fix articles 3089, growth
Learning to shrink (tags)
An economy that does not grow can nevertheless always change and even improve in the process. It can become more ecological, for example. Last year, for example, CO2 emissions fell by almost six percent - more than at any time since the Second World War.
Shrink or Die? (tags)
Shrinkage means the voluntary downsizing of the national economy, including a reduction in gross domestic product. "Voluntary" here indicates a preference for voluntaristic solutions - though not as individualistic and unplanned where well-to-do opt out of the consumerist market model.
Austerity's Hidden Purpose & From California Economics to Bidenomics (tags)
For governments pursuing austerity, spending cuts mean lower national income and fewer taxes. Unlike a household or a business, if the government cuts its spending during tough times, it is cutting its revenues, too.
Who are the 10 Biggest Pandemic Profiteers? (tags)
The combined wealth of the nation’s 657 billionaires increased more than $1.3 trillion, or 44.6 percent, since the pandemic lockdowns began. [See Master Table] Over those same 12 months, more than 29 million Americans contracted the virus and more than 535,000 died from it.
Austerity and Corona (tags)
The Corona crisis is currently overshadowing three crises that are also currently being - covertly - negotiated: First, an economic crisis since the fall of 2019. Second, the crisis in municipal finances Third, an investment crisis, better known as an investment backlog.
The Cure is the Sickness, 2001 (tags)
"Good policy" in the sense of the Washington Consensus can be paraphrased with these ten principles. The key to development successes lies only in a correct policy mix. Development backlogs, continuing poverty and so forth are referred back everywhere to "bad policy".
Why capitalism compels renunciation and we could work less (tags)
How much human and natural resources are squandered on taxation, trade and advertising, how much on labor administration, justice, police, prisons, armaments, military? How many people work overtime without end, suffer heart attacks and burnout, wear themselves out in the brutal competition?
New Prosperity. Is a paradigm-shift necessary given the limits of economic growth? (tags)
Politicians and economists have adhered to the principle of steady growth. One possible explanation may be that "central areas of society, politics and the economy.... are existentially dependent on constant growth"
How should our economy grow? (tags)
If, on the other hand, the inequality distribution is reduced via increased spending on education, positive growth effects may result. In addition, too much inequality can destabilize the political system through social unrest, creating great uncertainty for investors, for example with regard to the protection of property rights.
Trump has no concrete strategy for restoring economic growth or for defeating CoViD19 (tags)
Trump is faking it on the economy, just as he’s faking it on the pandemic, just as he’s faked everything his whole life
We cannot repay the Corona debts (tags)
Now there are exactly two ways to revive the economy. The first and best option is to push back the neo-liberal agenda, strengthen the trade unions...If we do not succeed in pushing companies back into the role of debtors, the economy cannot function w/o new state debts.
On the Power of Money: Three by Eugen Drewermann (tags)
Only faith (as in a religion), the "invisible hand," the "law" of the "free" market can judge everything. State interventions can only be annoying. The market itself is allegedly "social". Everyone acts according to his advantage. The system is not social but criminal and unjust.
Don't Panic. Solidarity. Read (tags)
Some experts are sure that the only thing that will stop the virus permanently is for everyone to stay at home for a few weeks. Model China. The drastic quarantine has obviously worked, if you believe the Chinese government, the number of inflected people is decreasing.
Less is more and Tightening the rules for the unemployed (tags)
Gainful employment is just one form of work alongside others such as care work or voluntary work. Here I would like to endorse the model of the 30-hour week... There is a need to expand investment-based active labor market policy.
The Crisis of Democracy (tags)
Decisions affecting social development are in the hands of private investors and state policy depends on their actions. The increasingly unequal income and wealth distribution was the result of a strategic government policy that reacted to a capitalist crisis.
Driven to Consumption and Money out of Nothng (tags)
Growth originally created a material prosperity about which earlier generations could only dream. However, more economic growth does not lead to people becoming happier. We are prisoners of a system that forces us to permanent growth. Banks create credits.
Oversight Board Reviews New Fiscal Plan for Puerto Rico (tags)
Puerto Rico's oversight board reviews a new plan on economic growth and debt payments to the island's creditors in San Juan today.
IMF Lowers Global Growth Projections and Raises Concerns of Financial Crisis (tags)
Bali, Indonesia - The International Monetary Fund released the World Economic Outlook Report and lowered global growth projections to 3.7 percent for 2018 and 2019.
Capitalism and Worldwide Inequality (tags)
Thomas Piketty's motto "Inequality is always a problem when it is excessive" introduces the new World Inequality Report. Inequalities of income and wealth swell globally and in individual regions and nations.
Capital as Climate Killer (tags)
The growth pressure of the world economy makes a resource-sparing social order only possible beyond capital. The seeming rationality of capitalist goods production serves an irrational end-in-itself - the multiplication of capital.
More Public Investment is Sensible and Necessary (tags)
Low-interest rates should create possibilities for expansive budgetary policy. Public investments in the infrastructure and education could benefit future generations by helping raise long-term prosperity and well-being. The one-sided narrowing of budgetary possibilities is excessive
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth.
China's 6.9% Growth: The Superiority of the Plan (tags)
China has brought hundreds of millions out of poverty in only three decades thanks to the opening of the economy. In 1978, 90% of the population lived below the absolute poverty line of $1.90 a day. Today, there are `only' 43 million, three percent of the population of 1.4 billion.
Prohibiting Micro-Second Betting on the Exchanges (tags)
The financial sector that has gone off course should serve the real economy again in the future. The exchange functions like a gigantic casino. Throwing some sand int he gears with a transactions tax would slow down the speculation.
Puerto Rico Governor and Oversight Board Spar on Fiscal Plan (tags)
The certification of a plan to get Puerto Rico out of debt and back to economic growth was delayed again this week.
Unemployment and New Ways (tags)
The rise of unemployment worldwide has reached unparalleled dimensions. In 1999, 700 million were affected. The neoliberal economic theory promotes the prosperity of the rich, not society as a whole. Profit maximization is often the only goal. Reducing working hours is vital.
Living Together Differently! (tags)
Modern politics must fight against excessiveness and inequality. All progress narratives have worn out. The cake will not become larger. The perspective of conviviality aims at abundance, not at tightening belts..
Working Digitally in Just Economies (tags)
Reducing working hours is an attractive scenario, an optimistic picture of a possible future of society. Less than 2% of German workers labor in agriculture, down from 40% in the 19th century. The future of work is person-related work. The state must intervene with subsidies.
Sharing, not Killing (tags)
Refused sharing and rediscovery of sharing are signs of this time. "This economy kills." So Pope Francis judges socio-economic conditions. Taxing the rich is vital. With additional revenue, workers would not feel threatened by immigrants
What the State Can Do (tags)
The power of ideology is so great it easily creates a distorted perception of facts. Where money is spent is crucial, not the size of the public sector. The Internet, the touch screen, semi-conductors and the GPS were developed with state risk capital. Tax havens cause revenue shortfalls.
Why Tax Cuts for the Rich Solve Nothing by Joseph Stiglitz (tags)
In a country with so many problems – especially inequality – tax cuts for rich corporations will not solve any of them. This is a lesson for all countries contemplating corporate tax breaks – even those without the misfortune of being led by a callow, craven plutocrat.
Limits to Growth Published Forty Years Ago (tags)
The MIT scholars under Dennis Meadows came to four core conclusions: 1) there are limits to economic growth on finite planet, 2) the economy and population are growing exponentially, 3) exceeding limits will lead to collapse and 4) collapse could be avoided by turning from growth
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
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.
Neoliberal Austerity Leads to Deeper Crisis (tags)
A high state share in the economy, developed social states and readiness to intervene actively and anti-cyclically prevent falling into a depression. Trump's demonizing regulation, Medicaid, public schools, Head Start, Meals on Wheels, taxation and democracy must be resisted
IMF Warns of "Protectionism" and Risky Investing (tags)
The International Monetary Fund (IMF) released its bi-annual report on the state of the global economy, predicting that global growth will continue steadily but slowly.
Puerto Rico Oversight Board Holds Economic Growth Meeting (tags)
Puerto Rico's Financial Oversight and Management Board meets in San Juan to discuss economic growth proposals for the island.
Unemployment and Inequality (tags)
"The past will devour the future" if there is no radical change of direction in economic development. That is Thomas Piketty's prediction. Piketty sees the solution in a global capital tax or wealth tax.
Our Beautiful New Clothes (tags)
Neoliberalism seems to create "clothes no one can see" when it mystifies the market and competition and uses the austerity-model, the location-model and the adjustment-imperative or extortion to turn economics into nature.
Rethinking Economic Policy! (tags)
The economic crisis calls for social-democratic answers. The fading mass purchasing power (in Germany) is due to the increasing inequality of income and wealth. Deregulation promotes social problems like precariousness and greater income inequality.
Public Risks, Private Profits and Prosperity (tags)
All personal and corporate achievements are based on state investments in roads, schools, hospitals, community centers, airwaves, food safety, and water quality. The Apples and Googles of this world are businesses that developed the results of state-financed basic research...
