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Ignoring the Limits

to read the articles by Sonja Fercher and Georg Feigt, click on

This crisis is only another warning shot of the current economic system and could offer a unique window of opportunity to leave behind the neoliberal path of development taken since the end of the 1970s. The measures taken after the 2008 crisis have a symbolic nature and aren’t effective regulations of the financial markets. The root of the problem must be treated and this root is the economic model based on growth and exploitation of nature.

Posted in 2011 | Leave a comment

Coup from Above by Wilhelm Neurohr

Coup from Above
TTIP and Democracy
by Wilhelm Neurohr, October 1, 2015


Free trade agreements serve geo-political goals. They are the “weapons,” so to speak, in the global economic war. They produce a few winners and many losers. Critical persons see through this and rebel against “corporate rule” and against the dissolution of the primacy of politics by the primacy of the economy…

Unelected trade commissioners prepare a coup from above – in a secret mission with hundreds of lobby organizations and transnational corporations. Our elected politicians should not be involved as accomplices and henchmen. Mammoth corporations have more power than emperors and popes ever had. TTIP is the final struggle. If TTIP passes,the crucial battle is lost.

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New Ebook Anthology “Alternative Economics: Reversing Stagnation,” 135 pp


This new ebook anthology will be available from Smashwords.com from Feb 22 for $3.99!

The anthology “Alternative Economics: Reversing Stagnation” includes 3 translator’s introductions, 3 poems from the translator, 12 articles by Tomas Konicz, and articles by Ulrike Herrmann, Helmut Martens, Franz Garnreiter, Sven Giegold, Karl Georg Zinn, Mohssen Massarat, Joachim Bischoff, Andreas Kolbe. Attac and the Rosa Luxemburg foundation. New priorities, assumptions and policies are vital. Less
The financial sector should be shriveled and the public sector expanded. The myths of self-healing markets, efficient financial markets, nature as a free good, external and sink, infinite growth in a finite world, quantitative growth and the exact sciences eclipsing qualitative growth and the human sciences (history, literature, play, language, sociology, political science, philosophy) and private opulence next to public squalor (cf. John Kenneth Galbraith) must call us to rethinking – individually and collectively.

Alternative Austrian, Swiss, Polish and German economists can alert us to the bankruptcy of austerity policy and fiscal policy aiding capital at the expense of workers and the environment. The future economic policy must be regional and decentralized. A post-materialist economy is possible as we transition from excess to access and more to enough. Work, health, strength, security and happiness can be redefined. The rights of nature can be respected in a future of moderation, equality and freedom.

More and more is produced with fewer and fewer workers. Work and income have uncoupled as people cannot survive on their earnings from work and depend on credits and loans. Reducing working hours is a response to increased productivity and is the only way to assure everyone of the right to meaningful work. Reducing working hours, as Michael Schwendinger explains, is a socio-economic investment that protects long-term health interests and gives people more time sovereignty

Here is an thumbnail outline of several alternative economists. Peter Ulrich is a Swiss economist. The economy must be embedded in society. Society must not be embedded in the economy. Ulrich Thielemann is a Swiss and German economist. Profit making is not profit maximizing. Studying economics today is like brainwashing. Tomasz Konicz is a Polish economist. The 30 year crisis is not an Obama crisis. Wages were stagnant for 35 years. Credit was expanded. Families worked 3 or 4 jobs. Health care, education and housing became unaffordable. The US became a black hole for the global economy.

Personal performance always depends on the work of past generations and state interventions. Americans fall to a new feudalism with the deserving and undeserving, fear-mongering and racism. Pragmatism or market religion often replaces vision, principle and courage. Confusing speculation and investment makes the next crisis inevitable. Wall Street banks spent $10 billion in campaign contribution and lobbying ensuring corruption, weak financial deregulation and shifting private losses to public taxpayers.

