Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 31. Juli 2019

Who Will Win the Twenty-First Century?

Posted by hkarner - 31. Juli 2019

Joschka Fischer was German Foreign Minister and Vice Chancellor from 1998-2005, a term marked by Germany’s strong support for NATO’s intervention in Kosovo in 1999, followed by its opposition to the war in Iraq. Fischer entered electoral politics after participating in the anti-establishment protests of the 1960s and 1970s, and played a key role in founding Germany’s Green Party, which he led for almost two decades.

For years, Europeans were lulled into thinking that the peace and prosperity of the immediate post-Cold War period would be self-sustaining. But, two decades into the twenty-first century, it is clear that the Old Continent miscalculated and now must catch up to the digital revolution. 

BERLIN – The first two decades of the twenty-first century are beginning to cast a long shadow over the Western world. We have come a long way since the turn of the century, when people everywhere, but particularly in Europe, indulgently embraced the “end of history.” 

According to that illusory notion, the West’s victory in the Cold War – the last of the three great wars of the twentieth century – had given rise to a global order for which there could be no alternatives. Thenceforth, it was thought, world history would march steadily toward the universalization of Western-style democracy and the market economy.  Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Das Ende der EZB Zurückhaltung

Posted by hkarner - 31. Juli 2019

Hans-Werner Sinn, Professor of Economics at the University of Munich, was President of the Ifo Institute for Economic Research and serves on the German economy ministry’s Advisory Council. He is the author, most recently, of The Euro Trap: On Bursting Bubbles, Budgets, and Beliefs.

MÜNCHEN – Nun haben sich die Erwartungen bestätigt. Die EZB hat beschlossen, die Eurozone mit Nachdruck zu inflationieren. Was harmlos als symmetrisches Inflationsziel von 1,9% deklariert wird, soll in den nächsten Jahren die Basis für eine neue Phase der expansiven Geldpolitik schaffen, die noch weit über das hinaus geht, was bislang realisiert wurde. 

Erinnern wir uns. Im Maastrichter Vertrag wurde der EZB das nicht verhandelbare Ziel mitgegeben, für stabile Preise zu sorgen, was, wenn man es wörtlich nimmt, eine Inflationsrate von null bedeutet. Sie erhielt ein ganz anderes Mandat als die anderen Zentralbanken der Welt. Als dann die vom Euro induzierte Zinssenkung in Südeuropa eine inflationäre Blase hervorrief, die die Inflationsraten in einigen Ländern auf deutlich mehr als 2% pro Jahr ansteigen ließ, argumentierte der EZB-Rat, das Ziel der Preisstabilität könne man nicht genau erreichen, und im übrigen gebe es viele Messfehler. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Employee happiness and business success are linked

Posted by hkarner - 31. Juli 2019

Date: 30-07-2019
Source: The Economist: Bartleby

What explains the connection?

OUR STAFF are our most important asset. Many managers have intoned this mantra over the years but plenty of employees have probably thought to themselves that, deep down, executives place a higher value on the machines on the factory floor or cash in the bank.

That impression can only be reinforced when executives refer to the need to maximise “shareholder value”. The implication is that keeping equity investors happy is a company’s main priority. Employees fall into the lesser category of “stakeholders”, along with component suppliers.

To many American businesspeople, the concept of “stakeholder capitalism” is often seen as a woolly European notion. The assumption is that firms which focus on stakeholders will struggle to survive in the Darwinian world of multinational business. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Trump’s Role Model

Posted by hkarner - 31. Juli 2019

David M. Driesen

David M. Driesen is University Professor at Syracuse University College of Law.

US President Donald Trump and his advisers have evidently learned a great deal from Hungarian Prime Minister Viktor Orbán about racist immigration policies and how to destroy a democracy. Trump is not making America great or even good; he is making it Hungarian.

SYRACUSE – US President Donald Trump did not invent his immigration policy. Instead, he borrowed much of it from his fellow autocrat Viktor Orbán, Hungary’s prime minister, who fanned anti-migrant sentiment among a large enough share of voters to gain the political power he needed to dismantle Hungarian democracy.

Given Trump’s imitation of Orbán, US liberals who bewail the cruelty and stupidity of Trump’s immigration policies, and conservatives who advocate “border security,” miss the point. Trump is not using such measures to try to make America great; like his role model, he is trying to manufacture an immigration-related crisis to help him establish an autocracy. And although Trump’s efforts in this regard are less far advanced than Orbán’s nine-year-old project in Hungary, he has made more progress than most Americans realize.Orbán, like Trump, has made demonization of immigrants a defining feature of his administration.

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

American Tech Shudders as China Cyber Rules Are Expected to Get Tougher

Posted by hkarner - 31. Juli 2019

Date: 30-07-2019
Source: The Wall Street Journal

New draft rules and standards flesh out an existing law that the U.S. and many foreign businesses already consider draconian

China’s proposed cybersecurity rules reflect multiple factors shaping the country’s cybersecurity landscape, including growing consumer awareness over data privacy.

BEIJING—Cybersecurity proposals by China have U.S. businesses worried that the draft regulations represent additional barriers to the Chinese market, a concern that could complicate U.S.-China trade talks.

The new rules and standards, floated over the past two months with little fanfare, flesh out an existing cybersecurity law that Washington and many foreign businesses already consider draconian. Some would forbid certain data from leaving China or at least slow the process of dispatching data, which would increase uncertainties and costs for business. Tough rules for procuring equipment could also place foreign products at a disadvantage. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Great Countries, Bad Leaders

Posted by hkarner - 31. Juli 2019

Chris Patten, the last British governor of Hong Kong and a former EU commissioner for external affairs, is Chancellor of the University of Oxford.

China and the United States are great countries, but are being badly governed – one by Leninist autocrats afraid of their own shadow, and the other by a bizarre populist who prefers despots to liberal democrats. For now, the rest of the world has good reason to hope for better and wiser leadership in Beijing and Washington – and soon.

LONDON – I first visited the United States in 1965 on a student scholarship funded by a generous Boston philanthropist. Ever since that trip, which took me from New York to California to Alabama and back, I have been a confirmed Americophile. I love the country and have visited it more often than any other outside Britain and Western Europe.

I admire the US for its culture, entrepreneurialism, and universities, and I have many American friends. Furthermore, I know how grateful the rest of the world has to be for US leadership after World War II. Never before had a victorious power behaved so generously toward others, including the defeated. We owe so much to US policy in the second half of the twentieth century. But although I am no declinist regarding American economic, intellectual, and military power, the country’s soft power has certainly decreased, and its positive influence around the world has declined.

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , , | Leave a Comment »