Capitalism Criticism 2.0 (tags)
"Capitalism contains crisis as rain clouds contain rain" (Jean Juares, 19th century socialist). Profits increase in the neoliberal model, not investment (Nicolas Krowall). The competitive pressure drives businessmen to reduce investments in labor and wages.
To give a credit to a customer, a bank doesn't need to take the savings of another cutomer from its vaults. It creates the money out of nothing. In a countermove, the bank must deposit money with the central bank. There is a debate whether the creation of money can be left to the banks.
The Autism of Economists (tags)
Analogous to a mechanical system, neoclassicists understood the economy as a perpetual cycle of production and consumption kept in balance by the price mechanism.
The Error is in the System (tags)
The financial crisis mutated into a global economic crisis and a state debt crisis. The financial crisis was not a "bump in the road" or an industrial accident but a systemic and structural crisis that caused $11 trillion of wealth to vanish while millions lost their jobs. homes and pension
The Invisible Hand Doesn't Help Any More (tags)
Neoclassicism starts from the assumpti8ons that people always act rationally and market processes always lead to optimal results on account of the price mechanism. The market fails. Its view of the person as Homo oeconomicus must be replaced by the Homo cooperativus.
Capitalism Criticism 2.0 (tags)
Marx identified the falling rate of profit and the self-destruction of competition as contradictions of capitalism. Wages do not keep up with investments in machinery. Speculation and the explosion of the financial markets were encouraged by deregulation and higher profits.
Last Dance for Capitalism (tags)
Capitalism reaches its inner limit and strangulates itself and the environment. Increasingly effective measures lead to fewer and fewer workers producing ever-greater quantities. The real economy becomes an appendage of speculation bubbles.
The Abolition of the Unemployed (tags)
Researchers urge freedom instead of full employment. With a bsic income, the unemployed would have the freedom to seek for employment that suits them. No one would force them to accept any work. Basic income is a way to solve the dilemma of jobs destroyed by higher productivity.
Capitalism Criticism: Inexorable Struggle for Survival (tags)
"The civilized foundation of cooperative human life is furtively undermined by the capitalist form of organizing society.. Rational objectives often capsize into social irrationa-lity.. Unemployment is a form of violence.."