Battle for Social Democracy and Unfettered Capitalism (tags)
Two opposing schools of thought face each other at the sickbed: neoliberalism and social democracy. Didn't the death-bells of neoliberals ring in the course of the financial market crisis? Were not neoliberals unmasked who first caused the whole mess with their deregulation?
In the run-up to the founding of NATO, those responsible in the USA knew: The Soviet Union posed no military threat. The weakened power could not sustain an attack on Western Europe even if it wanted to: The Soviet Union's economy is largely destroyed and technologically obsolete.
Political Myths and Elite Misanthropy (tags)
In his new book "Political Myths and Elite Misanthropy," professor Herbert Schui explains the myth of the achiever, the myth of state indebtedness, the myth of the market and competition and the myth of market conforming democracy.
Cyprus Postmortems: Part II (tags)
class war
To Krugman, the increasing ideological blindness of German politicians can only be explained by their belief that "hard times must be the necessary punishment for earlier excesses." Krugman overlooks that the hard times and excesses do not concern the same people.
So much crisis was never analyzed with a crisis-conditioned satisfaction guarantee! Instead of seeking culprits, we must seek the systemic causes of the indebtedness dynamic. These gigantic debt mountains were necessary to keep capitalism functioning. Fewer and fewer workers can producer more and more goods in an ever-shorter time.
The Crisis, Trust and Homeowners (tags)
Capitalism cannot function any more without credit-financed debt on account of its increasing productivity. The recession will come because the indebtedness-dynamic can hardly be maintained with which the capitalist zombie-economy is kept alive in its pseudo-life.
The U.S. is More Greek than Greece (tags)
Deficit economies were organized mainly by finance capital. The expansion of this credit-financed mass demand went along with the expansion of the financial sector. Trillions of dollars and Euros were pumped in the stabilization of financial markets.