Neoliberal Crisis Policy has Failed (tags)
The term "invisible hand of the market" goes back to Adam Smith. This assumes all economic activity promotes the common good. Neoliberalism's survival is surprising because its theoretical assumptions are dubious. People cling to neoliberal prescriptions against reality.
Growth Criticism and Reduced Working Hours (tags)
Today's growth critics speak of the necessity of a post-growth society, a "renunciation society" or at least of a "green" capitalist model... A political transformation process is necessary. The economist John Maynard Keynes dreamt of a time when his grandchildren would only have 15hr wk.
US and Puerto Rico Faith Groups Send Congress Recommendations on Island's Crisis (tags)
Religious leaders in Puerto Rico and Jubilee USA urged a new Congressional task force to reform US laws to promote economic growth in Puerto Rico.
Growing Inequality Harms the Political Economy (tags)
Neoliberalism and finance market capitalism encourage creating money out of thin air, exploding inequality, precarious work and environmental destruction. Wages are not only a cost factor but an important demand factor leading to either investments or social blight.
The Social State Benefits All of Us (tags)
The social state can on ly fulfill expectations when financed on a broad and just basis. The social state must be adjusted to do justice to the pressing challenges.."The social state is the greatest cultural achievement in the 20th century"
Ignoring the Limits (tags)
This crisis is only another warning shot of the current economic system and offers a window of opportunity to leave behind the neoliberal path of development taken since the end of the 1970s. The root of the problem is the economic model based on growth and exploitation of nature.
Capitalism's growth problem (tags)
Contemporary capitalism has a big problem. And no one seems to be able to refute it. The problem, as Robert J. Gordon sees it, is that economic growth is slowing down, it has been for decades, and there’s no prospect for a resumption of fast economic growth in the foreseeable future.
Oxfam Study: Six Reasons to be Outraged (tags)
Whether inequality harms or benefits was disputed for a long while. It could motivate individuals to more effort and stimulate growth, one side believed. It takes the chances for education and development from those who are poorer, the other said... Money buys power.
Economic Inequality Divides Economics and Society (tags)
An unequal distribution of income paralyzes the whole economy... Redistribution from top to bottom in a national economy ultimately depends on which social groups can enforce their interests more strongly.
Capitalism is the Problem (tags)
Prosperity in large part is based on the ecological and social exploitation of poor countries in Africa and Asia. Today 20% of humanity consume 80% of global resources. The poor are played off against each other while the richest hide billions in tax havens.
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.
Differing Views on China (tags)
Panic Grips Markets (tags)
Living and Working Differently and Self-Optimization (tags)
How did neoliberal policy gain a mass influence? To neoliberalism, we must soon oppose a great alternative narrative of freedom, democracy and solidarity before the social dislocations neutralize the positive resources amid a collapsing world climate.
Greek Bailouts for Creditors, not Economic Recovery (tags)
The Lie of the Weak State (tags)
The good condition of German labor markets is in reality in a catastrophic state...Unemployment is an "act of violence" against every unemployed person and represents an enormous waste for society as a whole.
G7 Finance Ministers Focus on Growth in Face of High Debt (tags)
Washington DC - G7 finance ministers gather in Dresden, Germany, to discuss promoting "sustainable growth" in the face of growing global debt. US Treasury Secretary Jacob Lew is among the ministers gathering. The meeting takes place amid debt crises in the Eurozone and the developing world. The ministers meet after the International Monetary Fund (IMF) reported slow economic growth and increased debt burdens during the IMF/World Bank Spring Meetings. "It's impossible to experience sustainable growth, when wealthy and poor countries are struggling with unsustainable debts," stated Eric LeCompte, Executive Director of Jubilee USA Network, who is in Dresden for the meetings. The finance ministers gathered in Dresden include Joe Oliver of Canada, Michel Sapin of France, Wolfgang Schäuble of Germany, Pier Carlo Padoan of Italy, Taro Aso of Japan, George Osborne of the United Kingdom and Jacob Lew of the United States. Jubilee USA joined Jubilee Germany in Dresden for several G7 outreach events organized on the growing debt crisis.
US Defense Department's Fabricated Chinese Threat (tags)
Philippine President Aquino no longer deserves any support from workers and trade unions (tags)
THE workers and the trade unions throughout the world mark today the International Labor Day – 125th anniversary globally and 112th celebration here in the Philippines. This historic and revered day has been an enduring and stirring symbol for the working class despite serious setbacks caused by multipronged and systematic neoliberal attacks against the workers, the masses and their organizations, which have seriously threatened to dilute if not totally wipe out the hard-fought sociopolitical gains achieved by the labor movement in the past hundred years or so.
On the End of Capitalism (tags)
The bridge from capitalism to the new "post-growth economy" is lacking. Hardly anyone reflects about the process of transformation...If the climate should be spared, flying cannot be a human right. The R-word will be unavoidable again: renunciation.
Video: Richard Trumka on TTIP (tags)
TTIP represents a crisis for democracy and the constitutional state. Corporations could sue states in parallel private arbitration courts. Labor and environmental regulations could be chilled or invalidated as indirect expropriation.
Myths of Free Trade: Attac Refutes TTIP Arguments (tags)
TTIP and CETA are far more than trade agreements. They help strengthen the power of transnational corporations and weaken democratic institutions. Attac promotes just trade instead of free trade. Labor rights, environmental standards and democracy must have priority...
IMF Reports Debt and Human Crises Drive Uneven Growth (tags)
Global Stability and Economic Outlook Reports Released
Less Growth and Less Work (tags)
French economist Thomas Piketty described neoliberalism or finance capitalism as an "inequality machine." Profits soar and investments are delayed. Keynes spoke of three phases: investments, surplus and stagnation. Reduced working hours is the only way to full employment.
Degrowth - a vocabulary for a new era, 19pp (tags)
From a degrowth perspective, the current economic crisis is the result of systemic limits to growth. It is not a cyclical crisis or fault in the credit system.
Growth, Prosperity and Quality of Life (tags)
"Our understanding of a modern economic and social system is strongly influenced by the phase between 1950 and 1975 when the social market economy was created and democracy was re-stabilized. Since then conditions have changed. New answers are necessary."
Growth Criticism and Social-Ecological Transformation (tags)
Unlike a chair, an idea can be shared by a whole people. Words can be like spears breaking frozen souls. (Kafka) Education is the great transformer (John Kenneth Galbraith). Economics as taught today is like brainwashing. (Ulrich Thielemann) Incentives to investing in the real economy are vital after the phase of credit- and bubble prosperity.
The Catastrophe has Already Begun (tags)
Capitalist growth has become the problem, promotes famines and strangles full employment. Can the world be rescued? Mass unemployment has never lasted as long as today; global problems increase... A change of consciousness is necessary so the population strives for justice.
Public Funds Brought Smart Phones (tags)
All personal achievement would have been impossible without state investment in roads, schools, hospitals, airwaves, health and food safety. The state share is completely faded out in the conventional story about business history.
New York Times: Enemy of Truth (tags)
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment... Public investments could raise economic growth both in the short- and long-term.
Piketty's Big Data (tags)
The empirical-historical analysis of the top incomes and their wealth are in the center with Thomas Piketty's "Capital" (2014). The share of the top 10% was never below 60% from 1917 to 2012. A wealth tax is vital to reverse the exploding inequality.
Monsanto Growth Hormone Causes Suffering To Cows and Disease To Human Beings (tags)
Monsanto, Eli Lilly, Upjohn and American Cyanamid have caused disease to humans and suffering to cows with their mastitis engendering growth hormone.
Fed Ends QE (tags)
2008 Redux? (tags)
TheInheritance of Inequality and Rethinking Growth (tags)
The economy exists for people, not vice versa. Economics should be pluralist, not a monolith. The economy should be embedded in society; society should not be embedded in the economy. Thomas Piketty and alternative economics emphasize inequality and mass unemployment.
Argentina's Christina Fernandez de Kirshner's UN Address (tags)
New Economy and New Prosperity (tags)
Economic structures that form the basis for social prosperity have become dysfunctional. The financial markets have expanded their original function and are now self-financed markets in which protection from risks has become a highly speculative business.
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.
The BRICS: Challengers to the Global Status Quo (tags)
Can the BRICS wrest control of the global economy from the United States and Europe, or will their internal contradictions tear them apart?
TISA: Everything Will Be Marketed (tags)
A new agreement (TISA, Trade in Services Agreement) could privatize drinking water and health care through the back door. The resistance by many non-governmental organizations to the free trade agreement TTIP seems to pick up speed
Wealth as a Problem (tags)
The wealth of others has become more a problem and less an incentive. Capital is blind, Thomas Piketty says. Capital grows faster than the economy. Differences in wealth are inherent in capitalism but do not represent a natural law. A society can accept them or act against them.
Despite growth in the Philippines, labor underscores systemic failure in rising inequality (tags)
Exclusive growth for exclusive group of wealthiest businessmen.
The Middle Class Continues Shriveling (tags)
A century ago people said a progressive income tax would never happen. Today it is reality. The top tax rate in the US between 1930 and 1982 was 82 %. That was a very interesting experiment because very high incomes were covered.