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Translator’s Foreword

Translator’s Introduction

Three Poems for the New World


1. Ulrike Herrmann: The Crisis of Economists

2. Helmut Martens: Social Inequality Today

3. Attac: Learning Economic Democracy


Causes of the Global Financial Crisis

The Neoclassical Crisis Narrative

The Keynesian Crisis Narrative

The Marxist Crisis Narrative

4. For the Renewal of Economics: Memorandum of Shocked Economists


1. Tomasz Konacz: From Real Estate Speculation to Collapse of Global Deficit Economy

2. From the Debt Showdown into the Recession

3. The Crisis Explained

4. Democracy in Crisis: The Terror of Economy is a Danger to Democracy

5. The Extremist Society

6. In a Vicious Circle

7. Addicted to Liquidity Injections

8. Tea Party: Extremism of the Middle

9. Financial Market Inflammation

10. Ways Out of Capitalism

11. Everything Must Go!

12. The Great Liquidity Bubble

13. Joachim Bischoff: Finance-driven Capitalism

14. Joachim Bischoff: Alternatives to Stagnation and Depression

15. Karl Georg Zinn: The Catastrophe Has Already Begun


1. Mohssen Massarat: Less Growth and Less Work

2. Mohssen Massarat: The Military-Industrial Complex is the Greatest Threat for World Peace in our Time

3. Michael Schwendinger: Reduced Working Hours as a Socio-economic Investment

4. Franz Garnreiter: Criticism of Market Theory and Market Ideology

5. Andreas Kolbe: The Coded World

6. Sven Giegold: The Lobby for Tax Evaders

7. Ernst Wolff: Janet Yellen’s Storytime

8. Ulrich Duchrow: Ecological Justice Instead of Growth Economy for the Rich

9. Asbjorn Wahl: How Can We Join the Struggles Against Austerity and Climate Change?


Authors Index

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Audio: What’s Wrong with TPP? 27 min

Audio: What’s Wrong with the TPP?
Scott Sinclair, Michael Geist and the Canadian Centre for Policy Alternatives, Feb 1, 2016, 27 min


Canada has said it will sign on to the Trans-Pacific Partnership, a new twelve-country international economic pact. But the corporate-driven TPP is about much more than “free trade”, and concerns are mounting. We go in-depth with four experts: Scott Sinclair, director of the CCPA’s Trade and Investment Research Project; Michael Geist, Canada Research Chair in Internet and E-Commerce law at the University of Ottawa; Meghan Sali, digital rights specialist at OpenMedia; and Stuart Trew, editor of the CCPA Monitor.

OpenMedia: https://openmedia.org/en/ca
Michael Geist: http://michaelgeist.ca/

CCPA’s coverage of the TPP:

The TPP and Canada by Scott Sinclair and Stewart Trew
TPP Will Cost Canada 58,000 Jobs, Won’t Grow Economy by Hadrian Mertins-Kirkwood

Reviewing the TPP: Trudeau’s best-case scenario by Scott Sinclair and Stewart Trew

– See more at: https://www.policyalternatives.ca/multimedia/altpolicy-episode-4#sthash.SNOTldX3.dpuf

Posted in TTIP - Free Trade agreement | Leave a comment

Capitalism’s growth problem by David F. Guccio

Contemporary capitalism has a big problem. And no one seems to be able to refute it.

The problem, as Robert J. Gordon sees it, is that economic growth is slowing down, it has been for decades, and there’s no prospect for a resumption of fast economic growth in the foreseeable future. After fifty (from 1920 to 1970) years of relatively fast growth, and a single decade (the 1950s) of spectacular growth, the prospects for continued growth seem to have dimmed after 1970.

In the century after the end of the Civil War, life in the United States changed beyond recognition. There was a revolution—an economic, rather than a political one—which freed people from an unremitting daily grind of manual labor and household drudgery and a life of darkness, isolation and early death. By the 1970s, many manual, outdoor jobs had been replaced by work in air-conditioned environments, housework was increasingly performed by machines, darkness was replaced by electric light, and isolation was replaced not only by travel, but also by color television, which brought the world into the living room. Most importantly, a newborn infant could expect to live not to the age of 45, but to 72. This economic revolution was unique—and unrepeatable, because so many of its achievements could happen only once. . .

Since 1970, economic growth has been dazzling and disappointing. This apparent paradox is resolved when we recognize that recent advances have mostly occurred in a narrow sphere of activity having to do with entertainment, communications and the collection and processing of information. For the rest of what humans care about—food, clothing, shelter, transportation, health and working conditions both inside and outside the home—progress has slowed since 1970, both qualitatively and quantitatively.

From what I have read, Gordon appears to privilege technical innovation over other factors (such as dispossessing non-capitalist producers and creating a large class of wage-laborers, concentrating them in factories and cities, and so on). He also seems to argue that the fruits of past economic growth were evenly distributed and that the drudgery of work itself has been eliminated.

Still, the idea that rapid economic growth took place during a relatively short period of time dispels one of the central myths of capitalism, much as the discovery that relative equality in the distribution of wealth and constant factor shares characterized an exceptional phase of capitalism…

We certainly don’t know what lies ahead. But, since the 1970s, we’ve witnessed growing inequality in the distribution of income and wealth, which resulted in and in turn was exacerbated by the most severe economic crisis since the 1930s. Capitalism’s legitimacy, based on “just deserts” and economic stability, was already being called into question. Decades of slow economic growth and the real possibility that that trend might continue for the foreseeable future mean that capitalism (not to mention those who spend their time celebrating capitalism’s successes and failing to imagine alternatives) has an even bigger problem.

Posted in 2011 | Leave a comment

You Want to Move to Canada if Trump Wins?

