fix articles 80799, ways out Los Angeles Indymedia : tag : ways out

ways out

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.

Manifesto of French Economists: Why We Are Shocked (tags)

On October 11 three million French workers were on strike against President Sarkozy's authoritarian attacks on social security and pensions. "Despite its obvious debacle, the neoliberal dogma is still regarded as the only correct economic system."

Erich Fromm and His Proposal for a Basic Income (tags)

Philosopher and psychoanalyst Erich Fromm never abandoned his vision of a humanist non-estranged society where persons were not commodified or mere goods producers. His book "Having or Being" was written at age 76.

Alternatives to Capitalism (tags)

Neoliberalism, financial market-driven capitalism, intensifies the crises. However the root of evil lies in the developmental laws of capitalism. Neoliberalism is based on double standards and double speak where CEOs are job creators and workers are cost factors.

Applying the Emergency Brake (tags)

"The US bank model forces others in indebtedness, inflates the money supply, devalues assets and generates virtual dollars..Wall Street banks are involved in a `systemic risk' that endangers the capitalist reproduction process.."

Caught in the Infinite Loop of a Nightmare (tags)

Since politics has no strategies of its own to re-stabilize the economic system, it hopes in the self-healing powers of the market after the bank bailout... The hosts of decision-makers were simply "falsely programmed" in their education.

VIDEO: How to Get Our Democracy Back (tags)

"At the center of our government lies a bankrupt institution: Congress."

"We are in the Greatrest Financial Bubble of all Time" (tags)

"An old world perishes as a new world arises-pictorially comparable to a caterpillar that dies because the butterfly comes to life. What is called financial crisis is only a superficial symptom.. One of the main causes of the debacle is the Americanized corporate governance." (F.Malik)

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.

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