Suddenly they are all complaining. With an enormous delay, even the professional optimists in the German media have realised that something is fundamentally wrong. Germany is once again the sick man of Europe, the British Economist notes again, pointing to the decline in GDP this year. I am surprised, however, that liberal economists, who would call themselves neoclassical, do not participate much more actively in the debate and at least contribute important aspects to a theory of the crisis. But the neoclassical authors are always immediately on the wrong track because they do not want to admit the macroeconomic implications of their own theory and consequently blame the governments for the malaise. After all, markets cannot be wrong in principle and, if they are allowed to work, always lead quickly back to equilibrium.
Austerity
The Bullet – Oshawa and Postal Workers: Big and Small Lies We Accept
We are not a liberal democracy but a liberal capitalist democracy and the most important part of that phrase is ‘capitalist’. It is the capitalists who set the limits of liberalism’s and democracy’s scope. Read […]
Economics
German Foreign Policy: Producers of Hunger
Berlin ignores UN warning that Western policy of sanctions leads to fertilizer shortages and subsequently to a dramatic aggravation of the global food crisis. Read Here Photo: Lynn Betts – a work of the U.S. […]
Climate Crisis
Washingtom Post: Shipping emissions agreement not “Paris compliant.”
This is terribly disappointing. Once again profit has been maliciously put ahead of the environment. Read here
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