fix articles 4961, elmar altvater
The Populist Makers and Dangerous Optimism (tags)
The people vote and capital decides. Another capitalism appears that is marked by an anti-liberal and intolerant culture. The goal of the new capitalists is the same as the old capitalists: to make the rich even richer. The governing elites gamble away the future of coming generations.
Post-capitalist Perspectives (tags)
Capitalism is winning to death. The exit from the overheated machine of capitalism represents an enormous challenge. We cannot avoid the question about common property in the search for alternatives.Can greater social equality be achieved without changing property relations?
Freedom and the Market (tags)
Neoliberalism as a movement and ideology is a world of ideas where egoism and personal responsibiilty are celebrated, the social is faded out and no place exists for solidarity and social balance. Everyone is the creator of his own happiness here.
Capitalism and Its Crisis Proclivity (tags)
The liberal economists of the 19th century claimed no crises could occur in capitalism since every supply creates its demand. On the other hand, Marx and Engels recognized early on the causes for crises in capitalism. The contradictions of the accumulation process lead to crises.
Is Capitalism Collapsing? (tags)
One of the causes for the obvious helplessness of the governments is that they function as simple receivers of orders of the financial industry. The financial industry has no interest in a policy that would make it liable for its inflicted disaster..
Economic Policy, the Schwabian Housewife and Francois Hollande (tags)
"What is rational for individuals leads collectively into a cul-de-sac.. The fundamental error is that economic policy believes the crisis can be fought with the logic of a family budget. For that reason, the collapse of the euro zone threatens." France goes a different way than Italy and Spain.
Capitalism Can Be Cured (tags)
"The Occupy movement protests worldwide against the power of banks. The Indignados in Spain demonstrate against the system that gives them this crisis and high unemployment. No saying has been criticized more vigorously than Margaret Thatcher's `there is no alternative'."
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.
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.
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.
When Financial Management Paralyzes Democracy (tags)
The 2010 Attac Bank Tribunal in Berlin was a civil society legal proceeding that decried the speculative business model: take excessive risks and burden taxpayers with the costs. Rating agencies should be public. Banks that are too big to fail are too big to exist and should be broken up
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.
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.
The End of the Dollar (tags)
The financial crisis became an economic crisis and mutated into a state budget crisis when trillions were given to "system relevant" banks and private losses became public burdens. What is Plan B?How can the financial sector be shriveled? Can state banks (like NDakota) be a model?
Renewable Energy is a Reality and not a Vision (tags)
Germany gains more energy from solar technology than Japan gains from all its nuclear reactions. Development in this area occurred much faster in the last years than many expected. Ten years ago no one would have believed we would gain 17% of our supply from renewables.
The Banking and Financial Crisis (tags)
"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."
A Financial Boom Despite the Crisis (tags)
For the banks, deficit state budgets become important clients. They compensate the private demand for credit. The financial boom is completely based on support measures of state organs. An economic upswing is not in sight.
Life after the Peak: Capitalism and the Market Economy (tags)
All over the world there are experiments with renewable energy, solidarity economies and non-profit economic forms. A growth acceleration law will be absurd when fossil energy runs out. We will need a growth de-acceleration law.
Can a Person Own HIs/Her Mother? (tags)
No one can own what exists in nature except nature. A human cannot own its own mother. However western ownership systems have been forced on us again and again that contradict our worldview and our values. Ubunto is another example: "I only live when you live."
There is only one economy (tags)
The stock exchange produces nothing. Speculations and bets do not create any assets, even if the daily stock market reports on television try to get us to believe the opposite. That the financial markets make themselves independent is the result of political decisions.
Dethrone the Dollar (tags)
Political countervailing power of the G-millions against the economism of the neoliberals can only be formed with a long breath.. The grass grows from below; words fall empty from the top.
Economic Crisis and the Crisis of Neoliberal Ideology (tags)
The crisis has his origins in the "real" economy. Inequality is the ideological motor of neoliberfalism. German president Kohler described the financial markets as a monster. The metaphor has changed from market as rational subject to monster.
