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More Public Investments are Sensible and Necessary

More Public Investments are Sensible and Necessary
by Philipp Heimberger, September 2016


The state often takes risks when private parties are timid. Low-interest rates create possibilities for expansive budgetary policy. Public investment in the infrastructure and education could benefit future generations by helping raise long-term prosperity and well-being. The one-sided narrowing of budgetary possibilities is excessive and counter-productive.

Related Links

Beigewum, “Zero deficit myth,” Austria, 2000
Mariana Mazzucato, “The Entrepreneurial State,” 2018,

The state isn’t a business or a housewife but can incur debts to help present and future generations. As the leftist think tank Beigewum in Austria explains, the state enjoys a form of “eternal life.” Trump says he’s “in-the-moment” and doesn’t care about history, theory, principles, research or debate. Our challenge is to create robust job-creating schemes, affordable housing, and environment-friendly policies. Imagining that the market will automatically create jobs or affordable housing is illusory, wishful or magic thinking. That China’s investments fell 92% in the first five months of 2018 should make us pause and skeptical about the “deal-maker.”

The future needs public investments in the infrastructure and education. “The swan that floats and doesn’t sink represents the intransitory in the transitory” (Martin Heidegger). “The old gives way tot he new as the snow gives way to the spring” (Rainer Rilke). “The ultimate is the goal of the penultimate” (Dietrich Bonhoeffer). “History shows again and again how nature points out the folly of men” (Blue Oyster Cult, 1977)

more at www.onthecommons.org, www.freembtranslations.net, www.openculture.com, and www.grin.com

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The Beam in the White House and Fatal Triumph

The Beam in the White House and Fatal Triumph
by Horst Schaefer and George Rammer, June 2018


Iran is the “greatest supporter of terror,” declared president Donald Trump. With that, he justified his peace-endangering cancellation of the nuclear agreement with Iran. Reducing foreign policy to scapegoating is Hitlerian. Hitler said the world was laughing at Germany and the Jews were responsible for all distresses and contradictions.

The causes of wars must be sought and fought where the state and the economy team up to enforce capitalist interests.

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Alternative Federal Budget (Canada), 156 pp

Alternative Federal Budget – Feb 2018, 156 pp
from the Canadian Centre for Policy Alternatives

For more than two decades, the Alternative Federal Budget has provided a blueprint for sustainable and equitable growth in Canada. When successive federal governments advocated austerity, we demanded new stimulative investment in social and economic infrastructure. When they said the private sector should deliver public goods, we recognized that some priorities — like expanded health care, housing, and child care — could only be properly addressed by the government. Where governments of all stripes have spent billions subsidizing fossil fuel production and export, the Alternative Budget pointed out it would be far more productive, and more beneficial in the long term, to fund a just transition to a zero-carbon future.

Where the mainstream media obsessed about the deficit, we urged governments to focus on the more important debt-to-GDP ratio and the multiplier effect that public investment would have on the economy…

From Housing Market to Human Right – A View from Metro Vancouver, Marc Lee, May 2018


In other countries, public or non-market housing has long been part of the solution. Across OECD countries, Canada’s social housing rate of 4% is much less than comparable
advanced countries like the Netherlands (34%), Austria (26%), Denmark (22%), France (19%) or the UK (18%).
In Singapore, some 82% of residents live in 900,000 apartments built by the city state’s Housing Development Board. IIn the city of Vienna, Austria, almost half of the total housing stock is social housing, and the city acts as a developer.

Canada can also look to its own history of building dedicated affordable housing in the postwar years. The federal government was central in putting funds on the table for provincial partnerships, often with a 2/3 federal, 1/3 provincial split. Another key player was non-profit community groups, such as church groups and cooperatives, who came together to apply for funds, incorporating land and other equity from fundraising as part of their applications.

Consequently, between the early 1970s and the early 1990s, BC used to bring on stream approximately 2,000 units of new social or coop housing each year. This legacy of social and cooperative housing is more than 50,000 units in Metro Vancouver. Planned federal commitments in the NHS to build dedicated new affordable housing are limited. While efforts to preserve existing social housing through renewal of their operating agreements is notable and most welcome, a dedicated multi-decade pipeline of new affordable housing construction is needed. The headline commitment of 100,000 units sounds large, but it is nationwide, over a period of ten years, and assumes provincial contributions.

