fix articles 73030, norbert trenkle
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.
Downward Spiral (tags)
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.
The Great Devaluation (tags)
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).
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.