The Rebirth of the One-Thousandth Society by Austrian economists Matthias Schnetzer and Markus Marterbauer
The richest thousandth (0.1%) increased their share in the total wealth very intensely since the 1980s. Their share – 22% – is as much as the bottom 90%. This is an extent of wealth inequality that the US has not seen since the 1930s. While the millionaires increased their wealth enormously, the mass of the population is exposed to the continuing economic crisis.
The dream time for millionaires experienced a Renaissance at the beginning of the 21st century and was not limited to the year 1910. The disinformation campaigns of owners of capital against a sensible taxation of mammoth assets had the wide support of the media.
Work incomes should be relieved and counter-financed by taxes on mammoth wealth. Introduction of an inheritance- and gift tax is unconditionally necessary for more equal opportunities. A massive reduction of working hours would help in combating unemployment.
Films For Action
This fun animation provides a vision of what a post-consumer society could look like, with people working fewer hours and pursuing re-skilling, homesteading, and small-scale enterprises that can help reduce the overall size and impact of the consumer economy.
Narrated by economist and best-selling author Juliet Schor (http://www.julietschor.org/). Created by the Center for a New American Dream.
Unlike a chair, an idea can be shared by a whole people. Reducing working hours is the only way to full employment and averting the paper chase and resume heaven, the impossible status quo.
The planet gets time off too. Sharing could become social capital as an alternative to barter and sale.
This is a way to claim human scale, restore the public sector and reverse the exploding commodification and inequality.
All personal achievement would have been impossible without state investment in roads, schools, hospitals, airwaves, health and food safety. The Internet, the touch screen and smart phones would not exist without state funds. Steven Jobs and his people only combined several technologies and gave them a cool design. This state share is completely faded out in the conventional narrative of business history.
Government of the people, by the people and for the people is subverted when the state becomes the “errand boy for the banks” (Bill Moyers), when the people are demeaned for “dependence” and/or laziness. More workers paying more taxes, closing tax havens and restoring progressive taxation are the obvious solutions to declining state revenues.
to read the interview with Mariana Mazzucato, a professor in Sussex, Germany, visit
more www.foreffectivegov.org, www.nextnewdeal.net, www.progressive-economics.ca, www.onthecommons.org and www.therealnews.com
re: Public Funds Brought Smart Phones
Jan. 12, 2015 10:39 am
Why sweat the potholes when you can take your corporate jet?
Why worry about public schools when you are using private schools?
Why fret about the health care system when you belong to a concierge doctor system.
Why deal with rising sea levels when you can visit any vacation property you choose in the world?
As Mitt the Twit would probably put it, the middle class is for suckers and taxes are for losers!
– See more at: http://www.thomhartmann.com/forum/2015/01/public-funds-brought-smart-phones#sthash.gGKyFL4P.dpuf
to read the free 408 page Internet book by Kalle Lasn, Adbusters, click on
Manfred Max-Neef is at pp.88-93.
Kick It Over
CLIMATE CHAOS. ESCALATING INEQUALITY. FINANCIAL VOLATILITY.
Multiplying real-world disasters sprung from the fantasy world of neoclassical economics — a faith-based religion of perfect markets, enlightened consumers and infinite growth that shapes the fates of billions. To rescue humanity from the mainstream’s march of doom, we need to kick over the orthodox shibboleths and build up a radically pluralist economics for the 21st century.
Before economics can progress, it must abandon its suicidal formalism.
— Robert Heilbroner
Theory development is also a war over dominance – at the universities, in the media and in politics. The goals of Hayek’s war were expulsion of the Keynesians, liberalization of the financial markets, abandonment of full employment policy, dismantling the social state and weakening unions. His British rival John Maynard Keynes attacked the austerity policy and wage cuts.
Stephan Schulmeister urges a new navigation chart with guidelines oriented in Roosevelt’s New Deal and rejection of turbo speculation by introducing a general financial transactions tax. Economics is pluralist and not monolithic.
to read “How Economists Change the World” published on August 25, 2014, click on
This introduction to Tomasz Konicz’ “On the Search for Alternatives to the Permanent Capitalism Crisis” (2014) is translated from the German. “The disintegration of the capitalist world system began long ago in its periphery… Capitalism perishes in its hyper-productivity and suffocates in the whole mountain of goods.”
