Ethics and the Profit System: Global Change of Values Necessary (tags)
Profit-making is not profit-maximizing. From the magic word profit-mongering is derived the absurd unequal distribution of wealth, cheating of consumers, the exploitation of workers and ultimately the abolition of democracy. An invisible hand makes business profit into common good
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.
Capitalism and Its Crisis Proclivity (tags)
The liberal economists of the 19th century claimed no crises could occur in capitalism since every supply creates its demand. On the other hand, Marx and Engels recognized early on the causes for crises in capitalism. The contradictions of the accumulation process lead to crises.
US Election: Electing the "Lesser Evil" Obama or an Alternative to Big Business (tags)
In his contempt for people who think they have a right to state assistance, Romney shows himself to be a reactionary capitalist who slept through or represses a whole epoch of human development. Art 25 of the UN Universal Declaration of Human Rights affirms the rights to food and housing.
Obama's Budget Deal: Neoliberal March in the US (tags)
What should be the state's role in the future? What values and priorities should be set in a time when public resources become scarcer under the pressure of state indebtedness? Less state, less support for the unemployed, poor and sick occurs along with a free ride for billionaires and big corporations.
Market Failure Wherever One Looks (tags)
7-8 million jobs lost in two years, 150,000 public sector jobs lost in September, are signs of total system incompetence. It's time to redefine state and market and adopt alternative economic policy with reduced working hours and infrastructure investment.