On World Economic Forum on East Asia 2014 (tags)
All Glitz, Nothing New to Solve Poverty and Inequality
After HUge Tax Cuts for the Rich, Kansas's Economy is Foundering (tags)
Things are also getting worse for the neediest people in the state. Brownback’s official response to the state’s poverty problem was a brief report that advocated fighting poverty by encouraging traditional family structures through eight-hour “pre-marital education” classes for couples
Intricacies of economic growth (tags)
Free Internet Book: All on Board: Making Inclusive Growth Happen, 202pp (tags)
An inclusive, democratic society is a vision of a future of generalized security, community centers, free Internet books, exchanging roles, qualitative growth and soft power. Unlike a chair, an idea can be shared by a whole people. Without a vision, people become bones for Coca Cola.
The Two-Speed World (tags)
The new indebtedness is a consequence of the crisis caused by the financial industry-and in no way owed to an excessive social state, demographic change and so forth.. There are many critics of this policy of mastering crisis by flooding the financial markets with fresh money.
Time to act with urgency and determination to improve the lives of Filipino workers (tags)
Philippines: As the country observes the International Labor Day, Akbayan Party would like to draw attention to the inability of the current economic growth to translate into an improvement in the lives of ordinary workers from both the urban centers and the countryside. While the Aquino administration takes pride on the 7.2 % growth rate for 2013, it cannot mask the fact that this growth has been insufficient to curb massive unemployment and poverty.
TTIP: Emperor's New Clothes (tags)
Welfare state achievements, quality and environmental standards as well as consumer interests are up for negotiation..For Austria, an annual jobs gain of 0.06% is forecast...93% of the consultations were with lobbyists.
Philippines: Inclusive growth under Aquino no longer possible (tags)
WITH only two years left in his term as he now enters his fourth year in office, President Aquino could now be described as either unwilling or unable to make the country’s much-hyped economic growth inclusive.
The Neoliberal Model: Profits without Investments (tags)
According to the neoliberal myth, higher profits would lead to more investments and more jobs. In truth, higher profits lead to corporations buying back their stock and currency speculation. In truth, higher investments lead to higher profits.
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
Filipino Farmers to Aquino: Make Land Reform a Development Priority (tags)
Philippines, March 2014 -- With less than four months remaining before the upcoming “death” of the Comprehensive Agrarian Reform Program (CARP)’s land distribution component on June 30 2014, 300 farmers from the Save Agrarian Reform Alliance (SARA) today trooped to Malacanang, calling for a drastic acceleration and overhaul of the implementation of the land reform effort.
TTIP: International Mega-corporations prevent social and ecological globalization (tags)
In the reality of international monopolist competition, narrow economic profit interests dominate to the disadvantage of broad prosperity gains. Protection of foreign mega-investors before indirect expropriation leads to a dispossession of nation state democracy.
In the Whirlpool of Deregulation (tags)
The economy changed from real- to finance capitalism since the 1970s. This was not an accidental development. The economic researcher Stephan Schulmeister sees a pattern where deregulation created problems that were fought with more deregulation.
Comment on Keystone XL Pipeline - Open until March 7, 2014 (tags)
Building pipelines means abandoning a decent infrastructure. European train do not derail all the time. They have invested in the infrastructure and a longer horizon that saves money and prevents environmental degradation. Vancouver B.C. has 26 community centers!
The One Cartoon That Explains Just How Screwed America Is (tags)
Education is the "great transformer" (John Kenneth Galbraith). The only way to solve the three crises of mass unemployment, environment destruction and trade imbalance is to shift to qualitative growth from quantitative growth. A job in education costs 1/10 a job in industry.
Our Triple Jobs Problem (tags)
First, even as unemployment has inched down, the economy has created barely enough jobs to match population growth. Second, this enormous labor-market “slack” has stifled workers’ bargaining power and kept wages low. Third, policies over 30 years have undermined workers
Unprecedented Inequality Under Obama (tags)
Neoliberal Rollback (tags)
Both Germany and the US seem locked into unsustainable models. The Alternative Economic Policy study group has been publishing memorandums for 20 years urging a radical change of course: qualitative growth, expansion of public sector and reducing working hours.
Fact Check on Venezuela's Economy (tags)
Market Euphoria During Troubled Times (tags)
Stop the TTIP - Elephants-Marriage! (tags)
TTIP Is old wine in new wineskins. Free trade- and investor-protection prescriptions from the 20th century according to the style of the WTO are not solutions for current challenges. A transatlantic partnership for social-ecological transformation would look very different.
Chemotherapy Increases Cancer Cell Growth, Kills Healthy Cells (tags)
New research from Fred Hutchison Cancer Research Center in Seattle shows that chemotherapy damages healthy tissue around tumors and causes cancer cells to become resistant and using damaged DNA of healthy cells to create cancer "super" cells that grow faster than before treatment. The pharmaceutical industry monopolizes the treatment field with toxic chemotherapy while using their FDA puppets to suppress lower cost yet more effective alternative treatments currently only available outside the U.S. and at great cost to patients.
Capitalism is not the Opposite of the State (tags)
Without the permanent intervention of the state, there would be no functioning capitalism. No economic branch depends on the state like the financial branch The deregulation was based on the trick of slandering state regulation as strait-jackets.that could strangle the economy.
2013 UN Trade and Development Report, 186pp (tags)
Reverting to pre-crisis growth strategies cannot be an option. The Report notes that to adjust to what now appears to be a structural shift of the world economy, fundamental changes in prevailing growth strategies are needed.
Filipino workers challenge to Aquino (tags)
Three years ago, President Aquino promised to substantially reduce poverty, create quality and secure jobs, and end the reign of impunity, among others. He promised “inclusive growth”. Workers have had enough of these broken promises.
Austerity Policy Leads to Low Economic Growth, 43pp (tags)
This IMF Working Paper published on January 31, 2013 was co-authored by the chief IMF economist Olivier Blanchard. The IMF erred in its fiscal multiplier in estimating the effects of state spending cuts in deficit countries. The paper was greeted by silence in Germany and the US.
10 Theses about the Crisis: Ingo Schulze (tags)
German novelist Ingo Schulze's 2012 "Our Beautiful New Clothes" explains how we have accepted the form without the substance of democracy. People accepted the emperor's new clothes until a child cried "but he has nothing on." Maybe Hans Christian Anderson can help us.
Less Growth = More Happiness (tags)
The question about alternatives to the dominant western model of life and greowth becomes increasingly urgent together with the looming-or already occurred-surpassing of Peak Oil. New measurements of prosperity include life satisfaction, access to health care and education
Society of the Few (tags)
People still believe in the “faster, higher and bigger.” This fiction is maintained through over-chemicalization, over-technization, genetic manipulation or simply bribery of the judges. People lie to themselves.
Asset Distribution and the Financial Crisis (tags)
A perverse system arose out of the interaction of deregulation of the financial system and polarization of asset distribution. A reform of the financial system can only be part of the repair of the system. When wages grow again with productivity, an economic balance will be possible
The BRIC - States: World Economy on a Silk Thread (tags)
In 2013 for the first time since the beginning of European industrialization, the production volumes of the threshold- and developing countries will surpass the volumes of the triad. Sinking real investments is true for all `developed' countries.
Another Dismal Jobs Report (tags)
Growth Euphoria and Distribution Reality (tags)
The chasm between poor and rich opens even more. The uncoupling of growth and quality of life on one side and productivity and work volumes on the other side make clear that "business-as-usual" leads to growing problems. German GDP grew 300% with 20% fewer workers.
New BRICS Development Bank Announced (tags)
"We need a new economic balance" (tags)
If the US removed the cap on social security taxes, public spirit and generational fairness would return to the states. At present, there is a cap at $106K. If you make $4 million, you only pay social security tax on the first $106K.
More Economic Straight Talk (tags)
The Great Tax-Cut Experiment and Corporate Taxes as % of Profits (tags)
Comparisons with Other Countries: Americans pay a smaller proportion of total income in taxes than do people in any other advanced capitalist economy. as in Western European countries.
US Economy: Troubled or All's Well? (tags)
Vulgar Materialism: The Madness of Growth and the Casino (tags)
Renouncing on growth or tolerating a shriveling economy is hard. Greece is a shocking example. Many people cut down the last trees because they could not afford heating oil. Nature is the first victim in an economic crisis. Whole generations are traumatized.
Barry Commoner (1917-2012) (tags)
The economic theory of socialism does not demand an unlimited growth. The capitalist agrarian economy and industry wear out the two exclusive sources of wealth: the earth and workers. Capitalist accumulation and the finite earth are in contradiction.
"Change of Direction": James Galbraith (tags)
The economy should be a part of life, not a steamroller crushing self-determination and creativity. The time is right for alternative economics, access instead of excess, enough instead of more and qualitative growth instead of quantitative growth.
From Financial Crisis to Stagnation: An Interview with Thomas Palley (tags)
"The way economies are organized and function is significantly the product of social choices, not the product of nature. Over the past thirty years we (society) have embraced a set of economic ideas..."
Stagnation, not growth, is the norm for mature capitalism (tags)
The dynamics of a mature capitalist economy result in stagnation and financialization, creating deepening inequality.