Capitalist contradictions and dislocations are not the last word. That labor is the basis of wealth and yet is degraded as a cost-factor is one contradiction. Shareholder value, setting profit above labor, the environment and the future, is another contradiction. Economics is a plural enterprise; capitalism has many forms ranging from the flexible to the brutal. Counter-measures to exploding inequality and generalized insecurity are possible. The empire could be replaced by the republic as excess could be replaced by access and more by enough.
to read “Ways out of Crisis” by Tomasz Konicz, click on
Thy Kingdom Come by Friedrich Schorlemmer
Friedrich Schorlemmer was born in 1944 in Wittenburg. Since the beginning of the seventies, he was engaged in the peace- and environmental movements of the DDR (east Germany). From 1970 to 1978, Schorlemmer was a university chaplain in Merseburg. From 1978, he has been a preacher at the castle church in Wittenburg where he joined ina grassroots group. In 1988 with his group, Schorlemmer presented the “20 Wittenburg theses” critical of the regime at the Evangelical church day in Halle. Today he is an academic director at the Evangelical Ac ademy of Saxony and since May 1990 SPD chairperson in the Wittenburg city parliament.
Schorlemmer was a co-founder of the citizen movement “Democratic Awakening” (Demokratischer Aufbruch). In 1989, he was honored with the Carl-von-Ossietzsky-medallion of the International League for Human Rights. He is a member of the west German PEN and belongs to the German UNESCO commission. In 1993, he received the peace prize of the German book industry.
This sincere and courageous man who sought to forge swords into plowshares strengthens through his example fellow human beings in the hope that “gentle water can break the stone”.
A man of integrity, Friedrich Schorlemmer lived in the DDR and struggles today for the removal of new inner walls with a language borne by a readiness for reconciliation and understood by people in the East and West. With the whole strength of his personality marked by truthfulness and pensiveness, he admonishes the restoration of inner unity as a condition for successful outer unity. He contributes to overcoming the problems that Germans have in dealing with one another in the process of reunification and at the same time contributes to the preservation of inner and outer peace in Germany and the world.
Thy Kingdom Come
Happy is the one who can pray: “Thy kingdom come”. Because he has not given up all hope, he prays. Because he can pray, he has not abandoned all hope. His eyes are not sealed up. He sees what is and what oppresses. While reading the low and high tide reports and the “prosperity of desert growth”, he also sees what can develop and grow.
What we hope and desire appears in and throught he little things of life.
Free Internet Book: The Neoliberal Crisis, ed. by Jonathan Rutherford and Sally Davison, 2012, 108pp, published by Soundings
A collection of essays that seeks to understand the current financial crisis as a potential moment of rupture in the neoliberal regime
The model of the person in economics is the so-called homo oeconomicus who perfectly surveys the market, clearly foresees the future development and then rationally decides upon an action, optimally adjusted to all relevant data, that creates the greatest economic advantages for him. This homo oeconomicus is also the basic figure of all marginal theories like the marginal benefit- and marginal cost schools. However the marginal figure is a chimera. Neither this know-it-all or this predict-it-all person exists nor a person who makes purely rational economic decisions.
The homo oeconomicus cannot be our hope and is not desirable or future-friendly. The economic benefits for the capitalist entrepreneur are in contradiction to nature and to the person…
We face completely over-sized financial markets today that have uncoupled from the real economy creating value. In 2010 the volume of financial transactions amounted to 75-times world production. When financial businesses offer profits of 10 to 30% while the economy only grows 1 to 3% per year, an ever larger part of wealth is sucked up in the largely unproductive financial sector. This economy liquidates itself. Therefore Hickel and others urge the rigorous regulation of the financial sector and many support the conversion in to public, democratically-managed property. Only a democratic financial management can ensure more democratic control of the economy.
to read the articles by Conrad Schuhler and Rudolf Hickel published in September and November 2014, click on
Here’s a link to “Dark Legacy,” a one-hour video on the Kennedy assassination: