The pace of business rationalization has accelerated to such an extent that in the core sectors of world market production, fewer and fewer workers are needed despite growing output of goods. Thus, the development of productive power has reached a point at which it makes absolutely more labor superfluous in each period.
The work critique of millenials and A new universalism of emancipation (tags)
The 4-Hour League, an alliance founded in 2016 to campaign for the 4-hour day is concerned with pushing back wage labor to have more time for a good life, for a gender-just redistribution of care activities and putting an end to the over-exploitation of nature.
Labor fetish and anti-semitism (tags)
"Work makes you free" was written above the gate of the Auschwitz death camp. How did the Nazis come up with that? Isn't work something meaningful, something good? What does it have to do with Auschwitz, of all places? Because work and meaningful activity are, two different things.
The true costs of capitalist wealth (tags)
What drives the capitalist mode of production is the endless compulsion to increase abstract wealth, or, put more simply, the compulsion to turn money into more money... Society is richer than it knows, because it does not take all kinds of wealth factors into account in GDP.
Workout. The Crisis of Labor and the Limits of Capitalist Society (tags)
The Third Industrial Revolution represents a qualitative break in the history of productivity growth. This is because microelectronics facilitated a radical reorganization in production overall such that labor lost the central importance that it previously had and the application of knowledge became the main force.
Climate Crisis and Social Transformation in the Age of Corona (tags)
The temporary moratorium on economic activity in large parts of the world has done nothing at all to change the fundamental logic of the capitalist mode of production, which is driven by the end-in-itself motion of endlessly reproducing abstract wealth, represented by money.
Why capitalism compels renunciation and we could work less (tags)
How much human and natural resources are squandered on taxation, trade and advertising, how much on labor administration, justice, police, prisons, armaments, military? How many people work overtime without end, suffer heart attacks and burnout, wear themselves out in the brutal competition?
Climate crisis and social transformation in times of corona (tags)
Companies go bankrupt, workers are laid off, and because the sources of income dry up, millions of people can no longer even buy the most basic necessities... What counts is whether the things produced can be sold on the market and make a profit.
Climate crisis and social transformation in the age of Corona (tags)
Material wealth in the form of useful things and utilities is only a means subordinated to the objective of capital accumulation and is sacrificed when that objective can no longer be achieved… Without the state, capitalist society would fly apart immediately.
To Krugman, the increasing ideological blindness of German politicians can only be explained by their belief that "hard times must be the necessary punishment for earlier excesses." Krugman overlooks that the hard times and excesses do not concern the same people.
Economists Argue over Distribution Question (tags)
More and more economists take distribution questions seriously. When inequality becomes too great in a national economy, the economy becomes unstable. Private indebtedness and income inequality massively increased in the US Financial markets uncoupled from real economy
Neoliberalism was the Godfather of the Financial Industry (tags)
Keynesianism was replaced by neoliberalism that guided the fallow investment capital into speculation.The development of social systems and the rise of real wages contributed to social peace and stabilizing the economic upswing by strengthening mass consumption.
Democracy, risk and liability are turned upside down when trillions bailout the banks and workers, pensioners and unemployed must pay the bill. We live from those who say No to corruption, to the state reduced to a trough or errand boy for the banks (Bill Moyers).
The "return of the state" as crisis administrator (tags)
The prodigious inflation in the financial markets over the last 30 years was not caused by wilful or incorrect political decisions, but is the expression of a structural crisis of the valorisation of capital, a crisis that began with the end of the post-war Fordist boom.
Tremors on the Global Market (tags)
The causes of the current crisis in the international financial markets, which is threatening to develop into a genuine global market crisis, have been attributed by almost all commentators and economic experts to the uninhibited freedom granted speculation.