Social Policy as Social Infrastructure (tags)
Work and income must be uncoupled. In Germany, thanks to higher productivity and information technology, 30% more was produced from 1970-2010 with 30% fewer workers. Demonizing China will not resuscitate the Rust Belt. Social policy is crucial.
Interview with Social Philosopher Friedhelm Hengsbach (tags)
The financial markets have uncoupled from the real economy since the middle of the 1970s. Politicians listen and react to every sound from the financial sector. Who paid for the bank bailout? The general public or the state made itself poor and guaranteed capital.
Housing as Infrastructure (tags)
Housing as a human right is sometimes superseded by the right of speculation. Low-Income Housing Tax Credits (a Federal program), non-profit or cooperative housing and SROs (single room occupancy) are solutions to the housing crisis.
Housing is not just another commodity (tags)
Like food, clothing, health, and education, housing is an elementary need. On'e apartment is a place of retreat of the private person, a protective- and creative space of inviolable identity, Long-term low-interest housing tax credits & SROs, are alternatives to indifference.
Working Digitally in Just Economies (tags)
Reducing working hours is an attractive scenario, an optimistic picture of a possible future of society. Less than 2% of German workers labor in agriculture, down from 40% in the 19th century. The future of work is person-related work. The state must intervene with subsidies.
Refused sharing and rediscovery of sharing are signs of this time. "This economy kills." So Pope Francis judges socio-economic conditions. Taxing the rich is vital. With additional revenue, workers would not feel threatened by immigrants
Reduced working hours is the only logically and historically consistent answer to the annual productivity increases that are above the real growth rates of the economy and without reduced working hours lead to a decline of work volume and unemployment.
Is Capitalism Devouring Its Children? (tags)
The state was extorted by the banks. Bailing out the banks was regarded as without alternative..Rating agencies should become public institutions and system-relevant banks dismantled. Growth- and stability funds should be established as the credit-givers of last resort.
Ex-Fed Chairman Paul Volcker Criticizes the Federal Reserve (tags)
"Altogether the 81-year old Volcker can hardly see anything good in the development of the financial system over the last 25 years."
A World Full of Super-Bubbles: Ben Bernanke (tags)
In the last months, Ben Bernanke has emerged as a problem-intensifier, not a problem-solver. The man who flooded the world with cheap dollars faces the waste-heap of a sinking ship making the Titanic seem like a little rowing boat.
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.."
Financial Crisis as Organized Irresponsibility (tags)
In the years 2002-2006, guaranteeing mortgage credits was the greatest source of profit for investment banks. US policy massively promoted and in no way curbed awarding dubious credits. In 2003 Warren Buffett described derivatives as "financial weapons of mass destruction."
The Bank Tribunal in Berlin (tags)
Even today most radical market liberals do not see beyond their ideological blinders and explain the financial market crisis as a state breakdown. The financial catastrophe is a fiasco of their religious doctrine. The catastrophe plunged the dominant economy into a crisis of meaning.
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.
"Campaign against the Weak" (tags)
Social justice, solidarity and sharing opens doors. We have to do some rethinking. The social state does not create the problems that efficient workers are lacking and jobs for many are lacking. Mass unemployment is a social declaration: "We don't need you."
Greed, the Corrupt System and Shadow Banking (tags)
A sudden change of thought patterns has occurred. For thirty years, the dogmas were in effect: trust in the self-healing powers of the market, the sleek state is the best of all possible states and economic policy will be unnecessary if the central banks fights inflation.
For a Future of Solidarity and Justice (tags)
The Economic social model is an alternative to the American mini-welfare state. The irrationality of finance capitalism appears in that the stock price rises while the value of labor falls. Labor is shamelessly robbed of its rights and dignity.
Governing against the People (tags)
The dream of 1989 that democracy and capitalism can be reconciled fades.. Elected governments orient their decisions in trans-national groups and global finance markets.
Selling off the Social State (tags)
Attitudes are the only disability. If all you have is a hammer, everything looks like a nail. "Social solidarity with the sick is eroding. The solidarian security from risks is the prerequisite for personal responsibility."
A Moralist on the Social State (tags)
A hundred years ago eight farmers worked to feed one non-farmer. Today one farmer feeds 88 persons..Income from assets and business activities have been consistently relieved of taxes in the last 25 years. Profits soar while investments fall.
"The Young Must Have a Chance" (tags)
"The whole financial regime between the country, territories and communities is out of order. The communes were sacrificed on the altar of tax reform. Enough money is there.. Lengthening working hours in a time of weak growth and high unemployment is absurd.."