Category Archives: Financial Market Capitalism

Capital as Climate Killer

Capital as Climate Killer by Tomasz Konicz, June 2018 https://www.indybay.org/newsitems/2018/07/24/18816555.php The growth pressure of the world economy makes a resource-sparing social order only possible beyond capital. The seeming rationality of capitalist goods production serves an irrational end-in-itself – the multiplication … Continue reading

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Interview with Social Philosopher Friedhelm Hengsbach

Interview with Social Philosopher Friedhelm Hengsbach, 2014 https://www.indybay.org/newsitems/2018/07/05/18816326.php The financial markets have uncoupled from the real economy since the middle of the 1970s. Politicians listen and react to every sound from the financial sector. The state allows itself to be … Continue reading

Posted in Financial Market Capitalism, Political Theory, Reducing Inequality/ Redistribution | 1 Comment

Amazon, the Elephant in the Bookshop

Amazon, the Elephant in the Bookshop by Attac Germany and the Alternative Economic Policy study group in Bremen, Germany, 2018 and 2010 https://www.indybay.org/newsitems/2018/06/26/18816019.php Amazon is one of many examples of a gigantic problem. International corporations shirk from contributing their just … Continue reading

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Authoritarian Capitalism and Digital Demagogue

Authoritarian Capitalism and Digital Demagogue by Christian Fuchs https://www.indybay.org/newsitems/2018/06/15/18815689.php 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 … Continue reading

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The World Dependent on Central Banks by Ernst Wolff

The World Dependent on Central Banks by Ernst Wolff, January 2018 https://www.indybay.org/newsitems/2018/04/12/18808407.php The situation seems extremely contradictory. The economy grows, the stock market posts all-time records, the unemployment numbers fall and industry shows optimism. We live in an exceptional situation … Continue reading

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Radical Changes for a Sustainable Economy

From my research, $18 trillion (the amount pumped into the economy to bail out the banks), $214 billion (the amount corporations have spent buying back their stock) and 3 billionaires owning more than 150 million in the US stand out. … Continue reading

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Prohibiting Micro-Second Betting on the Exchanges

Prohibiting Micro-Second Betting on the Exchanges by Urs Gasche, Marc Chesney & Thomas Bieger https://www.indybay.org/newsitems/2018/04/09/18808356.php The financial sector that has gone off course should serve the real economy again in the future. The exchange functions like a gigantic casino with … Continue reading

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The Struggle against Aggressive Tax Avoidance

The Struggle against Aggressive Tax Avoidance by Karl-Martin Hentschel (2016) and Christopher Berker (2008) https://www.indybay.org/newsitems/2018/03/27/18807926.php Experts estimate that a fifth of world wealth is hidden from the tax authorities of states and considerable parts of international corporate profits are not … Continue reading

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Trump – Hard as Steel by Tomasz Konicz

Trump – Hard as Steel by Tomasz Konicz, March 3, 2018 https://www.indybay.org/newsitems/2018/03/19/18807512.php America’s right-wing populist president Donald Trump seems resolved to permanently reduce the enormous American trade deficit through penal duties – at the expense of the export-fixated German political … Continue reading

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“Crash on the Horizon” by Stephan Schulmeister

“Crash on the Horizon” by Stephan Schulmeister, Freitag 08/ 2018 https://www.indybay.org/newsitems/2018/03/16/18807447.php The systemic reasons for the crisis are more important than a sudden fall in prices. Stocks are held on average 22 seconds, not 6 months or ten years. Real-capitalism … Continue reading

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