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Category Archives: Financial Market Capitalism
How the World Heads for the Next Crash by Yves Wegelin
How the World Heads for the Next Crash by Yves Wegelin, 2017, woz.ch https://www.indybay.org/newsitems/2017/06/26/18800433.php The greed for money seduced bankers to take greater and greater risks. So they granted mortgages to destitute Americans that they sold as securities to other … Continue reading
Close down the casino economy!
Close down the casino economy! Attac Germany 2009 “Disarm the markets!” When Attac was founded in 1998, this slogan was formulated against the backdrop of the financial crash in East Asia…What is needed are real changes towards another paradigm, where … Continue reading
Democracy and the Uncanny Power of Money by Harald Schumann
Democracy and the Uncanny Power of Money by Harald Schumann. 10/1/2016 http://portland.indymedia.org/en/2016/12/433913.shtml Growing inequality is the greatest political problem of our time. Governments are often only actors or puppets of an anonymous regime for the benefit of the privileged where … Continue reading
Bernie is the electable one!
Investor Rights Agreements are not trade agreements and governments that don’t allow agreements to be read by officials or the public should be shamed into economic democracy. Transparency should not be made a nonsense word. If it is made a … Continue reading
Happy Canada Day! 50% off in July
Happy Canada Day! Imagine a country without Wall Street and the Pentagon! 50% off in July on the new 159-page ebook anthology “Alternative Economics: Reversing Stagnation” from Smashwords.com. Mainstream trickle-down economics is helpless in reversing exploding inequality and precarious jobs. … Continue reading
Neoliberalism: Oversold?
Neoliberalism: Oversold? The IMF Reconsiders by Jonathan D. Ostry, Prakash Loungani and Davide Furceri June 2016 4pp – pdf http://www.imf.org/external/pubs/ft/fandd/2016/06/pdf/ostry.pdf Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion Milton Friedman in 1982 hailed … Continue reading
The state should represent the public interest
The risk managers turned out to be the risk creators! The goat pretended to be the gardener! Corporatists turn private risks into public risks and put the cart in front of the horse and wonder at the destruction! Bernie could … Continue reading
The Financial Market Crisis in the Light of the Social Market Economy
to read Jorg Althammer’s article, click on http://portland.indymedia.org/en/2016/04/432012.shtml In 2007 and 2008 the US housing market almost completely collapsed. The crisis was brought about by a combination of state- and market-failures that intensified each other. The failure of the capital … Continue reading
New Ebook Anthology “Alternative Economics: Reversing Stagnation”
New 159-page ebook anthology “Alternative Economics: Reversing Stagnation” by Marc Batko, $2.99 from Barnes & Noble Nook ebooks: http://www.barnesandnoble.com/w/alternative-economics-marc-batko/1123209914?ean=2940157719968#productInfoTabs The time is right for alternative economics, reducing working hours, redefining state and market and re-envisioning work, security, health and strength. … Continue reading
Casino Capitalism and Profit Maximization
Casino Capitalism and Profit Maximization by Gunter Grzega and Myth: Public Services Sector is More Inefficient by Sven Hergovicth https://www.indybay.org/newsitems/2015/11/25/18780329.php In the 1960s the average holding time for stocks was 10 years. Now the holding time is not 9 months … Continue reading