Who can afford capitalism anymore? and Why are prices rising? (tags)
When the state now debates the need to create relief packages for employees, pensioners, unemployment benefit recipients, trainees and families, this is official confirmation that the result of wage labor is also poverty. The majority of citizens find themselves in a dual role...
Raising interest rates to fight inflation is a crazy idea (tags)
A wrong analysis of the causes of inflation leads to wrong countermeasures. Wage restraint means a loss of purchasing power and does not change the increased energy prices. Higher interest rates will make loans more expensive, lead to less investment, eg renewable energies.
How Neoliberalism Gained Hegemony (tags)
The pressing question is why do the masses vote against their own interests and applaud those who champion goals opposed to their well-being or welfare? Ideas prevail because power is on their side, not because they are better. Neoliberalism went from sect to cultural hegemony
Budget Cuts and Happy Times (tags)
For around three decades, a Troika from Wall Street, the US Treasury Department and the Federal Reserve pushed global (capital) investments with a mixture of tax cuts, cheap credits and overrated securities.
Time for a Bad Ideas Bank (tags)
The global economic disaster plunges economics into a legitimation crisis-not yet noticed by the vast majority of the affected. The current financial crisis involves dogmas that markets function best and correct their own mistakes.