Post-neoliberalism or post-capitalism? (tags)
"Market-liberalisation was accompanied by a far-reaching de-regulation of politics. Milton Friedman called it a “neo-liberal counterrevolution” against Keynesianism..."
Welch's Marvelous Transformation (tags)
Nearly all the excesses summarized unter the terms turbo- or casino capitalism are based on the ideology of shareholder value: the rule of financial markets over the real economy, the short-term and short-sightedness of shareholders and waves of rationalizations."
The Vacuum of World Trade Breaks Down (tags)
The unbridled free market was an illusion that gave free rein to greed and speculation and the dominance of the financial markets. Shareholder value made the profits of shareholders absolute and set short-term gain over long-term necessity.
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 American Patient (tags)
Capitalism changed into "finance-driven" capitalism. The profit rates for industrial capital fell in the past decades. Washington could be paralyzed under the debt yoke like Japan in the early 1990s. After decades of market idolization, the US has rediscovered political power.
The Future as Possibility: Elmar Altvater (tags)
The state should not be a trough for the super-wealthy. Representatives representing money and not the people are marionettes of a corrupt campaign financing system. The system must be changed if it is to survive. Call Congress 1-800-270-0309.
Energy and Climate - Hunger and Money (tags)
At the World Economic Forum, the extensive global crisis is trivialized to four "great risks." The neoliberal elite does not want a system change. It wants to assure itself against the threatening fourfold injustice. A 20% loss in the global social product could be avoided.
"The End Game" by Elmar Altvater (tags)
Exodus from the fossil energy regime may not be entrance into a nuclear energy regime since that could lead to catastrophe. No one can exclude a new Chernobyl with 1300 new nuclear reactors by 2050. Elmar Altvater is an emeritus professor at the Free University of Berlin.
Dollar-Oil-Euro: An Unholy Trinity (tags)
Prof. Elmar Altvater's presentation at the Weed conference "A New Financial Arcvhitecture-a Ruin?" Berlin, Nov 2006 includes many valuable charts on oil production and consumption and causes and consequences of higher energy costs
The Subprime Tsunami Reaches the EU (tags)
Subprime mortgage credits in the US should not have been issued. Nevertheless subprime credits were extended in the volume of $1.3 trillion. An avalanche of expropriation roars in the valley. The banking crisis spills over into the credit system in the real economy.
The US Will Experience Its Big Surprise (tags)
The dollar devaluation has to do with many things, above all with the double deficit. The US must become indebted more and more. China and Dubai could go on a shopping spree and buy oil companies. The US must earn euros to pay for the oil to be imported.
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.
Oil Wealth as a Curse (tags)
The world energy need will increase 50 percent by 2030 necessitating investments of billions in the energy infrastructures.. With its oil greed and balance of payments deficit, the US could endanger global peace and the stability of the world economy.
The Year of Catastrophes (tags)
All the shock over hunger catastrophes remains without consequence if it does not go along with a radical change of course in local and environmental policy. Otherwise hunger catastrophes could become the normal state.
The Fifth Branch (tags)
The fianncial markets, the fifth branch, are probably the most important markets today. Many remain excluded from this time- and space compression. Most people are barred from the advantages of globalization like greater mobility and improved communication
The Currency of Black Gold (tags)
The Oil War is also being waged by the predominance of the Dollar and the Euro.
The New Inequality Machine (tags)
From the middle of the seventies, the interest rates exceeded the real growth rates. This made it even more attractive for owners of capital to invest their money in the financial markets rather than the real economy.
The Fifth World Social Forum (tags)
In the debates hardly any doubt existed in Porto Alegre that this alternative solidarian economy cannot be an island in the furious ocean of the capitalist world market. Thisalternative economy needs state assistance.
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.."
The Flexible Person: Critical Psychology and Fitness Training (tags)
With athletic and medical metaphors, persons even in nursery school are urged to fitness training. Under globalization, societies find themsevles in positional competition. National chances are set against the global threat. Trans.from German
The Wilderness Lives: The End of Prehistory as a Beginning (tags)
"The status quo is limited and not lasting from eternity to eternity as the quasi-religious worship of capital asserts. This worship of capital handed over to its own destructive dynamic is still dominant but not unchallenged." H. Thielen lives in Brazil.