There is an alternative to maximizing profits (tags)
In a new encyclical, the Pope denounces the pursuit of profit. The Sonntagszeitung spoke about this with the business ethicist Peter Ulrich. He defends the Holy Father, criticizes the managers and calls for economy for fifth graders..Financial products seek to make money out of money, without the inconvenient real economy.
Alternatives to Maximizing Profit and The Fragility of Power (tags)
We must look for the "signs of the times" that point to the coming of the Kingdom of God or, as John Holloway puts it, the signs "of the presence of the material power of the cry." The world of struggle against the instrumental power that oppresses and exploits often seems invisible.
Brave New Working World (tags)
Classical working conditions and social securities dissolve. Ulrich Beck speaks of this world as a world risk society that will be marked by risky freedoms. To counter this, he develops the vision of a citizen society. How can the state compensate for the loss of taxes through paid work?
Wealth is not a Private Affair (tags)
The US faces a revenue- and a war-spending crisis. The top tax rate was over 70% from 1938 to 1982; corporations put trillions in tax havens. Alternative economics emphasize profit maximizing is not profit making. In financial capitalism,Profits explode, not investments.
Profit-Making is Different Than Profit-Maximizing (tags)
Discussions of jobs and the economy are often marked by trivialization, distortion, unreality and wishful thinking, The neoliberal model promotes profits, not investments and rationalization and digitalization lead to mass unemployment. System analysis and market failure are often glossed over
Beyond Development: Alternative Visions from Latin America, 198 pp (tags)
Studying Economics Today is Like Brainwashing (tags)
The blind trust in efficient markets must be replaced and bankers given a new understanding. Profit making is different than profit maximization. Banks should be a public function, not a casino and the real economy and the environment not abandoned.
Who is Saving Whom: Debunking the business case for ethics (tags)
Ulrich Thielemann is a professor of business ethics at the University of St. Galen, Switzerland.
Economic Ethics After the Crisis (tags)
Peter Ulrich is an emeritus professor of Economic Ethics at the University of St. Gallen, Switzerland and author of Integrative Economic Ethics (2008). The economy should be embedded in society; society should not be embedded in the economy. The invisible hand is a myth to be unmasked.
The Loss of Respect of the Economic Elite is Enormous (tags)
The embedding of the market and the economy in the civil society is the challenge of the 21st century. Tax shelters or havens must be closed. The wealthiest 400 Americans have more wealth than 150 million people. Time for Plan B, alternative economics and reduced working hours!
Fallen Stars: On the Greed of Bankers and a New Morality (tags)
The economic ethicist Ulrich Thielemann explains how greed, false theories and the herd instinct caused the massive financial crisis. They had the theory when we make profits that is ultimately good for everyone.
The Casino is Closed: Reasons for the Crash (tags)
Ulrich Schafer discusses the greed for fast money, a world without rules and why the market alone cannot regulate everything. The crisis has a pre-history. The state simply abandoned control over many economic areas. The financial world in particular was left to itself.
Faith in the Invisible Hand of the Market is Over (tags)
The people will not be so easily convinced of liberalization, deregulation and privatization. On the contrary, people will have a clearer consciousness of the primacy of politics. The false incentive systems in the businesses must be removed.
The Financial Crisis in Biblical and Theological Perspective (tags)
The owners of capital started to create a bubble in the financial markets through various kinds of speculation in order to drive up the returns by derivatives, options etc, creating Casino Capitalism, de-linked from the real economy.
Life is More than Capital (tags)
Ulrich Duchrow and Franz Hinkelammert focus on the mis-developments in the third world where privatization of the water supply led to higher prices. international conglomer-ates made profits and paid no local taxes.
Humane Freedom and the Free Market (tags)
"MOre free market is a social-political program involving a redistribution of power and money - in favor of a few special interests of the already rich and powerful.."
Literacy in Economic Questions (tags)
The neoliberal total market was created through political strategies, above all the installation of dictatorships by the secret service and military interventions of the US, not through democracy.."
Economic Growth Alone Cannot Solve Social Problems (tags)
One of the central questions of this century is: How will we deal with the losers of this economic dynamic so we don't ignore their status as free citizens?.. No country has ever solved social problems by means of economic growth alone.
Lars Ulrich vs. Chuck D re: napster (2000) (tags)
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