Posted in Alternative Economics, Political Theory, Reducing Inequality/ Redistribution | Leave a comment

Authoritarian Capitalism and Digital Demagogue

Authoritarian Capitalism and Digital Demagogue
by Christian Fuchs


Trump is not an individual phenomenon but one of many structural manifestations of the sudden change of neoliberalism into authoritarian capitalism.

The media’s profit-mongering intensifies the visibility of rightwing ideology. Enlightenment has a negative dialectic under conditions of capital.

Authoritarian capitalism represents a crisis of the Left. Socialist humanism is the only remedy against rightwing demagogue.

Posted in Financial Market Capitalism, Political Theory | Leave a comment

Neoliberalism and Authoritarianism – A Symbiotic Pair

Neoliberalism and Authoritarianism – A Symbiotic Pair
by Sebastian Dittrich, grin.com


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, a political system is measured by how well it secures the liberal freedoms. Interest-groups like unions allegedly threaten democracy and force a socially-just redistribution policy on a wealthy minority.

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Neoliberalism or New Freedom for Corporations

Neoliberalism or New Freedom for Corporations
by Elrich Spangenberger, 2010


“The interests of merchants always differ from public interests. As a rule, they are interested in deceiving and misusing the general public” (Adam Smith). Keynes established that the market alone cannot ensure prosperity for everyone. A redistribution of income from top to bottom and regulatory state action are necessary.

Milton Friedman was a supply fanatic and wanted to reduce state influence on the economy.
Public policy means compromise and negotiations and isn’t a sledgehammer slashing everything but the military.

Here’s a link to Robert Pollin’s “Misleading Unemployment Numbers” on truth-out.org, June 2018


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Trade War and Zero Deficit Myth

Trade War and Zero Deficit Myth
by Stephan Krull and Beigewum Austria


State debts are often necessary and are not automatically bad economically. Investments are prerequisites of future prosperity. When private parties spend too little, the state must step into the breach. That the right measures are taken for the population is much more important than whether the balance of revenues and spending is positive, negative or balanced.

The alternative to neoliberal free trade is just trade.

translator’s note:
Immigrants don’t take our jobs or pensions but give the country hope. Food doesn’t come from the blue!

In the bank repeal with Democrats caving, lessons from Dodd-Frank were thrown overboard. In the tax heist, hearings were not even held and $5 trillion went to households with over one million dollars income! The big get bigger. Accumulate, accumulate and accumulate is Moses and the prophets, Marx warned!

Biblical Clues to a New Economy
by Ulrich Duchrow, March 2012, 15 pp

This article is the transcript of the talk
given by Professor Duchrow at the
Eye of the Needle – Conference
March 24th 2012, held at the Vassall Centre, Bristol

The crisis of our dominating Western civilization has deep historic roots that have to be
understood in order to analyze what is happening now and how alternatives can be
The roots of today’s structures and behaviours producing the crises
Today we experience the financial markets as the dominant force of our destructive

more at www.citizen.org, www.grin.com, www.linguee.com, www.onthecommons.org, www.openculture.com

Posted in Austerity, Political Theory, TTIP - Free Trade agreement | Leave a comment

Why has the US gone mad?

Why has the US gone mad?
by Alexander Unzicker and Olivier Zajee, 2018


Donald Trump blames scapegoats. Why does the US permanently seek new conflicts, send terrorists to Syria, organize the Ukraine coup, escalate with North Korea and threaten to bomb wherever it suits them? This aggressive madness that strikes Iran and Russia must have a cause. The real reason for the hysterical nervousness could be that the US is bankrupt.

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They Knew What They Did: Texaco in Ecuador


The world has created a system where businesses only have rights but no obligations. There is no international tribunal that can make businesses liable for human rights violations. What is perverse is that Texaco knew they polluted the land. World corporations refuse responsibility.

They Knew What They Did

Texaco left an unparalleled destruction in Ecuador. Pablo Fajardo fights for compensation

By Theresa Leisgang

[This article published in April 2018 is translated from the German on the Internet, http://www.freitag.de. The company will acknowledge the judgment when hell freezes over. Pablo Fajardo has much to do.]

Posted in Environmental Economics, Human Rights, Political Theory | Leave a comment

Work and Digitalization and A Corpse Governs Society

On the 2018 Day of Labor, many were worried. No one can deny digitalization affects work. Artificial intelligence greatly changes professions and whole branches. Well-paid jobs become scarcer. Rebuilding the social state seems necessary for demographic and digitalization reasons. Capital’s blind flight through history is ending.

Work and Digitalization and A Corpse Governs Society
by Sascha Lobo and Alfred Baumann


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