Congressional Hearing Examines Puerto Rico Debt Crisis (tags)
The US House of Representatives held its second hearing on Puerto Rico's debt crisis this year. The hearing focused on potential legislative solutions including bankruptcy protection and an economic oversight board
Video: It's Time to Get Radical On Inequality, Stiglitz, 18 min (tags)
We are the least consistent with the American Dream. An economic system that doesn't raise standards is a failure.
Modesty as an Economic Model (tags)
"This completely deregulated sphere (derivatives) ultimately grew to greater dimensions than the real economy. That was undoubtedly absolute madness..A smaller financial sector need not be unconditionally bad.. The economy is a faith like every other..."
Vulgar Materialism: The Madness of Growth and the Casino (tags)
Renouncing on growth or tolerating a shriveling economy is hard. Greece is a shocking example. Many people cut down the last trees because they could not afford heating oil. Nature is the first victim in an economic crisis. Whole generations are traumatized.
The great austerity war (tags)
The great austerity war: what caused the US deficit crisis and who should pay to fix it? The right-wing coalition has been so successful over recent decades that the long-run challenges facing the country today are daunting.
Common Welfare Economy: An economic model for the future (tags)
The Common Welfare Economy provides an economic systemic alternative to the free market as well as to the centrally planned economy, a completely different way and partly also a synthesis from both major historical concepts.
From the Debt Showdown into Recession (tags)
The scenario of an economic double-dip is very likely without additional economic measures. The budget cuts may bring about a recession. The republicans in Congress threaten to concoct an economic crisis if they are not allowed to cut spending. Our greatest problem is low spending.
The Silence of Economists (tags)
In 1936 Keynes was the first established economist who explained how a free enterprise system in no way realized a state of balance by itself. The state must take an active role in crisis times to prevent an economic downswing ending in a catastrophe.
The Crisis and the Left: Democratizing instead of Privatizing (tags)
"Neoliberalism has no future..Since time immemorial, (neo-) liberals have wanted as little democracy as possible as an unavoidable evil that should not get in the way of the real kingdom of freedom, the capitalist market economy.."
Recession Raises the Question of Meaning (tags)
The facade of a sound world suddenly crumbles. Are the funds available to the productive economy or are they sinking in the swamp of a degenerate global financial- and economic system? An economy that prioritizes human needs and nature is primarily regional.
The new typoe described by the sociologist Christopher Lasch in his book "The Blind Elite" is unscrupulously fixated on economic calculation.. He cannot feel a sense of responsibliity for the community of a city, region or country.
Time for an Economic Bill of Rights (tags)
It is time for the Democratic Party to put up or shut up.
Unprincipled capitalism shouldn't be for export (tags)
The corporate scandals caused by a handful of U.S. companies have highlighted the importance of rigorously adhering to American principles and the rule of law.