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.Wolfgang Streeck: the German economist calling time on capitalism - The Gardian

The political economist on Trump’s election, why we should be happy about Brexit and the crises facing western democracy.

“Before capitalism will go to hell, it will for the foreseeable future hang in limbo, dead or about to die from an overdose of itself but still very much around, as nobody will have the power to move its decaying body out of the way.” (...)

Why should the new oligarchs be interested in their countries’ future productive capacities and present democratic stability if, apparently, they can be rich without it, processing back and forth the synthetic money produced for them at no cost by a central bank for which the sky is the limit, at each stage diverting from it hefty fees and unprecedented salaries, bonuses, and profits as long as it is forthcoming – and then leave their country to its remaining devices and withdraw to some privately owned island? (...)

Eight years after Lehman Brothers keeled over and nearly took the entire banking system down with it, capitalism remains broken. British workers are suffering their most severe pay squeeze in at least seven decades. And even though politicians and the policymakers have pulled on every lever – cuts, investment, housing boom, hundreds of billions pumped into the markets – still the engine refuses to purr. The failure is international: the Bank of International Settlements, the central banks’ central bank, warned a few months ago that “the global economy seems unable to return to sustainable and balanced growth”. (...)

He sees the support for Brexit and Trump as stemming from the same source. “You have a growing group of all people, who, under the impact of neoliberal internationalisation, have become increasingly excluded from the mainstream of their society. (...)

But doesn’t he want something better than a new dark ages for his grandchildren? “If I am honest, now I am thankful for every passing year that is good and peaceful. And I hope for another one. Very short-term, I know, but those are my horizons.”

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Obrázek/fotografieBefore capitalism will go to hell, it will hang in limbo from an overdose of itself’ … Wolfgang Streeck.

Tags: #neoliberalism #capitalism #1% #inequality #unemplyment #jobless #brexit #greece #trump #democracy #eu #european union #the left #social democracy

Wolfgang Streeck: ‘Look at London – it’s a second Rome. This is what an empire looks like’

The political economist on Trump’s election, why we should be happy about Brexit and the crises facing western democracy
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skanda42 3 years ago
Related sources:

https://goo.gl/pC16oz https://goo.gl/18nChY https://goo.gl/oaWjPO https://goo.gl/Vu5XC7 https://goo.gl/moHvsH https://goo.gl/AVGVeM

I also have doubts as anything that is being published in mainstream (as Snowden is) media has some "objectives" ...

Interestingly, other related links from google search (still in google cache) are NON EXISTENT on original pages AND are also DELETED in Web Archive.

Isn't is an evidence itself?

#terror #spying #economic #economicspying #control #social #socialcontrol #manipulation #diplomatic #diplomaticmanipulation #power #snowden #nwo #bankialism #censorship #web #archive #webarchive #evidence #check #yourself #checkyourself
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skanda42 3 years ago
Obrázek/fotografie

NATO and the contradictions within western Imperialism



http://www.marxist.com/nato-and-the-contradictions-within-western-imperialism.htm

#nato #contradictions #western #imperialism #us #russia #eu #eastern #europe #brexit #syria #politics #economy #social #crisis #capitalism #globalization #summit

NATO and the contradictions within western Imperialism

The recent NATO summit in Warsaw was full of contradiction and tensions between members of the alliance. The fragility of NATO’s power and the instability of world relations were on display for all to see.
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Sylvia J 3 years ago from Diaspora
Obrázek/fotografie

Ontario moving forward with Basic Income Pilot Province



Hugh Segal

https://kagbig.wordpress.com/2016/06/25/ontario-moving-forward-with-basic-income-pilot-province-appoints-special-advisor-hugh-segal/

http://www.huffingtonpost.ca/2014/12/23/mincome-in-dauphin-manitoba_n_6335682.html

#ontario #canada #basic #guaranteed #income #pilot #business #economy #poverty #reduction #social #services #security #mincome #manitoba

Kingston Action Group for Basic Income Guarantee: Ontario Moving Forward with Basic Income Pilot Province – Appoints Special Advisor Hugh Segal (debramcauslan)

June 24, 2016 11:00 A.M. Ministry of Community and Social Services The province has appointed the Honourable Hugh Segal to provide advice on the design and implementation of a Basic Income Pilot in…
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Sylvia J 3 years ago
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#good #news

World Says YES to #Cash

THE WORLD SAYS YES TO CASH!

