TEN YEARS AFTER THE FINANCIAL CRASH by Rudolf Hickel US economic statistics are dubious since financial markets are based on financial products and money out of nothing unlike productive investments in the real economy. Tax havens, micro-second betting, stock buybacks, and corruption through lobbying are all market-distorting. Only the super-rich…

THE NEOLIBERAL MODEL: PROFITS WITHOUT INVESTMENTS by Nicolaus Kowall According to the neoliberal myth, higher profits would lead to more investments and more jobs. In truth, higher profits led to corporations buying back their stock and speculation on foreign currencies. The 2000s and 2010s were marked by low investments in…

4. CRITICISM OF MARKET THEORY AND MARKET IDEOLOGY By Franz Garnreiter [This article published on September 4, 2013 is translated abridged from the German on the Internet.] The term capitalism provokes meanwhile more resistance than approval in the population. On the other hand, terms like market and competition have positive…

REDUCED WORKING HOURS AS A SOCIO-ECONOMIC INVESTMENT By Michael Schwendinger [This blog article published on December 5, 2014 is translated from the German on the Internet.] Statistics Austria recently published a special study on the theme “Employment as a Health Risk.” 80% of all gainfully employed persons were exposed to…

THE SYSTEM QUESTION AS A SURVIVAL QUESTION by Tomasz Konicz [This article published on April 21, 2018 is translated from the German on the Internet, www.streifzuege.org.] Some time or other, life will collapse. Some time or other — in a few weeks, months or years — the states will not…

TOMASZ KONICZ ON THE FINANCIAL CRISIS 1. FROM REAL ESTATE SPECULATION TO FINANCIAL BUBBLE CAPITALISM Short History of the Worldwide Economic Crisis, Part 3 By Tomasz Konicz [This article published in the German-English cyber journal Telepolis 12/17/2008 is translated from the German on the World Wide Web.] Joy to the…

Neoliberalism serves as social indoctrination. It tells the poor and weak they are responsible for their misery. It does its utmost to prevent the true extent of social poverty from reaching the general public. The health system despite ever greater expenditures becomes increasingly inhuman, social work erodes, a “re-feudalization boom”…

BASE EROSION AND PROFIT SHIFTING (BEPS) Planned Measures against Aggressive Tax Planning By Olesya Kazantseva [This 2015 Master’s thesis is translated abridged from the German on the Internet, http://www.grin.com/de/e-book/310328/base-erosion-profit-shifting-beps-geplante-massnahmen-zur-bekaempfung.] Introduction In the last years, both public and academic interest in the tax planning strategies of international businesses has greatly increased…

95 Theses Against the Rule of the Financial Markets 95 THESES AGAINST THE RULE OF THE FINANCIAL MARKETS BANKS TO PLOWSHARES TOGETHER FOR A NEW SOLIDARITY REFORMATION AGAINST THE RULE OF THE FINANCIAL MARKETS OVER DEMOCRACIES, SOCIETIES, EUROPE, AND GLOBAL CONDITIONS. 95 THESES TIME FOR A NEW REFORMATION By Michael…