Mking the Kingdom of God Present (tags)
Freedom does not come from the market. Rather, in socialist terms, we need a market to which we are free. What we have, on the other hand, is a market that dictates everything. Our Mrs. Merkel says that democracy must conform to the market. What we have developed in our work in Costa Rica runs exactly the opposite way: the market must conform to democracy.
The big crash isn't just hitting the stock markets (tags)
The author reminds us that "never in history has a crisis been solved by printing money." The states and central banks had "maneuvered themselves into a dead end from which they can no longer get out" through their own fault.
From the irrationalism of the market to the irrationalism of life in neoliberalism (tags)
Reason is not allowed to question the market but accepts it as a neutral and objective authority. The market takes the place of reason on a collective, social level. By definition, compulsion does not come from the market.
On the Power of Money: Three by Eugen Drewermann (tags)
Only faith (as in a religion), the "invisible hand," the "law" of the "free" market can judge everything. State interventions can only be annoying. The market itself is allegedly "social". Everyone acts according to his advantage. The system is not social but criminal and unjust.
Hayek and the Social Question (tags)
Hayek, author of Road to Serfdom, said the market was self-healing and market outcomes were just outcomes. In his book "Submission is Freedom," Schreiner explains how public investments and market corrections are vital.
Neoliberalism and Authoritarianism - A Symbiotic Pair (tags)
Rightwing populist parties mix the conventional rightwing authoritarian political style with neoliberal economic ideas emphasizing the free unregulated market and the sleek but strong state. For Hayek, unions allegedly threaten democracy and force a just redistribution policy.
Republicans against the Poor and the Sick (tags)
The US is experiencing a dramatic deterioration of its public health. President Trump is now trying to make the ACA "implode" through decrees. The insured are reacting to their higher premiums. A series of states have filed actions against the decrees.
Self-Serving Politicians Behind Legislation – Robert G Tronge (tags)
To protect our children, It’s an emergency, if the passage of this law saves just one child then it has served its purpose. We have all heard these type of comments from our legislators. Friedrich August von Hayek once wisely said.
The Unending Story of the Achievers (tags)
All personal and corporate success depended on state investments in roads, schools, hospitals, community centers, airwaves, food safety and water quality. The achievers' myth ignores this, Austrian researcher Bruno Rossmann explains.
The Totalitarianism of the Market (tags)
Neoliberalism demands reeducation for its implementation like command socialism. The neoliberal view of the person is exemplified by the figure of the Homo Oeconomicus and is the antipole of the socialist person. All persons are entrepreneurs of themseves.
Capitalism as a Religion (tags)
"Capital is the only god that the whole world knows, sees, touches, smells, tastes and excites all our senses. It is the only god that doesn't encounter any atheists" (Paul Lafargue's little known genial satire "Religion of Capital" from 1887.
Neoliberalism as a movement and ideology is a world of ideas where egoism and personal responsibiilty are celebrated, the social is faded out and no place exists for solidarity and social balance. Everyone is the creator of his own happiness here.
The Rich are the True Social Parasites (tags)
In the past, social events and revolts shaped a generation. That changed in the 1990s. Identity is drawn from the consumption of brands. Therefore the public longing today is for better products and no longer for a better world.
Neoliberalism Blames Individuals for Inequality (tags)
In neoliberal theories, social justice is not a meaningful category and social inequality is a necessary result of market processes. Performance justice is a necessary illusion. Responsibility for poverty and misery is often shifted to individuals with the worst genes.
Homo Economicus and Dethronement of the Profit Principle (tags)
Max Frisch summarized economism int he formula: "what brings profit is rational." Economism is a business ethics conception, a justification theory for profit maximization that declares ethics superfluous. Ultimately this is an "ethic" without morality.
How Economists Change the World (tags)
Theory development is also a war over dominance. The goals of Hayek's war were expulsion of the Keynesians, liberalization of the financial markets, abandonment of full employment policy, dismantling the social state and weakening unions.
Economics is Onesided and Reactionary (tags)
The homo oeconomicus cannot be our hope and is not desirable or future-friendly. The economic benefits to the capitalist entrepreneur are in contradiction to nature and to the person..We face completely oversized financial markets that have uncoupled from the real economy creating value.
Capitalism and Its Crisis Proclivity (tags)
The liberal economists of the 19th century claimed no crises could occur in capitalism since every supply creates its demand. On the other hand, Marx and Engels recognized early on the causes for crises in capitalism. The contradictions of the accumulation process lead to crises.
Investment Protection at a Crossroads (tags)
TTIP gives foreign investors the right to sue sovereign governments before ad hoc arbitration courts when lost profits occur as a result of political decisions. These decisions cannot be appealed and undermine social, environmental and labor regulations.
Labor Solidarity in Neoliberal Structural Change (tags)
The self-regulating market and the invisible hand were neoliberal theories of Frederick August von Hayek and Milton Friedman. Submission to the market was described as a natural law, as natural and self-evident as the rotation of the planets. Solidarity and unions were decried as barriers.
Newspeak Rules: How Neoliberalism Explains the World (tags)
Originally positive terms were devalued in the last decades (social state became "welfare dictatorship") Social dislocations are charged to the impacted themselves. The scandal of poverty mutates to the scandal of the poor themselves.
America's Left and Romney's Economic Agenda (tags)
Axel-Fair Schulz is a professor of political science at the State University of New York, Potsdam.
Economics' sharpest critics regard it as an auxiliary science of astrology, a sect that sings its same little song. Classical authors like John Kenneth Galbraith are finally rediscovered. Exactness is impossible. The coming generation should be protected from mono-cultural ideology
The Crisis of Financial Market Capitalism as a Challenge for the Left (tags)
The crisis of neoliberal financial market capitalism broke out in its center and has one central systemic cause. This crisis was triggered by the independence of the financial sphere... A solidarity mixed economy, democracy and peace are alternatives.
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.
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.
"The Market Has No Heart": Paul Samuelson (tags)
A post-Katrina economics must emphasize parallel worlds, solidarity and human dignity to safeguard long-term necessities and creativity. If all countries only become more competitive, mass unemployment will result. What is public must remain public.
The Crisis of Work and its Future (tags)
"Producing more with less labor, distributing the fruits of technical progress better, crea-ting a new balance between required work and freely disposable time and giving every-one the possibility for a more relaxed life and more varied jobs are the new goals.."
Every search for alternatives must question the "great narratives" of the free market, efficiency, competition and entrepreneurship. Economic laws could be analyzed as social constructions and economic models as social models.