Why UN Climate Agreements Fail (tags)
History will undoubtedly deliver the harshest condemnations of the UN climate talks currently underway in Doha, Qatar. But the conference was laughable before it began; the inept “goals” of the talks stand in tragic-comic opposition to what we already know about climate change — that the climate has already changed in profound ways and its trajectory spells doom for civilization if drastic, coordinated steps are not taken in the immediate future.
Free Internet Book: "The World Crisis" (tags)
Once the source of hope, the US is often a source of fear. Closing most of the 700+ bases would be a step from empire to republic. Security is a political and social challenge, not only a military project. Development should be a right, not only a hope and a promise..
Against Growth Mania and Fair Redistribution (tags)
How can we rebuild our society so we manage with less growth and not collapse when growth does not occur? Consumption beyond a certain level is pathological, a compensation or substitute for missed life (cf. Erich Fromm).
QE Shell Game (tags)
Money Printing Madness (tags)
Right to Rent and Social State as Prosperity Motor (tags)
The Scandinavian countries show that more social equality can be combined with more education and economic growth and less unemployment and poverty. Humanity is rich when wealth is shared.
Repaired Shoes or New Shoes (tags)
The economy demonstrates-in the Marxist sense-its primacy over politics. Whose interests are realized? New holes opened up after every bailout action in the last four years. Greece is only the tip of the iceberg. The debtor is not to blame for the disaster.
Philippines: Sorry state of labor presented in pre-SONA forum (tags)
Workers groups today presented the “sorry state of labor” in a forum that served as a buildup activity to the coming counter-SONA protest on Monday. “In his forthcoming SONA (State of the Nation Address), President Benigno Aquino III (P-Noy) will boast of his administration’s so-called inclusive growth. But to workers and the poor, GNP growth only means more ‘Gutom Na Pilipino,’” averred Renato Magtubo, national chair of Partido ng Manggagawa (PM - Labor Party - Philippines).
Dismal Jobs Report Reflects Economic Decline (tags)
Europe in Crisis (tags)
Austerity has never worked (tags)
It’s not just about the current economic environment. History shows that slashing budgets always leads to recession [...]
Crisis Economic Conditions (tags)
Debt Tribunal and Green Socialism (tags)
Qualitative growth, breaking out of the box of quantitative growth, is the key to solving mass unemployment, environmental destruction and trade imbalance. A job in education costs 1/10 what a job in a chemical dye plant costs. The media is part of a system that refuses change.
Greece Reflects Growing Economic Turmoil (tags)
Shaky Economies (tags)
America's Fiscal Cliff (tags)
The Error is in the System (tags)
The financial crisis mutated into a global economic crisis and a state debt crisis. The financial crisis was not a "bump in the road" or an industrial accident but a systemic and structural crisis that caused $11 trillion of wealth to vanish while millions lost their jobs. homes and pension
Capitalism Doesn't Need Democracy (tags)
The minority of a minority have seriously damaged the public interest for personal enrichment. The community itself is culpable for not resisting its plundering.and choosing representatives that defend its interests.
Forecasting Economic Decline (tags)
Surveyiing Utopia (tags)
Raul Zelik and Elmar Altvater discuss the nature of utopia, economics, how growth and work become fetishes, how what is rational in micro-economics can become irrational in macro-economics, time prosperity and how Marx recognized the contradictions in capitalism.
Grim 2012 Economic Outlook (tags)
Mary's Revolt for Life (tags)
The civilization made and guided by men seriously threatens survival on the earth. The song of Christmas is not a sweet lullaby but a feminine rebellion against the world of death worshipers. The gifts of this earth do not belong to us.
Money Power World Rule (tags)
America's Weak Jobs Report (tags)
Better Instead of More (tags)
Economics could be a part of life, not a steamroller crushing self-determination and creativity. Economics changes with the times. Once saving was the elixir and then spending was the elixir. Frank Rotering in "Needs and Limits" discusses "ecological overshoot."
Book Review: "The Great Crash or the Century Crisis" by Elmar Altvater (tags)
Capitalism is at an end and the whole world is drawn into the mess. Preventing this is an ethical imperative and a political duty. The multiple crisis has dragged on for years. The political class allows this to happen. Political answers to the debacle can only be found with clarity on causes.
Seven Billion ... And Rising (tags)
The world’s population surpassed 7 billion on October 31. But except for perhaps the anti-family planning lobby, this was a milestone that few were in a mood to celebrate.
Obama's Depression (tags)
Imploding Bubble Economies (tags)
Stagnation as a Trend-Life with Satiated Markets, Stagnating Economies and Reduced Work (tags)
45 years ago JKGalbraith was shocked at the public squalor alongside private affluence. In 2008-10 trillions were given to banks and Wall St. so private losses became public losses. By relieving corporations of taxes, neoliberal supply side strategy worsens growth and employment.
The Truth About "Class War" in America (tags)
According to the myth, higher profits lead to greater investments and more jobs. In truth, higher profits lead to speculation in foreign currencies and corporations buying back their own stock. In the 50s and 60s when the top tax rate was 90%, job creation and growth occurred.
Hard Times Getting Harder (tags)
The Game with Ignorance and the Growth Panacea (tags)
A world wide economic and financial order decays to a pure end-in-itself and no longer serves people. A system build on an ideology in which everything-even the person-becomes a product is legitimated by apologists who trivialize derailments of social life as "normal."
From the Debt Showdown into Recession (tags)
The scenario of an economic double-dip is very likely without additional economic measures. The budget cuts may bring about a recession. The republicans in Congress threaten to concoct an economic crisis if they are not allowed to cut spending. Our greatest problem is low spending.
Economic End Times (tags)
Rude Awakening (tags)
Heading for Economic Ruin (tags)
Working America's Dismal State (tags)
IMF Financial Terrorism (tags)
Fukushima Mon Horreur - The Dream of Economic Reason Gives Birth to Tremendous Catastrophe (tags)
In "Anti-Duhring," Frederick Engels explained that nature also has a history and that capitalism tends to destroy its own foundations and nature. The negative is bound to the positive as conservation of energy is bound to transformation of energy.
Public Banking: An Idea Whose Time Has Come (tags)
"Beyond Growth" congress in Berlin, May 20-22. 2011 (tags)
A "Beyond Growth" congress will be held in Berlin, May 20-22. 2011. The driving forces of growth, the limits of growth, the crisis of the work society, an economy beyond growth, justice and the globalized world, sharing and the good life will be discussed.
America's Terminal Decline (tags)
Prosperity without Growth (tags)
Production cannot increase forever. For the developed economies of the western world, prosperity without growth is a necessity and not a utopian dream any more. See the links to five free Internet books..
Planet could be 'unrecognizable' by 2050, experts say (tags)
A growing, more affluent population competing for ever scarcer resources could make for an "unrecognizable" world by 2050, researchers warned at a major US science conference Sunday.
The Shift of Power to the East and South (tags)
The shift of political and economic power from West to East and North to South and the rapid development of technological innovations have created a completely new reality..The claim of the US and Europe to being masters of the universe must be ended.
The End of the "Golden Age" of Capitalism and the Rise of Neoliberalism (tags)
"The central point is that the financial sphere has the potential of developing into an autonomous subsystem of the whole economy with an enormous capacity of self-expansion..Like cancer, it has no internal control mechanism. It can only be brought under control by external interventions"
Growth Madness (tags)
The history of the crisis of the western world that we all experience more or less consciously or unconsciously (or partly ignore) is a history of boundless lobbylism, political corruption, market fetishism and unbroken faith in growth..Economic theories were and are children of their time.
True and False Causes of the Financial Crisis (tags)
If we can produce enough for all in superfluity-and we are already technically in this position-why must the whole enormous social wealth be squeezed through the needle of buying and selling, money, profit and growth? We all deserve something better than capitalist crisis economy.
New Numbers for Progress: Alternative Growth (tags)
The GDP measures the wrong things and conceals destruction of the environment, unhappiness and injustice. Politics tries to force up the gross domestic product. But what if this standard does not measure the right things and leads to a misguided policy?
Reduced Working Hours (tags)
The neoliberal growth strategy ofr reducing the price of labor led to a system change from Keynesianism to neoliberal capitalism. Neoliberals never sought full employment. Rather their policy aimed at the permanent division of society.
More on Obama's Capitulation and Betrayal (tags)
capitulating to Republicans
Free Internet Book: Enough is Enough! (tags)
Have you had enough of infinite growth, environmental destruction, currency wars, vulgar materialism, social cuts, generalized insecurity and resource wars? How can anyone say the left has no alternatives to the status quo? Download the 10-page summary or the 130-page report.
American Style Free Trade (tags)
nothing fair about free trade
Quantitative Easing: Elixir or Poison? (tags)
QE indeed poison as being used
Eight Theses on the New Culture of Work (tags)
Person-oriented work and labor-intensive work are vital in a post-industrial economy wrestling with decreasing resources. Work and security must be uncoupled like work and income. Reducing working hours is the only way to guarantee the right to work for all.
