State Indebtedness: The Beloved Enemy (tags)
"The slow one now will later be fast as the present now will later be fast." The state unlike the Swabian housewife can become indebted to invest in a more social and more human future. All personal and corporate profit depends on state investment in roads, schools, food safety etc.
Can Keynes Rescue Europe from the Euro Crisis? (tags)
Keynes' theories and concepts were pushed back with the rise of neoliberalism in the 1980s. A complete change of course occurred when state spending cuts, lower wages and devaluations failed. The state spent money to create demand for products and services.
Five Minutes with Noam Chomsky: The Euro Crisis and the Welfare State (tags)
"Europe’s policies make sense only on one assumption: that the goal is to try and undermine and unravel the welfare state. And that’s almost been said. Mario Draghi said that the social contract in Europe is dead. Perhaps not ‘dead’ but under attack."
Crisis Economic Conditions (tags)
class war