Being civilized means learning from history

Being civilized means learning from history

The hope is learning from others, seeing life as ambivalent and dialectical, facing and not fading out the expansion of the financial sector and speculation and abandoning the myths of the “bubble and credit prosperity” where banks become too big to fail and too big to control. “Forever number one” has also become a black hole for the global economy as Bank of America turned out to be bad-for-America. Investment is not speculation. The Wall St banks spent $4 billion over the last 10 years in lobbyists and campaign contribution and successfully diluted financial regulations like the Dodd-Frank law. The state has become the “errand boy” for the banks (Bill Moyers). The time is right for alternative economics, reducing working hours and reconsidering state and market and the social nature of the state.

What is rational in microeconomics – like competitiveness – can be irrational in micro-economics where countries try to be super-competitive and end up in mass unemployment, 27 million unemployed in Europe and 22 million in the US.

“Surveying Utopia” – Elmar Altvater and Raul Zelik:

“Five Lost Years” – Joseph Stiglitz (still in German):

Texan towns frack their way to drought conditions

Antonia Juhasz on , 6min …

Anti-Fracking Protesters Block Chevron Test-Drilling in Romania … …

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