The Struggle for a Workers' Recovery (tags)
Stocks are booming; the Dow Jones soared past 11,000; the very wealthy are bursting from their financial seams. Meanwhile, mass unemployment continues, with 95,000 more jobs -- mostly teachers -- lost in September. As millions of Americans sink into desperation, President Obama continues to preach the good word of optimism, based on the gospel of "private sector job growth."
" IT'S THE ECONOMY STUPID " GOT HIM ELECTED BUT NOW THE INTERNATIONAL POOR COME FIRST .... (tags)
THIS ONE WORLD GOVERNMENT MENTALITY IS SO OBVIOUS THAT ANYONE BELIEVING THAT OUR AMERICAN ELITE CARE ANYTHING ABOUT OUR OWN AMERICANS OVER THEIR GODLY$$ IS A FOOLISH DREAMER...
"Severe Austerity Programs will have Catastrophic Consequences" (tags)
"Instead of real growth, the financial sector has only promoted phantom growth. The state functions differently than a family. Less should be spent for unproductive purposes like the wars in Afghanistan and Iraq and unconditional bank bailout packages.."
PHILIPPINES: New Economics for a New Administration (tags)
The dominant feature of the Arroyo administration was pervasive corruption, but its most destructive legacy in the long term will probably be its policy failures. The ascent to power of a new president, backed by a new Congress, provides the opportunity for a fundamental shift in policy in order to end poverty and re-launch the Philippines on the road to development.
True and False Causes of the Financial Crisis (tags)
The jubilant singing about free enterprise as the supposedly best of all worlds sounds much quieter than at the beginning of the 1990s. We urgently need alternatives. This is now a matter of survival. As it was taboo to doubt the rule of the church in the Middle Ages, the thought prohibition of questioning the market economy is in effect.
The Anti-Venezuela Election Campaign (tags)
"The Venezuelan economy was in recession in 2009, but will likely begin to grow again this year. The business press will ignore the economic growth and hype the inflation, as they have done for the past six years, when the country's record economic growth cut the poverty rate by half and extreme poverty by 70% (which was also ignored). Resolutions will be introduced into the US Congress condemning Venezuela for whatever."
The Neoliberal Agenda is Over and The Despised Social State (tags)
Neoliberalism is the political-economic experiment of individualizing social risks and claiming growth and employment will be higher. This claim is refuted convincingly by the global financial crisis destroying enormous assets and causing growth and employment to crash.
Climate Justice, Not Growth Mania (tags)
"In green capitalism, the bio-crisis is at the center of the growth strategy. The Green New Deal represents a kind of ecological inversion of Kennedy's famous sentence: Ask not what you can do for the environment but what the environment can do for you..."
The End of Illusion and the Beginning of the Future (tags)
Elite democracy with its corruption of wealth distribution, language and community is not the last word. The future could be a human future of a social contract, not a war of wolves against each other. Access could replace excess.
The Next Crash is Brewing (tags)
The economic way of thinking enforced for a quarter of century is one of the structural factors that helped this "economy of depression" breakthrough. This dominant doctrine denies the role of demand and concentrates on the problems limiting the supply of goods & services
All Cards on the Table: For a Social Ecological New Deal (tags)
The neoliberal and fossilist finance market capitalism has become a discontinued model. With his New Deal, Roosevelt introduced state pensions, unemployment insurance and the minimum wage, reduced working hours and strengthened unions.
The Earth Has a Fever (tags)
Worldwide 136 cities of millions at the coasts are directly endangered by the rising sea level.. The president cannot win a two-front war against the conservatives.. Over 100 German regions resolved to be completely renewable by 2025.
A New Paradigm: The New Deal of the 1930s (tags)
The New Deal that led out of the worldwide economic crisis in the 1930s was based on the combination of a new technical-economic model with a new socio-economic model. Obama's achievement is not turning the necessity of overcoming the crisis against the social principle
Is Growth Only Possible Through Inequality? (tags)
Does capitalism make the rich richer and the poor poorer instead of creating prosperity for everyone as promised? Inequality declined considerably between 1930 and 1970 in western industrial states.
Potential Impact of Health Reform on the (tags)
Potential Impact of Health Reform on the Cost of Private Health
Satiation or Two Limits of Growth: John Maynard Keynes (tags)
"The first great economic crisis of the 21st century marks the end of a failed political-economic experiment..The past 30 years of redistribution from bottom to top were a glistening epoch for the owners of capital.."
Economic Policy after the Financial Crisis: Keynes (tags)
Keynes saw political control of markets and a distribution and social policy in favor of lower income groups as essential prerequisites of a stable long-term macro-economic development.. Three-hour workdays or a 15-hour week would be enough.
Global Depression and Regional Wars (tags)
economic hard times and wars
"The Open Internet is in Danger" (tags)
The IT-branch is part of the solution. The best solution is balance or eco-social equalization. The Finnish constellation produces the greatest prosperity. Higher prosperity arises out of a state of balance, not under Brazilianization conditions.
The Bubble Machine (tags)
"Crises belong to capitalism as the cyclone belongs to the weather.. A social division went along with the neoliberal turn. The welfare state mutated to a repressive crisis management of a growing mass poverty..Greenspan's dollar glut kindled a global deficit economy.."
BRIIC (with Iran) (tags)
Obama wants to kill three rabbits with a wallop: to isolate Iran, to reduce the space for the Brazilian economical growth and to preserve the leadership of the potency financially ruined.
From a Failed Growth Economy to a Steady-State Economy (tags)
This past week was the United States Society for Ecological Economics bi-annual conference (at American University near Washington DC). Herman Daly was honored for his many and longstanding contributions.
Speculative Hope (tags)
"The logic of the stock corporation leads to all profits ultimately being used to raise the stock price which promotes speculation." The only way to solve mass unemployment, destruction of the environment and trade imbalance is to break out of the system and pursue qualitative growth."
Zhibin Gu: China, India vs West: competition, challenge beyond global financial crisis (tags)
Which nation is to become leader for 21st century, China, US, or India? Are China, India able to move ahead of global financial crisis as next leaders? China moves ahead of India for now, but will China take the lead soon? Are the emerging giants able to beat the US and Europe in the 21st century? Get intense, provocative discussions and analysis on Chinese and Indian politics, finance, management, history and economy.
2015-The Year of the Final Crisis (tags)
"We are victims of an ideology of perpetual economic growth. This growth mania now collides with reality. Ideologies usually seem very normal. For a long time people believed they cou9ld pay ransom for their sins with litters of indulgence.."
From Obsuristan to Absurdistan: Barbarism or Human Future (tags)
Individual security can be emphasized so global vision fades. Half-truths and fish stories carry the day. "Communism is oppression of many by man and capitalism is just the reverse." Our challenge is to reawaken wonder and interdependence, to consider the way of nonviolent resistance.
Better Growth (tags)
We persuaded ourselves permanent economic growth was the answer to all questions. We should now engage in a growth debate about the nature of this growth, not whether we should renounce on economic growth. Increased GDP can mean destruction of foundations in long-term
Zhibin Gu: China vs India: the next world leader? (tags)
China moves ahead of India for now, but will China take the lead soon? Are the emerging giants able to beat the US and Europe in the 21st century? Get intense, provocative discussions and analysis on Chinese and Indian politics, finance, management, history and economy!
Controversial Near South Side Plan Heads To Zoning Committee (tags)
Historic Mitchell, National and Lincoln business districts seen as mix commercial, but the plan failed to acknowledge the present Latino businesses or to enhance their growth along these corridors
global financial crisis, China, India, new world: Zhibin Gu (tags)
Which nation to become new leader, China, India, Brazil, Russia, or US? Is global financial crisis leading to a new world order? How to move ahead in globalized business, jobs, politics, management and wealth? Get new insights and analysis.
Capitalism's Crisis and our Response (tags)
Walden Bello delivered this speech at the Conference on the Global Criusis in Berlin, Marc h 20-21, 2009.
The World To Come (tags)
APRIL 25, LA EVENT FOR MUMIA: Saturday, April 25 at the Southern California Library for Social Studies and Research, 6120 S. Vermont, from 5-7 PM.
Capitalism and Nature: Elmar Altvater (tags)
The capitalist formation of society is characterized by growth fetishism, the notion that boundless growth is socially necessary. Capitalism is historical. "If its beginning is certain, its end is also certain."
The Master of Bubbles (tags)
As the revered godlike head of the Federal Reserve, Greenspan pursued a policy of cheap money. Whenever the financial markets began to correct their own madness, he opened the floodgates for more money..The world stares so intensely at growth that it forgets distribution.
The Great Chance: Basic Guaranteed Income (tags)
How else should the economy and society become more sustainable without a partial turning away from the growth society of more and more? The de-acceleration of work and life is necessary. A basic income could initiate both.
Slouching Towards the Barackalypse; Growth & Climate Change (tags)
As the neoconservative faction of the GW bush regime finally exits D.C., yet is now replaced by the neoliberal faction of the Obama/Clinton administration (not yet a regime until they commit war crimes like GW Bush did), is this simply the other face of our Dr. Jekyll and Mr. Hyde split personality? Will Barack "Nice Guy" Obama now fix the human rights violations and ecological disasters of GW "Evil One" Bush to restore the collapsing U.S. empire? What does peak oil theory say to visions of future economic growth??
