Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 26. Juni 2017

Pure Class Warfare, With Extra Contempt

Posted by hkarner - 26. Juni 2017

In this sense – and in only this sense – what we’re seeing now is a departure from previous Republican practice.

In the past, laws that would take from the poor and working class while giving to the rich came with excuses. Tax cuts, their sponsors declared, would unleash market dynamism and make everyone more prosperous. Deregulation would increase efficiency and lower prices. It was all voodoo; the promises never came true. But at least there was some pretense of working for the common good.

Now we have none of this. This bill does nothing to reduce health care costs. It does nothing to improve the functioning of health insurance markets – in fact, it will send them into death spirals by reducing subsidies and eliminating the individual mandate. There is nothing at all in the bill that will make health care more affordable for those currently having trouble paying for it. And it will gradually squeeze Medicaid, eventually destroying any possibility of insurance for millions. Den Rest des Beitrags lesen »

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Die eigentumslose Gesellschaft – von Marx zum neoliberalen Regime

Posted by hkarner - 26. Juni 2017

Gero Jenner, 25/6

Marx hat sie gewollt – der Neoliberalismus hat sie verwirklicht: die eigentumslose Gesellschaft. Allerdings ist der Begriff in sich widersprüchlich. Irgendjemand besitzt immer die Verfügungsgewalt über die physische Umwelt, d.h. den Boden, die Häuser, die Büros, Werkstätten, Fabriken, ja selbst über Flüsse, Seen und jeden einzeln Quadratmeter Wald. Mit anderen Worten: Irgendjemand ist immer Eigentümer. In diesem Sinne gibt es keine eigentumslose Gesellschaft. Der Begriff beruht auf Täuschung.

Im real existierenden Sozialismus

lag das Eigentum und damit die Verfügungsgewalt in der Hand des Kollektivs – so jedenfalls bestimmte es die Theorie. In der Praxis lag beides in den Händen einer Nomenklatura, die an die Theorie von Marx, Engels, Lenin oder Mao glaubte. Da Verfügungsgewalt und Eigentum den eigentlichen Quell aller Macht darstellen, lag die Macht also keineswegs bei der eigentumslosen Mehrheit – die bekam die Fünfjahrespläne von oben diktiert -; sie lag de facto bei einer verschwindenden Minderheit, die über das Eigentum konkret verfügte und sich, ganz wie in den früheren Feudalsystemen, das Recht anmaßte, anstelle der Mehrheit und über deren Los zu entscheiden. Den Rest des Beitrags lesen »

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Economics in Transition

Posted by hkarner - 26. Juni 2017

Since the 2008 global financial crisis, there has been no shortage of criticism of conventional economics, with its rigid models and fanciful “representative agents,” which utterly failed to predict the collapse. But the critics often overlook the emergence of new approaches – some predating the crisis – that could redefine the mainstream of economic thinking.

JUN 23, 2017 Project Syndicate

<img src=“/default/library/e193b48cdd42eff7e2560411ff37fd6f.onpoint.jpg“ alt=“Newsart for Economics in Transition“ width=“813″ height=“387″>

Andrew Lo, Adaptive Markets: Financial Evolution at the Speed of Thought, Princeton University Press
Richard Bookstaber, The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction, Princeton University Press
Roderick Floud, Santhi Hejeebu, and David Mitch, eds., Humanism Challenges Materialism in Economics and Economic History, University of Chicago Press

MANCHESTER – There seems to be no end to the tide of books criticizing economics, and – as I am an economist – it must make me something of a masochist that I keep reading them. The exercise is all the more wearisome as the criticisms are both repetitive and increasingly misdirected.

Not that everything about the state of economics is fine; far from it. But only if today’s critics of economics pay more attention to what economists are actually doing will they be able to make a meaningful contribution to assessing the state of the discipline. Den Rest des Beitrags lesen »

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