Capitalist crisis policy is ultimately in a crisis trap... The central banks' billion-dollar "quantitative easing" may have prevented the collapse of the world financial system in 2020, but it is only a postponement of the crisis.
The Civilization Crisis: Post-Factual Criticism of Politics (tags)
In Trumponomics, falling tax rates for businesses should increase tax revenues. When businesses do not invest in an under-financed infrastructure, the tax gifts lead to lower stater spending and higher stater debts at the end.
The Crisis of Economists (tags)
The mainstream economy doesn't know what an argument is any more. Claims or assertions are made. This neoclassicism is not a science but resembles a religion that proclaims dogmas. The economy is a social science that offers interpretations.
Patients are not Customers (tags)
Mainstream economics is always based on the idea of homo oeconomicus, an egoist who maximizes his own advantages. In economics, the extreme form of egoism is treated as rationality. July 30 was Medicare's 50th birthday and August 14 is Social Security's 80th birthday. Celebrate!
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.
Vancouver Canada has 23 community centers, some with swimming pools that can take your breath away. Learning from other cultures and countries is a sign of strength, not of weakness. Without a social contract we become wolves. Without public goods, the market economy fails.
Economist criticizes "pathological allegience" to economic models (tags)
The crisis was born when Maggie Thatcher and then Bill Clinton deregulated the financial markets. The explosive force that was detonated was incalculable. Economics gave support because it provides models.
The Invisible Hand Doesn't Help Any More (tags)
Neoclassicism starts from the assumpti8ons that people always act rationally and market processes always lead to optimal results on account of the price mechanism. The market fails. Its view of the person as Homo oeconomicus must be replaced by the Homo cooperativus.
Drugs and the Model's World (tags)
It may appear that the world of a fashion-model is quite wondrous.... a lot of attention, admiration, money, and gorgeous clothes. What more could a young woman want?
The Economy Sinks in a Deep Crisis of Meaning (tags)
Economists are compared with astrologers and mocked as crystal-ball readers because they are frequently way off the mark with their growth forecasts. Economists have not learned the great lessons. Mainstream economy entrenched itself behind a model world and often faded out reality.
BTL:Communities Adopt New Cooperative Models to Cope with High Unemployment (tags)
Interview with Sarah van Gelder, co-founder and executive editor at Yes! Magazine, conducted by Scott Harris
Successful Fair Trade Fashion Show Benefits Youth for Human Rights (tags)
To raise awareness of human trafficking and the garment industry, Youth for Human Rights of Florida successfully produced the Colors of the World Fashion show in Ybor City this past weekend.
Economics as Brainwashing and Careerist Gets the Job (tags)
The self-regulating market and stgylizing all problems as exogenous, not endogenous are fatal myths as proven by Enron, Tepco, Citigroup and all corporate tax cheats. Can the real economy survive when financial profits amount to 40% of all profits? Viva economic learning!
Free Internet Book "Culture Change" for the October 2 "One Nation" March (tags)
Civil Liberty, Peak Oil and the End of Empire
John Waters Pays Homage to his Role Models (Book Review) (tags)
John Waters is a Baltimore Icon! He’s a film director, producer, author and a recovering Catholic. The then-Maryland Censor Board panned many of his early flicks, “as pure garbage.” Waters is openly gay. His latest book is “Role Models.” In it, Waters reveals the people who have influenced and have helped to shape his own complex persona. Waters confesses in his tome that he voted for Barack Obama because “he ‘was’ a friend of Bill Ayers!”
The Rebirth of Economic Thought from the Ashes of the Crisis (tags)
Reagan announced the state was "the problem" for the functioning of the economy. State action could not solve economic problems. The latest reality of economic crisis thoroughly destroyed the neoclassical theses. The crisis showed its ideological limitation and conditionality.
Caught in the Infinite Loop of a Nightmare (tags)
Since politics has no strategies of its own to re-stabilize the economic system, it hopes in the self-healing powers of the market after the bank bailout... The hosts of decision-makers were simply "falsely programmed" in their education.
The Crisis in the Crisis or How Sick is the System (tags)
Crisis is a synonym for experiences of difference. It changes something. Afterwards nothing will be as in the past. Until recently the "manager" and "business" were models for all areas of life. Do private vices always become public virtues?
Time for a Bad Ideas Bank (tags)
The global economic disaster plunges economics into a legitimation crisis-not yet noticed by the vast majority of the affected. The current financial crisis involves dogmas that markets function best and correct their own mistakes.
Global Warming and Agriculture: Impact Estimates by Country (tags)
...while there is growing recognition that global warming is a problem, little attention has been paid to the likely impact at the country level, especially in the developing world. In this new book, William Cline, a joint senior fellow at CGD and the Peterson Institute for International Economics, provides the first ever estimates of the impact on agriculture by country, with a particular focus on social and economic implications in China, India, Brazil, and the poor countries of the tropical belt in Africa and Latin America.
Mexicans strip en masse for U.S. artist
Theologians of the Market Economy (tags)
Mandeville's thesis that private vices often change inadvertently into collective virtues as a bee collaborates in building a beehive is a literary construction. The market in Smith's explanation is nothing but a religious paradox.
Disintegration has three central dimensions and starts when access to the functioning systems of society becomes unstable.. Democratic substance can be lost when citizens are told they have no influence and are not needed.
Brazil: The Perfect Electoral Crime (II) (tags)
These types of tests of independent attack are technically called "Penetration Tests" and the Hursti Reports (1st and 2nd Parts) may be obtained at: http://www.blackboxvoting.org/BBVreport.pdf http://www.blackboxvoting.org/BBVtsxstudy.pdf
WHO'S LYING? Gore or the Media? (tags)
Excerpt of a story on TomPaine.com (with link to full story.) Particularly worth noting is that Mollie Dickerson identifies specific reporters at the Washington Post and New York Times responsible for promoting these lies, just as Gene Lyons identified Jeff Gerth's role in promoting Whitewater lies years before Gerth set off the Wen Ho Lee witch-hunt.