Category Archives: Financial Market Capitalism

Is Economic Speculation a Form of Structural Violence? by Rene Steenbock

Is Economic Speculation a Form of Structural Violence? by Rene Steenbock, 2013, grin.com http://portland.indymedia.org/en/2018/01/435451.shtml According to neoclassical economic theory, the financial markets always return to equilibrium. Problems only occur because of state intervention. The 2008 financial crisis should never have … Continue reading

Posted in Financial Market Capitalism, Political Theory, Reducing Inequality/ Redistribution | Leave a comment

Death and taxes. The global tax race to the bottom is about to begin

Death and taxes. The global tax race to the bottom is about to begin by James S. Henry, The American Interest, Dec 21, 2017 https://www.the-american-interest.com/2017/12/21/ladies-gentlemen-take-places/ t may be a long time before we fully understand all the implications of the … Continue reading

Posted in Articles, Financial Market Capitalism, Thomas Piketty | Leave a comment

Base Erosion and Profit Shifting (BEPS) by Olesya Kazantseva

Base Erosion and Profit Shifting (BEPS) by Olesya Kazantseva, 2015 https://www.indybay.org/newsitems/2017/12/06/18805126.php Closing tax havens, ending tax competition, and prohibiting profit-shifting are necessary for a fair tax system. The richest 1% in Pennsylvania could receive another $3 billion from Trump’s tax … Continue reading

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

The Driving Force of Global Inequality: Tax Avoidance

The Driving Force of Global Inequality: Tax Avoidance by Gabriel Zucman, Harald Schumann and Fabio De Masi, November 2017 https://www.indybay.org/newsitems/2017/11/21/18804700.php Behind closed doors, a powerful industry has developed worldwide since the 1980s. Business groups assign profits to different subsidiary firms … Continue reading

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

The Welfare State in Crisis by Philipp Kramp

The Welfare State in Crisis by Philipp Kramp, Grin.com, 2012 http://portland.indymedia.org/en/2017/10/435189.shtml Since 2008, the world has held its breath through the financial crisis, the economic crisis, and the euro crisis. The crisis was the defining political theme. “No one should … Continue reading

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

The Fairy-tale of the End of the Financial Crisis by David Stein

The Fairy-tale of the End of the Financial Crisis by David Stein, June 1, 2017 https://www.indybay.org/newsitems/2017/10/09/18803518.php Between 2008 and 2010, the EU Commission approved state aid of 4.3 trillion euros. The potential crisis of the global economy has grown and … Continue reading

Posted in Financial Market Capitalism, Neoliberalism | Leave a comment

State Indebtedness as a Power Strategy by Mohssen Massarrat

State Indebtedness as a Power Strategy by Mohssen Massarrat 9/27/2017 https://www.indybay.org/newsitems/2017/10/04/18803447.php Contracting debts exploded under neoliberalism since the 1980s – unlike the state debts in the Keynesian era from the 1950s to the 1970s – and produced a structural debt … Continue reading

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

Alternative Economics and Philosophical Reflections

I’m in a great euphoria with two books available from Amazon Kindle in 72 hours. You can order the two eBooks “Philosophical Reflections on the Economic Crisis” ($3.99) and “Alternative Economics: Reversing Stagnation” ($3.99) from amazon.com. You can download their … Continue reading

Posted in Alternative Economics, Financial Market Capitalism, Reducing Working Hours | Leave a comment

Who Owns the Wealth in Tax Havens?

to read the report by Gabriel Zucman and others published in September 2017, click on http://gabriel-zucman.eu/files/AJZ2017b.pdf

Posted in Financial Market Capitalism, Thomas Piketty | Leave a comment

Tax Avoidance: Drastic Consequences for the Public

Tax Avoidance: Drastic Consequences for the Public by Philipp Gerhartinger, Nov 6, 2014 http://portland.indymedia.org/en/2017/07/434909.shtml Taxes are the most important foundation of all governmental activities and public services. Tax sovereignty is the heart of nation-state sovereignty. The economic activity and profits … Continue reading

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