The High Risk Business of Banks (tags)
The model of financial market capitalism collapsed with the greatest crisis of the financial markets since the worldwide economic crisis at the end of the 20s. The enormous accumulation of financial assets was based on redistribution of incomes continuing for 30 years.
Profits=Investments=Jobs? (tags)
The claimed connection between profits, investments and jobs is not right. Orders-literally demand-are more important than the profits that are investede for the creation of jobs. Market radicals repress market and system failure.
How Neoliberal Ideology Destabilized the World Balance: Krugman and Galbraith (tags)
"If the depression has not openly erupted, all the features of the 1930s are having a spectacular comeback." (Paul Krugman) To free the US from the claws of private interests, James Galbraith urges the public authority to set social and ecological norms.
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.
Satiation or Two Limits of Growth: John Maynard Keynes (tags)
"The first great economic crisis of the 21st century marks the end of a failed political-economic experiment..The past 30 years of redistribution from bottom to top were a glistening epoch for the owners of capital.."
One Nation, Two National Economies (tags)
Max Fraad Wolff is an Economist in NYC,