asterisk2a + dogma + borderless   17

Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich - SPIEGEL ONLINE
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich [...] Ein Beispiel: Wenn das Bruttosozialprodukt eines Landes 10 Milliarden Euro beträgt und um eine Milliarde Euro wächst, dann entspricht das einer Steigerung von zehn Prozent. Wenn das BIP aber 1000 Milliarden Euro beträgt, dann müsste die Wirtschaft schon um 100 Milliarden Euro wachsen, um ein Wachstum von zehn Prozent zu schaffen. Wächst das BIP wie vorher um eine Milliarde Euro, entspricht das nur noch einer Steigerung von 0,1 Prozent. Die Wirtschaft wäre dann sozusagen ausgewachsen. Die alten Zeiten kehren nicht mehr zurück [...] Sollten die Ökonomen recht haben, hätte das für Staat und Sozialsysteme einschneidende Folgen: Die Planung von Bundeshaushalt oder Rentenkasse geht von einem Wachstum irgendwo zwischen ein und zwei Prozent pro Jahr aus. [...] Die Wirtschaft "unabhängiger vom Wachstum gestalten"
G20  George  Osborne  UK  austerity  Europe  Schuldenbremse  Fiscal  Pact  Germany  Wolfgang  Schäuble  Angela  Merkel  secular  stagnation  Richard  Koo  aggregate  demand  budget  deficit  economic  history  finite  resources  resource  depletion  economic  growth  global  economy  policy  monetary  policy  policy  error  policy  folly  Japan  Abenomics  demographic  bubble  ageing  population  AI  artificial  intelligence  Robotics  self-driving  cars  autonomous  car  structural  unemployment  unemployment  long-term  unemployment  youth  unemployment  productivity  output  gap  squeezed  middle  class  Precariat  working  poor  low  pay  low  income  precarious  work  Zero  Hour  Contract  Contractor  underinvestment  marginal  cost  competitiveness  energy  policy  energy  price  flat  world  borderless  globalization  globalisation  economics  of  abundance  post-capitalism  Larry  Summers  Gini  coefficient  inequality  Super  Rich  1%  plutocracy  oligarchy  democracy  social  democracy  Soziale  Marktwirtschaft  trickle-down  economics  dogma  ideology  free  market  self-regulation  neoliberalism  neoliberal  education  policy  income  inequality  GDP  nominal  GDP  targeting  inflation  targeting  liquidity  trap  credit  bubble  distortion  ZIRP  NIRP  QE  USA 
february 2016 by asterisk2a
Fred Block: The Tenacity of the Free Market Ideology - YouTube
Fred Block discusses his book “The Power of Market Fundamentalism,” which extends the work of the great political economist Karl Polanyi to explain why free market dogma recovered from disrepute after the Great Depression and World War II to become the dominant economic ideology of our time. // wo state role there would be no market system. // need social democracy in complex diverse society - representing people // freedom in complex diverse society = free of hunger and economic uncertain & freedom of nonconformity - protections, no marginalisation, no economic punishment // social democracy and free market are both Utopias // Thatcher & Co blaming State for malaise! nobody likes technocratic arguments, leaves public out, thus was able to make big return. // wealth creation through efficiency route takes more work and capital than predation (rentier/rent seeking) - ie relaxing fuel efficiency savings regulation for Detroit back in the days // trust that state can support innovation
economic  history  freemarkets  free  market  neoliberalism  self-regulation  neoliberal  book  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Chicago  School  USA  UK  social  democracy  capitalism  dogma  ideology  austerity  trickle-down  economics  globalization  globalisation  borderless  flat  world  Greed  boom  and  bust  crony  capitalism  plutocracy  oligarchy  Super  Rich  1%  democracy  revolving  door  Career  Politicians  No  Representation  social  mobility  American  Dream  meritocracy  meritocratic  Alain  de  Botton  philanthropy  profit  maximisation  shareholder  value  Wall  Street  Gini  coefficient  income  mobility  education  policy  welfare  state  social  safety  net  Supply  and  Demand  market  economy  Demand  and  Supply  JohnMaynardKeynes  keynes  Keynesianism  GFC  Great  Moderation  Great  Depression  Utopia  Ronald  Reagan  Margaret  Thatcher  rentier  rent-seeking  predation  financial  product  wealth  creation  R&D  STEM  productive  investment  productivity  output  gap  public  investment  underinvestment  infrastructure  investment  competitive  competitiveness  M&A 
january 2016 by asterisk2a
Why are we looking on helplessly as markets crash all over the world? | Will Hutton | Opinion | The Guardian
[ so much debt in the system, a rise in interest can not be served as is ] The imminent collapse of the Chinese Ponzi-scheme economy shows that we need to bring control to the international economy. [...] There has always been a tension at the heart of capitalism. Although it is the best wealth-creating mechanism we’ve made, it can’t be left to its own devices. Its self-regulating properties, contrary to the efforts of generations of economists trying to prove otherwise, are weak. [...] Profits as a share of national income in Britain and the US touch all-time highs; wages touch an all-time low as the power of organised labour diminishes and the gig economy of short-term contracts takes hold. The excesses of the rich, digging underground basements to house swimming pools, cinemas and lavish gyms, sit alongside the travails of the new middle-class poor. These are no longer able to secure themselves decent pensions and their gig-economy children defer starting families ...