“The US has always been Canada’s Mexico”

Maybe Senator Sanders will win in Iowa and become a snowball that grows bigger and bigger!

to read the hilarious article by Alex Lithwick and Dahlla Lithwick published on Jan 27 on slate.com, click on

Posted in Reducing Inequality/ Redistribution | Leave a comment

Rosa Luxemburg Explains Capitalism Using Spoons

to read the book excerpt “Rosa Luxemburg Explains Capitalism Using Spoons” by Kate Evans, Verso Books, published on truth-out.org, Jan 14, 2016, click on


The inspiring life, engaging prose and intellectual prowess of Rosa Luxemburg leap off the page through Kate Evans’ art in a new graphic biography of the revolutionary socialist. Red Rosa captures the many elements of Luxemburg’s life, from her economic theories to her constant opposition to war, and from idyllic times with lovers and friends to bitter clashes with reformist elements on the German left.

In this excerpt, the teenage Rosa Luxemburg teaches her family about Marx’s Das Kapital, explaining material and social relations and the problem of money.

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

The arc of history bends toward justice!

The arc of history bends toward justice (MLK). The welcoming tradition is part of American history, not only the traditions of fear and personal enrichment.

The one thing we learn from history is that we don’t learn from history. The bomb changed everything except the way we think (Albert Einstein).

Corporatist democrats seem to be 100% pragmatists and 0% idealists. Lies and trickery darken much of American history. 7.5 million tons of bombs dropped on Vietnam, 2.5 million tons of bombs dropped on Laos. According to Dr. Jill Stein of the Green Party, Saudi Arabia has purchased $50 billion in armaments over the last decade and Israel receives $8 million of military assistance every day.

The elite never make a mistake; everything is only a learning experience. Bill Clinton said NAFTA would bring 1 million jobs to the US and instead 1 million jobs were lost, subsidized corn was dumped on Mexico and millions of Mexicans could not survive on their small farms. Bill Clinton revoked the Glass-Steagal fire wall between commercial and speculative banks, encouraged the creation of money out of thin air and had the gall to write “Back to Work.” Life and death matters, economic theory and truthfullness are secondary to financiers and cardboard politicians bent on their own enrichment. Sanders is the only candidate who would not lead us to WWIII and has principle, determination, consistency, love of life and love of the future and would help end poverty instead of ending democracy!

The TTIP, TPP and TISA are NAFTA on steroids, corporate rule run amok, refusing to live in a multipolar world where labor and nature have rights, refusing self-criticism and future-friendly economics, refusing to see market failure and state violence and the self-destruction of profit-worship and the inanity of thinking we are “albright.”

Jean Twenge in her book “The Narcissism Epidemic” explains that narcissism, the cult of specialness, was thought to be the ladder of success while it really is a terrible anti-social blindness that fades out others and blocks discussion (www.booktv.org).

Posted in Roosevelt and New Deal, TTIP - Free Trade agreement | 1 Comment

TransCanada sues the US for $15 billion under NAFTA

Orwell warned against Newspeak where lies become truth and slavery becomes freedom.

The TPP like the TTIP and TISA is a blatant threat to democracy and the constitutional state. A parallel private arbitration court system excludes the public, allows foreign investors to sue governments, makes decisions irrevocable and will have a chilling effect on labor and environmental legislation. Public interest is eclipsed by private interest. Anti-fracking, minimum wage, public sector workers, nuclear-closures, genetic engineering and regulations protecting labor and the environment are all endangered. Vattenfall is suing Germany for 4 billion Euros for closing two nuclear plants. Veolia, owner of an Egyptian waste disposal firm, is suing Egypt for lost profits because of a higher minimum wage.

TPP is NAFTA on steroids, a reflection of the “Anything goes” part of late stage capitalism. The 6000 page document that was negotiated in secret with 600 corporate lobbyists doesn’t even mention “climate change.”

read Global Trade Watch at www.citizen.org
and www.commondreams.org and www.truth-out.org

Posted in TTIP - Free Trade agreement | Leave a comment

Social Inequality Today by Helmut Martens

Social Inequality Today by Helmut Martens, Jan 2015


The neoliberal rollback has created growing instabilities. An advancing process of de-democratization and social re-feudalization is connected with the rise of the new “super-rich.”.. The development of global capitalism reveals its contradictory form described by Marx and other philosophers in which something new is constantly proclaimed that ultimately only leads to the old conditions.

In her analysis, Chrystia Freeland says extreme inequality in the US first developed after the second industrial revolution. That was the “Gilded Age” (with its strikes and slums)… Piketty warned sharply of the emerging and growing inequality between rich and poor. He offered pragmatic solutions as in a progressive wealth tax that are not a question of left and right but of common sense.

Posted in 2011 | Leave a comment