Good news on the #banksters' #Orwellian push for a #cashless #world:

#Guardian: #German plan to impose limit on cash transactions met with #fierce #resistance

http://www.theguardian.com/world/2016/feb/08/german-plan-prohibit-large-5000-cash-transactions-fierce-resistance

“It would be fatal if citizens got the impression that cash is gradually taken away from them.” -- Bundesbank President Weidman.

"In Germany, such measures clash with deeply engrained habits and #social attitudes. According to a recent Bundesbank study, 79% of payments in #Germany are made in cash – compared with only 48% in #Britain. Even among 14- to 24-year-olds, two-thirds say they prefer paying in cash to electronic means. In a YouGov survey, 72% of Germans said they considered it safer to pay in cash."

As #War on Cash #Escalates, Cash #Lovers Fight Back

http://wolfstreet.com/2016/02/18/war-on-cash-escalates-cash-lovers-fight-back-germany-japan/

"Germany’s neighbor to the south, #Austria, has similar reservations about the #EU’s plans to #suppress cash. The Deputy #Economy Minister Harald Mahrer recently said that #Austrians should have the constitutional right to #protect their #privacy."

“We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer said on Austrian #public #radio station Oe1. “We will fight everywhere against rules” including caps on cash purchases, he said.

"Meanwhile, in tech-obsessed #Japan, the country that first popularized mobile wallets and smartphones, cash is king. It is offered and excepted reverentially even when paying for groceries. Every ¥10,000-note is treated with utmost care. As a rule, they’re pristine. Demand for cash remains solid, to the increasing consternation of global credit card companies. In a 2013 report, MasterCard estimated that 38% of the total value of the country’s retail transactions were in cash. That’s almost twice the rate in the U.S. and five times the rate in #France."

#Greek #Attempt To #Force Use Of #Electronic #Money Instead Of Physical Cash #Fails

http://www.zerohedge.com/news/2016-02-21/greek-attempt-force-use-electronic-money-instead-physical-cash-fails

"The #government has told taxpayers that they will have to spend up to a certain amount of their incomes via bank and card transactions in order to qualify for an annual tax-free exemption."

"Greek businesses are not ready for the expansion of #plastic #money through the compulsory use of credit and debit cards for everyday transactions....an estimated half of all businesses do not have card terminals. "

In the United States Cash Continues to Play a Key Role in Consumer Spending: Evidence from the Diary of Consumer Payment Choice

http://www.frbsf.org/cash/publications/fed-notes/2014/april/cash-consumer-spending-payment-diary

"Evidence from the Diary of #Consumer Payment Choice (DCPC), conducted in October 2012 by the Boston, Richmond, and San Francisco Federal Reserve Banks suggests otherwise. Not only is cash a very different payment instrument than checks, but consumers choose to use cash more frequently than any other #payment instrument, including debit or credit cards. Cash plays a dominant role for small-value transactions, is the leading payment instrument for many types of purchases, and stands as the key alternative when other options are not available."

"In October 2012, the average American consumer had 59 transactions, including purchases and bill payments, and 23 of these 59 payments involved cash."

German plan to impose limit on cash transactions met with fierce resistance

Proposals to ban payments above €5,000 have been condemned in country where 79% of transactions are in cash
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giggles 108** 4 years ago from Diaspora
Obrázek/fotografie

From basic income to social dividends: Sharing the value of common resources



'Share the world's resources'

http://www.commondreams.org/views/2015/03/20/basic-income-social-dividends-sharing-value-common-resources

http://www.sharing.org/users/rajesh-makwana

#basic #income #social #dividends #sharing #value #common #resources #stwr #rajesh #makwana #share #streamline #simplify #jobs #taxshift #global #benefits

From Basic Income to Social Dividends: Sharing the Value of Common Resources

Few debates highlight the many complex issues around how governments should share a nation’s wealth and resources as much as the current discourse on basic income. Also referred to as a citizen’s income, the policy generally refers to the unconditional and universal payment of a regular sum of money to a country’s residents, usually as a replacement for a range of existing state benefits such as pensions, child allowances, tax credits and unemployment payments.
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Sylvia J 5 years ago from Diaspora
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