The State as Savior (tags)
The state wants to save the banks - why?
Welcome to Finance Market Capitalism (tags)
The financial market escapades must be the problem because capitalism itself cannot be the problem. The state bailout measure prepares the ground for inflationary developments.
KPFK's mother, Pacifica is showing signs of economic...strain? (tags)
Pacifica is doing it's own elimination of good staffers and most of KPFK's subscribers have no idea of what is going on...what is happening to our [we pay for it] stations?
The Wages of Sin (tags)
The deepening economic crisis.
Excesses of Supply Theory (tags)
In Germany, the competitiveness of businesses is still set above strengthening domestic demand. Therefore Germany could skid into a recession. In the US, trickle-down economics, tax cuts benefiting the top 1% and military Keynesianism make the economic future ominous.
Growth and Social Justice: Joseph Stiglitz (tags)
The trickle-down economy does not function. The left understands the market and rhe role the market can and should play in the economy. The right doesn't understand either. The Bush administration is nothing but the old corporatism in a new garment.
Uncoupling Happiness and Consumption (tags)
The promised happiness is not possible through more and more consumption. We tinker with a reality-construction, a "reality of the second order" that represses the "reality of the first order." The "good life" can be very well organized.
Live Small-Economic growth expands into world mess (tags)
Living in this society that worships unending growth, it is very hard not to internalize those goals on a personal level even if one understands that socially and ecologically they are unsustainable and dangerous. Human values and judgment are crucial.
Israel Told to Tackle West Bank Plight (tags)
Israel is under concerted international pressure to give swift agreement to specific measures to improve Palestinian life. Israel is criticized for not doing more to boost the Palestinian economy.
Exponential Growth: A Dogma to be Overcome (tags)
Energy will become more expensive and unaffordable for a large part of humanity. If the american way of life is non-negotiable, the Iraq war will be the prelude and not the end of resource wars. The name of the sickness is exponential growth.
US Patents for HIV AIDS and Patent for CURE (tags)
Here it is the proof... along with this there is thirty years of documentation of the developement and distribution of AIDS as will as who worked on the project..just google the patents...
The End of Capitalism As We Know It: Book Review (tags)
Capitalism needs a pension. The time for a dissolution of the historical phenomenon of this special economic form is overdue. The good old capitalism now appears as a development-brake and catastrophe-accelerator because monopolies are impractical and inflexible.
Super Heroes of the Redwoods (tags)
WOW! With gusts up to 55 miles per hour, it takes a lot of courage and dedication to stay HUNDREDS of feet in the air during hail, thunder, lightning, and severe winds. Even though mother nature and her fury tests treesitting activists, they stay strong in their cause.
Financial Hypocrisy (tags)
After the crisis of 1997, not one important fianncial reform was carried out in the world. Liberalizationof capital markets causes instability and not necessarily growth. In South Korea, the IMF recommended the sale of state banks to US investors.
The Cart in the Speculative Mud (tags)
Liberalizing markets leads to instability, not growth. Developing and thresholdc countries suffer grievously through US speculation. The New Year is a time to abandon myths of American exceptionalism and corporate beneficence, mending our own pockets and footprints.
Arroyo's bankrupt and deceptive economic policy (tags)
Gloria M. Arroyo, the fake president, keeps on babbling that her regime is propelling the Philippines to become a "first world country". She is obviously lying.
Interview with Kurt Richebacher (tags)
"The dangers that loom on the currency front are immense. The US trade deficit and the accumulated foreign indebtedness have reached a scale that defies any possible action by central banks." Dr. Richebacher is a former economist of the Dresden Bank.
Reviewing James Petras and Henry Veltmeyer's "Multinationals on Trial" (tags)
How corporate giants plunder developing nations.
New Growth Aftermath Curve Fire (tags)
New pine tree growth in the aftermath of the Curve Fire
Working Without Coercion (tags)
Basic income is not a plant-closing bonus. Labor productivity will continue growing if the tax burden on the factor labor is reduced. The belief that full employment could return through economic growth is wishful thinking. Ecologically it could prove a horror.
War profiteers hung at dawn (tags)
Two down, more to go.
Self-Organization and Precariousness (tags)
The phenomenon of precarity points to the return of social insecurity in the rich and secure societies of the West. Job growth in the last decade represented a growth in flexible precarious job conditions.
US Locomotive Losing Steam (tags)
In 2006 after the crash of the New Economy boom, we are again witnessing irrational excess in the credit system and in the prices of assets and property titles.
Brazil: The "brake" is COPOM. (tags)
The logic of the the Growth Acceleration Program opposes classic economists as Michael Kalecki and John Keynes. The GAP that does not contain a expansionist monetary politics is not the GAP, is the anti-GAP, as, by the way, the last act of the Copom made clear.
Full Speed Against the Wind (tags)
"Whoever believes in continous growth in a finite world is either mad or an economist." (Kenneth E. Boulding)
Brazil: Henrique Meirelles faces de tornado at CBB. (tags)
Lula prefers that Meirelles stays but syntonized with him. The PT prefers to see Meirelles out. In the absence of Palocci, he guaranteed the depressive growth of the economy in the the last four years.
The Growth Spiral (tags)
Growth in justice, opportunity and environ-mental caring requires identifying blind spots and abandoning myths. Economists must learn to subtract. The state must control the market so everybody shares in wealth and increased productivity.
Capital Fears: US Corporations Threaten Investment Restrictions (tags)
Qualitative growth is an alternative to quantita-tive growth. Our culture rich in things is poor in soul. Instead of welcoming criticism, we make competition and inequality into dogmas, normalize war and militarize foreign policy.
another Reporter takes Bribes (tags)
Another well known Columnist caught taking Bribes from the big Corporations. Who is your congressman taking campaign contributions (bribes) from? Does your congressman's spouse or relative have a sweetheart deal?
Investment pathologies (tags)
Beyond the Border, Sharing Responsibility for Immigration (tags)
A public forum designed to empower and inspire people to take responsibility for creating a fair, sustainable, environmentally friendly development plan with Mexico. Doing so addresses a solution to the root cause of illegal immigration.
Warnings of a US recession and global slowdown (tags)
Three commentaries published in the Financial Times over the past week have pointed to the increasing likelihood of a US recession that would have major implications for the global economy.
GMO Disease Epidemics: (14) Mad Cow Disease?? (tags)
Genetic Engineering (GE,GM,GMOs) is a nightmare technology that has already caused MANY disease epidemics -- documented but unpublicized. This is the 14th in a series revealing the epidemics, dealing here with the possibility that Mad Cow Disease resulted primarily from genetically-engineered cattle feed.
In the Stagnation Trap: Capitalist Development (tags)
Demands for a different distribution and re-distribution, for economic democracy and social regulation opposing market radicalism must be in the foreground. Crisis and opportunity are represented by the same Chinese letter.
New study predicts Jews will outnumber Arabs by 2:1 in 20 yrs (tags)
A new study recently presented to the United States Congress found Jewish birthrates are far outstripping Palestinian rates, and Israel's own statistics fail to account for even low levels of Jewish immigration when calculating national demographic trends. Alarming Palestinian birthrates claimed by the PA and quoted by Olmert are greatly exaggerated.
Weary Optimism (tags)
In payback time in the culture of fear, important trade, budget and cable access bills are passed in the dead of night. The dominant elite consciusness is frozen, refuses alternatives and stylizes bankruptcy as normal business practice.
The Price of Growth (tags)
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
Keeping America Empty (tags)
How one small-town conservationist launched today’s anti-immigration movement
insightful book: power & limits of China (tags)
A Chinese journalist gives a new picture about a changing China and its evolving relations with the world.
Unions and the Growth Mania (tags)
The more productivity advances, the less labor is needed to realize a certain growth rate.. A de-acceleration can reduce the increase of labor productivity and lead to more employment.. A strategy beyond growth should be developed.
A Guaranteed Minimum Income as a Constitutional Right (tags)
A guaranteed minimum income could be seen as a constitutional right like the franchise and equal protection before the law This 1986 essay shows us the human alternative to the dystopia of permanent war. I apologize for the errors in translation.
Truth About Immigrants (tags)
True Facts About Immigration
Report: Housing Will Slow, Claiming 800,000 Jobs (tags)
LOS ANGELES -- A sustained decline will hit the U.S. housing market next year, costing the nation as many as 800,000 jobs, according to a new economic report released Wednesday.
The Fat Years are Over (tags)
Hardly anyone today dares financing the social state by cutting the armament budget.. The fat years are over! Three cheers for dis-possession! Expropriation instead of representation!
Stop the WTO Negotiations! Save Jobs! (tags)
After ten years under the WTO, unemployment has increased everywhere in the world..Many transnational businesses try to distance themselves from responsibility for working conditions by outsourcing work.. Joy to the world, not only to the superrich!
On Ecological Utopias (tags)
The total commercialization of the world has triumphed..A dynamic of growth withdrawal could be initiated through a few simple measures..Internalizing costs would drastically change our societies..Democratic local initiatives are realistic.
