- Break away from conventional trickle-down economics.
A future-friendly economics is necessary, and possible.Poverty is man-made, and not inevitable.
Produced by a myopic worldview, there is an alternative.
Category Archives: Financial Market Capitalism
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
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
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
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
“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
Crisis 2.0: A Policy for the 99% by Hans Baumann
Crisis 2.0: A Policy for the 99% by Hans Baumann, Beat Ringer, Hans Schappi and Johannes Wickli, 2011 https://www.indybay.org/newsitems/2018/03/14/18807372.phpThe capital surpluses are a constant source of speculative waves and manoevers regarding securities and currencies..The crisis of state finances is mainly … Continue reading
Lori Wallach and Michael Hudson Debate Trump’s Plan to Impose Steel & Aluminum Tariffs, 37 min
Lori Wallach and Michael Hudson Debate Trump’s Plan to Impose Steel & Aluminum Tariffs DemocracyNow.org, March 8, 2018, 37 min https://www.democracynow.org/2018/3/6/lori_wallach_and_michael_hudson_debate Video: How Democracies Die, 1 hr 12 min, 1/31/18 https://www.c-span.org/video/?440037-1/how-democracies-die Civil society and people-power counter abusive power! Don’t let … Continue reading
Trump Signs Massive Spending Bill as Stock Market Tanks
Maybe Trump should be called the bankruptcy president taking billions from K-12! Corporate wealth at the expense of the future! The $6 or $8 billion should be returned to HUD. Only hypocrites and scoundrels would punish public housing, an achievement … Continue reading
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
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