Overcoming the epidemic of loneliness (tags)
The planet can do without human beings, but humanity cannot do a second without the planet. A subsystem can never dominate the superordinate system, nor can it grow indefinitely within it. For this simple reason, the two central premises of industrial society - endless growth and domination of nature - are deadly illusions.
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
From Financial Crisis to Stagnation: An Interview with Thomas Palley (tags)
"The way economies are organized and function is significantly the product of social choices, not the product of nature. Over the past thirty years we (society) have embraced a set of economic ideas..."
Stagnation, not growth, is the norm for mature capitalism (tags)
The dynamics of a mature capitalist economy result in stagnation and financialization, creating deepening inequality.
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.
The Political Consequences of Stagnation (tags)
My apologies to T. S. Eliot, but September, not April, is the cruelest month. Before 9/11/2001, there was 9/11/1973, when Gen. Pinochet toppled the Allende government in Chile and ushered in a 17-year reign of terror. More recently, on 9/15/2008, Lehman Brothers went bust and torpedoed the global economy, turning what had been a Wall Street crisis into a near-death experience for the global financial system.
Satiation or Two Limits of Growth: John Maynard Keynes (tags)
"The first great economic crisis of the 21st century marks the end of a failed political-economic experiment..The past 30 years of redistribution from bottom to top were a glistening epoch for the owners of capital.."
In the Stagnation Trap: Capitalist Development (tags)
Demands for a different distribution and re-distribution, for economic democracy and social regulation opposing market radicalism must be in the foreground. Crisis and opportunity are represented by the same Chinese letter.