Only the Rich Profit from US Growth (tags)
"The same Congress since 1997 has consistently rerfused to raise the minimum wage from $5.15.. The founding fathers defined their new form of government as government by the people for the people. In the meantime US democracy has become government by the rich for the rich.."
Competition is not a Natural Law (tags)
Instead of working out and overcoming the causal problems, people put a veil of the fun society over the whole-as in the times of Rome..Ideologues elevate the principle of competition into a natural law to immunize the market econmy from all criticism.
Shareholder Value (tags)
Since unemployment has reached an unparalleled dimension under the combination of increased productivity, global wage dumping, weakened unions and non-existent system competition, I prefer a radical redistribution of work and income.
Time Autonomy for Everyone (tags)
Given the enormous advances in productivity, radical reduction of working hours is an overdue demand. However working hours are actually lengthened.. Power relations are hidden behind the distribution structures.
Exploding Profits and Stagnant Wages (tags)
"Domestic demand has stagnated for years.. Money for investments exists in excess in Germany. However investments declined 0.7% in 2004 despite record profits. Invest-ments fell for the fourth year in a row and are 13 percent lower than the 2000 level.."
Fa;se Hopes: The Debate about Growth (tags)
"Developed industrial countries do not need global economic growth but a better distribution of economic success.. The dependence of tax revenues and social spending on economic growth is a homemade fairytale.."
More Time for Life, Laughter and Love (tags)
"Fewer and fewer persons produce more and more goods in an ever shorter time through increasingly efficient technology, better training and growing labor intensity." Growth cannot solve mass unemployment.
Working Three Hours a Day is Enough (tags)
"Keynes predicted 60 years ago that three hours work per day would be enough. Instead more than seven million (in Germany) are in a desperate situation.. The system logic is obviously exhausted.."
Growth on Credit (tags)
"The US economy grows but depends on the rest of the world supplying hundreds of billions of more goods to the US every year than come from the US.. This will not last forever.."
How I Solved Sweden's Finance Problems (tags)
"Sweden has strong public finances today. Sometimes I compare the Swedish model with a bumblebee..I believe in our welfare model. It survived the crisis of the nineties. It will help us master the demographic challenges."
Disinformation as a Strategy of Power (Part II) (tags)
"Perpetual growth is not possible in nature or anywhere else..Globalization, the free market with its absolute competition protected by the WTO agreements doesn't have anything to do with fair competition...A global network of resistance is developing.."
Myths of the Economy (tags)
"Redistribution to poorer groups can increase growth..The public debate about the economy and economic policy is dominated by the practical necessity logic. Desires, interests and goals of social groups play no role in the discussion of economic reforms."
Disinformation as a Strategy of Power (tags)
"What caused this development? How could an economic system be built where ever-larger parts of the population are excluded from sharing in growth? ..In neoliberalism, the person is not regarded as a person but downgraded to mere labor power.."
Theological Reflections on Econmic Values (tags)
"The quality of a society is measured in its relations with the weakest..The economy exists for the sake of people..God's economy aims at the survival capacity of planet earth and its people..Our life is connected with all life.."
Speculations on Future US Policy (tags)
Without any concessions, Condoleezza Rice suggested that gulfs could be bridged and cooperation with Europe promoted. Her sneer made it seem: cooperation on our conditions. Many factors will stop the "arrogance of power" (Sen Fulbright).
Permaculture and Peak Oil (tags)
Peak Oil and Permaculture explains the dynamics of the impending peak in global oil production and the implications for Australian society. Declining energy availability will spell the end of global economic growth and the consumerist culture it supports.
Mr. Greenspan and the German Way (tags)
Greenspan's dilemma is that interest rates must rise to reduce the trade deficit ($617B in 2004) and keep foreign investors ($2B a day) though this could burst the real estate bubble and raise consumer prices. US prosperity is a credit-b ased prosperity.
Economic Growth as Myth and Sickness by Marc Batko (tags)
We are called to be subjects, to struggle for equal opportunities and the minimum essentials of life. Our gifts and talents, hidden, ignored or buried by the neoliberal steamroller, can be rediscovered as we reclaim self-determination.
Economic Growth Alone Cannot Solve Social Problems (tags)
One of the central questions of this century is: How will we deal with the losers of this economic dynamic so we don't ignore their status as free citizens?.. No country has ever solved social problems by means of economic growth alone.
Is the Social State Ending? (tags)
Socially just means people have comparable chances to develop in their lives, may have work, are protected against the great risks of life and can age with dignity. To that end, social systems and personal effort are necessary.
biscuit activists block logging truck (tags)
On May 16th 2005, more than 75 people gathered on Eight Dollar Mountain road to demonstrate against logging Old Growth reserves at the FIddler timber sale and elsewhere as part of the Biscuit timber sale. Roadless areas are also on the chopping block for the SIskiyou WIld Rivers area, one of the most botanically diverse national forests in the country.
forest defence video may 20th 7pm in san diego (tags)
Folks are traveling the west coast to raise awareness of the dire situation in our national forests, with a particular focus on the current Biscuit timber sale in southern Oregon. On Friday May 20th at 7pm in the Taoist Sanctuary of San Diego, 4229 park blvd, Wild Siskiyou Action invites everyone to a video showing of “Protect the Wild Siskiyou” and “Truth and Lies of the Biscuit”. These are two short documentaries that address the issue of salvage logging and showcase the vibrant resistance to a lawless government and the greedy timber industry. Come hear updates, discussion, and info on what you can do. Bring your friends, a few pillows and blankets or a chair, and enjoy refreshments.
Depopulation of a Planet (tags)
A Snow Job on Social Security (tags)
Bush’s stump campaign to sell his divide-and-conquer plan for wrecking Social Security has been a failure. So now he’s sent out his Treasury Secretary to try crying “wolf” in hopes of scaring retirees and workers about the security of the system. It’s WMDs all over again.
Poems for Another World (tags)
The world, nature, women and the impoverished South cry for an alternative where workers are more than cost factors, where all persons share in the social wealth and where profit is no longer worshiped.
Current Globalization Sows Hatred and Terror (tags)
The future is very nebulous. Two different possibilities exist: balance or destruction.. A world in which 24,000 persons die of starvation everyday and several hundred million children are without a school educa-tion cannot be just and is unacceptable.
Social Security and Modern Society (tags)
Social security is not a mere burden but a benefit of productivity. Countries with comfortable social security systems are internationally very competitive. Social security supports economic growth and employment.
Psychic Systems and Economic Growth (tags)
We psychic systems are robots that first become people by understanding how the systems function. The system is not optimal when potential is squandered. Mass unem-ployment is a mega-squandering. The system is the tyrant.
We The People, IndyMedia, And The Neoliberal Project (tags)
Consider for a moment how important the Internet has become as a source of news and analysis. Over the past ten years, email lists and websites have evolved into a formidable alternative to commercial media. They provide people all over the world with timely eyewitness reports on developing events, along with a broad range of analysis and opinion.
Ronald Reagan's Legacy (tags)
"For the richestg 1%, the Reagan tax cuts were pure elixer.. Reagan's budgets slashed social spending. Domestic discretionary spending was the special target.. Hardest hit were programs for low-income Americans.."
45 Translated Articles to Celebrate the De-Selection (tags)
45 new translated articles are available at www.mbtranslations.com. Marcos and the Zapatistas speak of one world where many worlds fit, a world where everyone has a place. Hearts of stone can become hearts of flesh!
Inflationary Deflation or the Dominance of the Global Financial Markets (tags)
"When real interests are above real growth rates of the GDP, debtors are structurally overstrained. The debt crisis of the 1980s and the financial crises of the past decade suggest that a kind of post-modern `plundering capitalism' is arising.."
US Expert Sees Danger of World Recession (tags)
"The new administration elected in November 2004 must systematically reduce the deficits. Otherwise an inflation threatens. America within the next two years could lead into a recession.."
Club for Growth member Bob. J Perry funded 'Swift Boat' ads (tags)
Houston homebuilder, Christian zealout and hardcore GOP backer Bob J. Perry was funded, at least partially, the 'Swift Boat' attack ads since recanted by one Veteran.
Comments Needed: Help Protect Oregon Old Growth (tags)
The Forest Service is trying to move forward with several contentious old growth sales in Oregon that have been the site of mass protests and civil disobedience. Tomorrow (Wed March 18th) is the last day to submit public comments.
Anti-Social Security group defrauds the elderly with 'ARP' designation (tags)
The Alliance for Retirement Prosperity was founded by Republicans like Grover Norquist (president of Americans for Tax Reform) and Steve Moore (president of the Club for Growth), who view the elderly as dangerously selfish welfare-addicts.
Wages up for the well-off, but not for others (tags)
The gap between workers in the 90th earning percentile and the 10th has never been wider. Said Ann Owen, economist at Hamilton College (NY) and former Federal Reserve economist (DC), "we can probably project a future growth in inequality."
The Next Middle Class (tags)
In their own ways, Jefferson, Lincoln, and Roosevelt, provided the institutional frameworks for middle-class growth. Now, radical ideas are necessary to prevent a return to feudalism.
