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).
The systemic reasons for the crisis are more important than a sudden fall in prices. Stocks are held on average 22 seconds, not 6 months or ten years. Real-capitalism is a plus-sum game. Financial capitalism is a zero-sum game.
The Unending Story of the Achievers (tags)
All personal and corporate success depended on state investments in roads, schools, hospitals, community centers, airwaves, food safety and water quality. The achievers' myth ignores this, Austrian researcher Bruno Rossmann explains.
Victory of the Economy over Democracy and the Constitutional State (tags)
The person exists as an end-in-him/herself and not merely as a means... On the other hand, the principle of the worldwide market economy is based on treating persons and their needs as means to the end of profit realization.
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.
Labor Solidarity in Neoliberal Structural Change (tags)
The self-regulating market and the invisible hand were neoliberal theories of Frederick August von Hayek and Milton Friedman. Submission to the market was described as a natural law, as natural and self-evident as the rotation of the planets. Solidarity and unions were decried as barriers.