fix articles 313701, by ulrich thielemann Los Angeles Indymedia : tag : by ulrich thielemann

by ulrich thielemann

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.

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.

Homo Economicus and Dethronement of the Profit Principle (tags)

Max Frisch summarized economism int he formula: "what brings profit is rational." Economism is a business ethics conception, a justification theory for profit maximization that declares ethics superfluous. Ultimately this is an "ethic" without morality.

Profit-Making is Different Than Profit-Maximizing (tags)

Discussions of jobs and the economy are often marked by trivialization, distortion, unreality and wishful thinking, The neoliberal model promotes profits, not investments and rationalization and digitalization lead to mass unemployment. System analysis and market failure are often glossed over

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