MoveOn.org demonstrates the growing power of the 'net in US politics (tags)
In an election year where more young voters are expected to turn out, the 'net is heating up as a sincere battle ground for politicians. The curious thing is that the trends are bucked by people who have their own way of doing things.
Club for Growth Attacks Dean (tags)
Iowans, we believe are smarter than this rich white man's club gives them credit. They know what "club for growth" really means. It means rich conservatives grow their own wallets.
Moderate Group Surfaces To Take On Conservative Opposition (tags)
Mr. Woods challenged the Club fog Growth to disclose who its donors are; "Don't come into Arizona in secret. Tell us exactly where your donations are coming from or stay out of Arizona."
Southwest showdown: Republican vs Republican (tags)
Grant Woods says that "mainstream" Arizonans support increased spending for key issues like education, health care and Child Protective Services -- that's why he's fight the Washington, D.C.-based "Club for Growth" who will spend $1 million in Arizona to oust moderate Republicans in the 2004 elections.
Exodus from Growth (tags)
"Growth, prosperity, free trade, liberal world economy and international division of labor are all ideologically charged terms. They re-flect veiled interests more than a search for truth. The starting-point for an alternative econmics is an ideology-critical position."
8 Simple Rules for Schwarzenegger to follow, or else get 'Clubbed' (tags)
A driving force behind the Conservative storm front in America will quite likely be the Governor\'s mentor -- and in the course, steer the socially-liberal Arnold toward a starkly Conservative agenda.
JUST ANOITHER BUSH LIE (tags)
a jobless recovery is no recovery
Worth reading (tags)
Interesting article from the Asia Times. A different perspective than the usual propaganda from our Wall Street-controlled media.
Job Losses at Level of Great Depression (tags)
Job Losses at Level of Great Depression Contradict President Bush's Wishful Predictions
Job Losses At Great Depression Level (tags)
The wonders of Bushonomics on display for all. His Father may have been George Herbert Hoover Bush - does this make the current Bush Calvin Coolidge?
HEHEHE American Infrastructure (tags)
HEHEHE it takes a report by a bunch of civil engineers for the Americans to realize their infrastructure is shit.
Climate Change Endangers Growth of World Economy (tags)
"The solar architect Rolf Disch in Freiburg sold the first solar-energy-plus houses that produce more energy with the help of the sun than is consumed in these energy-houses. Every homeowner becomes an energy-seller. Economy and ecology harmonize.."
Jobless Growth (tags)
"We celebrate the victory over the recession while several hundred thousand employees are dismissed every month', decried Calif congressman Pete Stark. `It would be almost hilarious if it weren't so sad.'..Employers prefer reducing personnel to save costs.."
It's 2003, do you know what the "Club for Growth" is? (tags)
"When the supply-siders at the Club for Growth decide to back a candidate who favors the economic policies of the Reagan era, donations don't just trickle down, they gush." -- Congressional Quarterly Today, Feb. 7, 2003
Good news! George W. Bush's "free market" economic policies are working! (tags)
The biggest surge in defense spending since the Korean War era helped drive U.S. economic growth ahead at a surprisingly brisk 2.4 percent annual clip in the second quarter, the Commerce Department said on Thursday.
Alaska's fragile ecology is imperiled by 'Rugged' ego (tags)
The military and the oil and gas industry account for most of Alaska's population growth, and are both notoriously conservative and transient. These immigrants believe they are rugged individualists, and they are dead wrong
Deflation Threatens. A Specter goes about in Germany (tags)
"The IMF recently warned of a deflationary development and a dangerous intensification of the economic crisis in Germany..Deflation is characterized by a lowering of price levels.. The cause is a surplus of goods over the demand for goods.." Translated from German
Diogenes: Forget Athens, head to Arizona! (tags)
Stephen Moore, Club for Growth president & Cato Institute Senior Fellow, raised $10 million for Republicans in 2003 (much more than the largest corporate PACs) But Moore's attempt to challenge Senator McCain (despided by Conservative Republicans) failed.
Social War in France (tags)
"The radicalisation of the strikes, the images of violence like those seen on Tuesday evening in Paris could disturb consumers' peace of mind"
Libraries are good (tags)
Every libertarian diehard who decries the government's involvement in anything beyond military defense is an avid user of public streets and highways--and thankful for their existence. The same can be said for national parks and libraries.
Inside the 'Country'-Club for Growth (tags)
In 2002, the fiscally conservative Club targeted 19 congressional races and won 17. The 9,000-member Club is the No. 1 source of campaign funds for Republican congressional candidates, aside from the party itself. It targets Republican incumbents whom its officers deem too liberal...
The ABCs of CBAs (tags)
A proposed new policy to put knowledge in the hands of communities and improve Los Angeles’ economic development process.
Republican-Libertarians target moderates in bid for supremacy (tags)
Club for Growth leaders, a pantheon of conservative economic thinkers and tax-cut advocates, are "trying to be a conscience for the party," says Stephen Moore, president and co-founder. But the club's rising power and foray into ethical and moral debates have raised alarms.
Jobless rate climbs to nine-year high (tags)
EAST CHICAGO, Ill. – Bruce Gaddy is single. Tony McIntosh is married and has two children. Both live in this working-class suburb, 25 miles south of downtown Chicago. And both are unemployed: Gaddy because his plant closed, McIntosh because he was “down-sized” after working 22 years for AT&T.
BUSH LIED AGAIN (tags)
Washington - There was only one problem with President George W. Bush's claim Thursday that the nation's top economists forecast substantial economic growth if Congress passed the president's tax cut: The forecast with that conclusion doesn't exist.
US reached debt limit, unemployment rampant (tags)
US national debt nears $6.4 TRILLION limit, so the US Treasury Dept. asks for higher debt ceiling for the Fed Govt; U.S. Economy in Worst Hiring Slump in 20 Years...
Ecocide in Humboldt County (tags)
Activists occupy old growth while Pacific Lumber liqudates Northern California's coastal temperate rainforest.
Human Population: A Brief History (tags)
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The Right to Development (tags)
"The 1994 UN Development Program proposed a world social charter with the goal of building a society where the right to food is as sacred as the right to vote..and the right to development is a fundamentaql human right Brigitte Hamm is a professor in Duisberg.
Green or Mean Returns - Investing In The Environment (tags)
The environment can provide green investments or mean investments, depending on which end of the spectrum your on. The fishing industry off the coast of Spain is going to suffer, ship builders are going to benefit.
CONDOLEEZZA'S NONSENSE ABOUT DEMOCRACY (tags)
Some history rather than hysteria...
Harmful House Deal on Fire Logging Needs to be Stopped (tags)
An agreement has been reached between Rep. George Miller (D-CA), Peter DeFazio (D-OR) and Rep. Scott McInnis (R-CO) that can best be described as a chainsaw massacre.
Local TEA Dollars (tags)
To presume that our lifetime has no value is to presume the legitimacy of slavery. Issuing citizens dividends directly from local treasuries is the most efficient, stable and democratic way to provide equal rights and equal responsibilities....
JOBS CREATE JOBS (tags)
From the book "The War Against Progress" by Herbert E. Meyer.
NCEF! CALL TO ACTION! GYPSY MOUNTAIN!!!! (tags)
Maxxam Corporation is planning to log the last of the Old Growth Redwoods left on the planet, and plans to desecrate the mountain on which our brother, David "Gypsy" Chain, was murdered by a Maxxam employee, on September 17th, 1998. Come one, come all!!!!
Action Camp Announcement! (tags)
Come on up to the action camp, and have a great time defending the trees:) The time has come for revolution!
Environmentalists and Rock Stars Arrested To Protect Old Growth Forests (tags)
Chicago -More than 20 national environmental and social justice leaders joined with music legends Bonnie Raitt and John Densmore and environmental hero Julia Butterfly Hill to protest Boise Cascade's crusade to silence critics of its old growth logging practices
World leaders defend globalisation in face of protests (tags)
An anti-globalization protester strolls past a burning car as widespread clashes with police erupted though out Genoa July 20, 2001. Police have been expecting violence as some 150,000 anti-globalization protesters took to the streets as Group of Eight leaders gathered for a 3 day meeting in the northern Italian city. (Stefano Rellandini/Reuters)
Mock cow protests bogus growth hormones (tags)
An unidentified mock cow protesting against growth hormones outside Starbucks on 6/26 as part of the Biodevastation protests.
EmpowermentBooks.com offers lower book prices, coupons&deals as a ChristmasGift (tags)
EmpowermentBooks.com offers lower book prices, coupons and deals as a Christmas Gift. EmpowermentBooks.com is being relaunched for Christmas 2000 with various improvements and is launching a small publicity campaign to publicize its books and resources for personal growth, social change and ecology in a Co-op America-style approach to social change. Activists will probably also find EmpowermentResources.com-- Tools for Personal Growth, Social Change and Ecology, and EmpowermentStores.com-- Empowering the Consumer interesting and useful. Merry Christmas and Happy New Year!
Headwaters and Cascadia Forests Still Struggling Against Clear Cut Logging (tags)
Mountainriver.org continues to supply the latest information in the struggle to preserve the last remaining old growth redwoods in California as well as the fight to save old growth douglas fir in Oregon