How the financial market redistributes from poor to rich (tags)
"Some business models, such as high-frequency trading, where huge blocks of shares are shuffled back and forth every millisecond, have no added value for society, but bring profits to a few financial professionals at the expense of everyone else."
Tax Reform in the US: Trump's Attack on America (tags)
The tax reform of the Republicans is a blow against the welfare state and was prepared in the 1970s. The tax reform is profitable for Donald Trump but could cost the Republicans a re-election. $5 trillion goes to households with more than a million dollars income.
Economic Inequality Divides Economics and Society (tags)
An unequal distribution of income paralyzes the whole economy... Redistribution from top to bottom in a national economy ultimately depends on which social groups can enforce their interests more strongly.
No Redistribution Without the Social State (tags)
In Austria 30 percent of the gross domestic product is spent on social services (not including education spending)...Since the 1990s social security has been increasingly discussed as a financial burden and less as a social achievement
The Neoliberal Model: Profits without Investments (tags)
According to the neoliberal myth, higher profits would lead to more investments and more jobs. In truth, higher profits lead to corporations buying back their stock and currency speculation. In truth, higher investments lead to higher profits.
Bankers, Hear the Signals! (tags)
The people may freely elect their governors. But the game ends whenever they want to force a redistribution of social wealth-even if the economic system only functions with redistribution. Democracy is social action, not a gift or a state (of rest).
On the Failure of the Mainstream Economy (tags)
The neoliberal mainstream economy and its political backers experienced their Waterloo with the most serious financial and economic crisis in eight decades. States bailed out banks and banks made money by lending back to states. A policy of reduced working hours is necessary.
Georgia Bible Belt artists critique class disparity: FREE MONEY (tags)
Team of middle Georgia artists invite public to agree to terms of contract, hand out enhanced dollar bills for redistribution of wealth.
The neoliberal growth strategy ofr reducing the price of labor led to a system change from Keynesianism to neoliberal capitalism. Neoliberals never sought full employment. Rather their policy aimed at the permanent division of society.
"The “Great Transition” is meant to echo the phrase used by Karl Polanyi, The Great Transformation, the title of Polanyi’s important 1944 book describing the shift from the world of the commons to that of the total market order..."
Income Distribution is Perverse (tags)
Redistribution of income is central. Another economy is necessary in which people are more important than profit percentages. A shareholder value philosophy ruthlessly downsizes and closes plants in pursuit of maximum profit.
Distribution Justice is the Command of the Hour (tags)
Mass unemployment, low wages, precarious jobs and falling real income strain the social budgets, not demographic development. Something is not right when poverty grows while the super-wealthy receive more benefits and subsidies.
Part-Time Work for Everyone (tags)
The advantages of part-time work must gain general approval.. When the just distribution of work makes headway, the state and the economy will be freed from a considerable part of social expenditures and cuts in individual living standards will be balanced.
The Extremely Lame Agenda of the Left (tags)
Doesn't matter whether you're talking about Kucinich, Sharpton, Clinton, Gore, Kerry, Nader, or Dean. They're all the same.
After reading Indymedia and listening to Pacifica Radio, I soon realized that activists have their own jargon and vocabulary. They use common words that have different meanings to them. In an effort to help new readers get up to speed, I've prepared an English translation.