Memorandum 2022 and Memorandum 2023 (tags)
The Bremen study group on Alternative Economic Policy has been publishing analyses since 1975. Sustainable infrastructure Investments, de-carbonization, environmental safeguards, work protections and welfare regulations are primary as well as resisting profit maximization and environmental destruction.
Collective working-time reduction is long overdue (tags)
The overall economic fact is further that from 1960 to 2019 the volume of work (despite reunification) increased only from 56.2 to 62.6 billion hours (by 11.4%), while the potential labor force grew from 26.3 to 46.5 million persons, i.e. by 76.8%.
There is currently no alternative to national debt (tags)
A private economy left to its own devices is completely incapable of immanently combating the crisis. This is especially true for future-oriented investments for ecological modernization that serve climate protection. The vaccine against Covid-19, which will apparently be available shortly, would not exist without govt funding.
Good Housing for All and Rent Madness (tags)
Apartment rents have increased faster thant he incomes of wage earners. Real estate decays to an object of speculation. Capital seeks lucrative investments. Hectic activity and bustle replaces inactivity and idleness since the protests of renters cannot be ignored any more.
The Social State in the Age of Global Capitalism (tags)
Welcome to techno-corporate feudalism-where the richest three Americans have more wealth than 160 million, where the wealthiest 86 have more wealth than 3.6 billion, where the foul-mouthed cancelled free school lunches for 1 million and where market distortions rule.
Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
Trumponomics and Wall Street Rejoices (tags)
Economics should be a part of life, not a steamroller crushing creativity and self-determination. The state should serve the public interest and reduce poverty. Trumponomics is a disaster. The poor, seniors, children and students are under a vicious attack.
Amazon, the Elephant in the Bookshop (tags)
Amazon is one of many examples of a gigantic problem. International corporation s shirk from contributing their just share to financing the community. Hosts of advisers and lawyers have created a "tax avoidance industry."
Memorandum 2017: Alternatives for a Solidarity Europe: Instead of "Germany First" (tags)
The European Union is at a crossroads. The reason lies in the neoliberal redistribution policy favoring capital incomes over many years. "Mass unemployment intensified and was not ended in Europe. Millions of those with work are in precarious working conditions."
Competition Ideology and Power Reality (tags)
Competition cannot be an end-in-itself. Uncontrolled private power leads to misuse. Uncontrolled competition increasingly destroys itself through concentration and centralization processes. Bastard Keynesianism helps the banks. People diverted from real cause of crises
Trumponomics: Failure Pre-Programmed (tags)
Macro-economic and ecological connections are simply ignored with the concentration on short-term profit. The planned reduction of corporate taxes from the current 35% to 15 or 20% recalls the Laffer-curve as the basis of Reagan's fiscal policy error.
Low Taxes is an Act of Desperation (tags)
A low business tax can be counter-productive if a deadbeat infrastructure arises through lower state revenues. Lowering business tax rates leads first to enormous budget holes. Employees will bear this burden at the end.
The ABCs of Meaningless Economic Phrases (tags)
The most common myths start from the tax state that burdens the economy, the housework ordered by the state (save,save,save) to the Schwabian housewife prescribing the austerity creed. Politics must tend to every need of capital as a scared doe and therefore lower taxes.
For 40 years, the Bremen study group has published memorandums. The council of experts promoted the profits of businesses, not aggregate economic demand. Mass unemployment surpassed the 5 million mark because of neoliberal structural reforms.
The Lie of the Weak State (tags)
The good condition of German labor markets is in reality in a catastrophic state...Unemployment is an "act of violence" against every unemployed person and represents an enormous waste for society as a whole.
Average wages in the US are lower than 30 years ago. Profits and income inequality explode, not investments. The austerity policy that has always worsened unemployment and economic growth is promoted as without alternative by German chancellor Merkel.
Less Growth and Less Work (tags)
French economist Thomas Piketty described neoliberalism or finance capitalism as an "inequality machine." Profits soar and investments are delayed. Keynes spoke of three phases: investments, surplus and stagnation. Reduced working hours is the only way to full employment.
Both Germany and the US follow an economic policy without enlightenment. Slight economic stimulation will not solve problems of mass unemployment and corporate welfare. Tax evasion of corporations and tax cuts for the super-rich lead to suffering and a revenue crisis.
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.
How Does Justice Come to the Economy? (tags)
For Immediate End of Austerity Policy in Europe (tags)
The growth model forced in the past with redistribution from bottom to top and increasing export surpluses has failed. For years, the demands of the Alternative Economic Policy study group emphasized combating unemployment and poverty and, taming the financial markets.
Growth Euphoria and Distribution Reality (tags)
The chasm between poor and rich opens even more. The uncoupling of growth and quality of life on one side and productivity and work volumes on the other side make clear that "business-as-usual" leads to growing problems. German GDP grew 300% with 20% fewer workers.
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.
"The barbaric core of capitalist socialization is on full display in the present system crisis. The propagandists of totalitarian economism come in the mask of democrats. Economic-profitability thinking is imposed on society. Our society has long been viewed as a business."
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.
Overcoming the Dominance of Finance Capital (tags)
Changing power relations means taking up the social and political struggle against finance capital and regaining control over social resources. Reversing the redistribution of income from top to bottom is a prerequisite for containing the money flows in the financial sector.
Memorandums on Alternative Economic Policy (tags)
The social state, solidarity, sharing and social justice open doors while neoliberal deregulation leads to exploding inequality, generalized insecurity and disappearance of the public spirit.
More Employment through a Different Distribution (tags)
More employment comes through reduced working hours and public investments more than tax subsidies. The state has destroyed jobs. The global attack of neoliberalism has gravely damaged the democratic welfare state.
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.
Capital Needs a Counterveiling Power (tags)
Functionless profits do not lead to more investments..The market, competition and profit are not ends in themselves. The economy exists for people, not vice versa.
Memorandum 2005: Alternative Economic Policy (tags)
In Germany and the US, the corporation is often stylized as the suffering servant. The market is made sacrosanct; all problems are defined as interferencs with the market. Profits soar and investments fall. Corporations pay increasingly less tax.