning from Roosevelt: HIs "New Deal" (tags)
The Civilian Conservation Corps helped overcome the basic pessimistic mood in society. Within a few months, 500,000 young persons had hope again. The government should intervene in case of an economic emergency.
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.
Liberating the Economy from Prejudices (tags)
Economics is not an immutable unchangeable fate but a human system where changing rules changes outcomes. James Galbraith and Joseph Stiglitz are two well-known economists who question the myths of conventional economics, the self-healing, efficient and deregulated market
Ten Theses on the Crisis and its Solution (tags)
Problems don't disappear when they are ignored. Deregulation is a collective and political crisis. Language and democracy are endangered when arsonists are called firefighters, when private losses become public losses and crime in the suits is normalized as a business model.