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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.

Is the Financial Crash 2.0 Coming? (tags)

Market ideology has been on the advance since the 1980s. Only a few voices warned of the risks and instability of the liberalized financial markets. After they profited from the generous bailout packages, the banks began to speculate against the most indebted countries.

Financial War - How Banks and Bandits Endanger our Democracy (tags)

Political failure follows market failure. Participation in system criminality is without risk of prosecution. The financial crisis is not only a system failure. It was caused by human actions in the banking sector that are objectively punishable.

Ideology and Morality: What the Financial Crisis teaches about functioning of democracy (tags)

Moralizing is a form of argumentation found in many ideologies and academic systems of thought.. State interventions, we were taught, are bad because they run counter to the objective laws of the market.. The market is a social institution that we interpret in different ways..

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).

The Financial Crisis and the Failure of the Modern Economy (tags)

The US government debt shot up from 2.9% in 2007 to 5.9% in 2008 and 11.9% in 2009. At the summits of Washington, London and Pittsburg, the goat was made the gardener. Ineffective rules were resolved that hardly helped regulate the financial markets.

The Bank Tribunal in Berlin (tags)

Even today most radical market liberals do not see beyond their ideological blinders and explain the financial market crisis as a state breakdown. The financial catastrophe is a fiasco of their religious doctrine. The catastrophe plunged the dominant economy into a crisis of meaning.

Capitalism Criticism 2.0 (tags)

Marx identified the falling rate of profit and the self-destruction of competition as contradictions of capitalism. Wages do not keep up with investments in machinery. Speculation and the explosion of the financial markets were encouraged by deregulation and higher profits.

The Crisis of Capitalism: Credit-Doping (tags)

"The social market economy blows the wealth of this society in speculation rather than in higher wages, higher pensions or unemployment benefits.. All capital transactions with tax havens should be prohibited.. Instead of democratization, we growing centralization in a few hands.."

Ways Out of the Crisis (tags)

Investments of the state in the infrastructure, in educational- and social services, are urgently necessary. One positive aspect of the crisis is that the financial sector has begun to shrivel. The shriveling of the financial sector must be accompanied and controlled by the state.

The New Feasibility and the G20 (tags)

These fictional articles point to a future after the world turned upside down by financial speculation. They were published in a fictional issue of "DIE ZEIT," the famous Hamburg weekly.

Disarm the Markets! New Attac Basis Text (tags)

The therapy depends on the diagnosis. Mechanisms, instruments and actors can be identified whose action and teamwork led to the crash. The age of a unipolar world was very short. An historical chance is opening against finance capitalism.

GERMANY: Notes on Neoliberalism (tags)

"The neoliberal revolution was the product of an historical development, a reaction to changed circumstances. In its course, many western states in the 1970s and 1980s reordered the relation of state and private power.."

The End of Prosperity (tags)

The wages of sin have come due.

Public Enemy Number One (tags)

Fed- engineered crisis.

Pese a sus crisis, el capitalismo no se derrumbará ... (tags)

La crisis financiera que, en realidad, había comenzado a mediados de 2007 con las primeras quiebras de los fondos especializados en las famosas subprimes, no ha cesado de aumentar hasta llegar a tomar en este verano su forma más aguda.

Psychology of Crisis (tags)

Psychology has a great influence on developments of the world econmy. In Tokyo, the G7 states agreed to avoid negative terms to not worsen the situation. Neither the extreme price drop of the dollar nor of the Yen were mentioned in the final declaration.

Vivisection of Neoliberalism (tags)

"Therer is no such thing as society," said Margaret Thatcher. "The neoliberal understanding of democracy is marked by skepticism and open hostility." (Ptak) That market pressures are often more severe and oppressive is repressedf as long as possible.

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