China  credit  bubble  speculative  bubbles  equity  bubble  BRIC  2015  2016  self-regulation  capitalism  crony  capitalism  Wall  Street  shareholder  value  profit  maximisation  Gig  Economy  Zero  Hour  Contract  squeezed  middle  class  secular  stagnation  western  world  aggregate  demand  consumer  debt  debtoverhang  Richard  Koo  economic  history  balance  sheet  recession  household  debt  credit  card  debt  car  loan  mortgage  market  working  poor  poverty  trap  Gini  coefficient  social  mobility  income  mobility  inequality  plutocracy  oligarchy  Super  Rich  1%  ZIRP  NIRP  QE  distortion  George  Osborne  dogma  ideology  David  Cameron  neoliberalism  neoliberal  globalisation  globalization  exploitation  borderless  flat  world  USA  UK  austerity  fiscal  policy  monetary  policy  liquidity  trap  debt  servitude  wage  stagnation  shared  economic  interest  NPL  shadow  banking  shadow  Career  Politicians  No  Representation  democracy  social  democracy  Generationengerechtigkeit 
january 2016 by asterisk2a
"Markets Crash When They're Oversold" | Zero Hedge
Technology Destroying Jobs + While the big driver of the decline in economic growth since the 1980’s has been a structural change from a manufacturing based economy (high multiplier effect) to a service based one (low multiplier effect), it has been exacerbated by the increase in household debt to offset the reduction in wage growth to maintain the standard of living. This is shown clearly in the chart below. [...] In fact, each job created in energy-related areas has had a “ripple effect” of creating 2.8 jobs elsewhere in the economy from piping to coatings, trucking and transportation, restaurants and retail. Simply put, lower oil and gasoline prices may have a bigger detraction on the economy than the “savings” provided to consumers.
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january 2016 by asterisk2a
Robert Reich - Timeline Photos
What about all the ballyhoo about manufacturing jobs coming back to America? Well, some have. But they pay lousy wages. The average wages of production and non-supervisory employees in manufacturing are lower today than they were in 1985, when adjusted for inflation. [...] Bottom line: Most Americans have got zilch out of this recovery. In fact, they’re worse off now than they were in 2000. Meanwhile, the top 0.1 percent is doing fabulously well. More and more people are concluding the game is rigged -- which it is. No one should be surprised at the surge in populist anger on the left and the right.
USA  job  creation  recovery  industrial  policy  wage  growth  wage  stagnation  UK  western  society  western  world  secular  stagnation  squeezed  middle  class  Sozialer  Abstieg  income  growth  economic  growth  disposable  income  income  distribution  income  mobility  income  inequality  income  redistribution  social  mobility  Gini  coefficient  Super  Rich  1%  discretionary  spending  zombie  consumer  credit  card  debt  credit  card  car  loan  2015  GFC  reflate  reflation  globalization  globalisation  flat  world  borderless  competitive  competitiveness  competition  low  pay  low  income  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  precarious  work  Precariat  working  poor  Joseph  Stiglitz  Robert  Reich  poverty  child  poverty  food  poverty  poverty  trap  generationy  babyboomers  participation  rate  manual  labour  Millennials  retirement  mainstreet  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  capital  gains  tax  corporate  tax  rate  dogma  ideology  neoliberalism  neoliberal  republicans  democrats  public  awareness  public  perception  American  Dream  post-racial  America  economic  justice  fairness  bank  bailout  TBTF  too  big  to  jail  too  big  to  bail  Generationengerechtigkeit  budget  deficit  austerity  populism  corporate  corporate  r 
october 2015 by asterisk2a
'I don't think Scunthorpe has a future' - BBC News
[ picking winners, when it suits them and gets them the headlines.. get your voice heared if you are big enough ] The cuts are being blamed by many on the Chinese 'dumping' cheap steel in the UK. But unions and Tata also point to high business rates and taxes, something the government has tried to tackle this week with a refund thought to be worth around £50m to the industry. // corporates continue to loot the state.
corporate  welfare  democracy  austerity  fairness  energy  policy  energy  price  energy  security  UK  Tories  Conservative  Party  David  Cameron  industrial  policy  underinvestment  productive  investment  renewable  energy  Smart  Grid  infrastructure  investment  budget2015  George  Osborne  toff  Privileged  Establishment  dogma  ideology  neoliberalism  neoliberal  vulnerable  Disabled  welfare  state  social  safety  net  child  tax  credit  tax  credit  working  tax  credit  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  Greed  lobbyist  lobby  Lobbying  revolving  competitive  competitiveness  Generationengerechtigkeit  recovery  secular  stagnation  Niall  Ferguson  globalization  globalisation  flat  world  borderless  revolving  door  Makers  Opportunism  opportunist  minority  social  contract  Career  Politicians  No  Representation  society  Wertegesellschaft  corporate  scandal  corporate  tax  rate  morality 
october 2015 by asterisk2a
Warren Buffett Crushes Republicans On Taxes - YouTube
Not having a voice. No being heard. // Empört Euch! (German) Perfect Paperback – Feb 2011 by Stéphane Hessel
moral  imperative  morality  Super  Rich  1%  capital  gains  tax  capital  gains  income  tax  income  distribution  income  redistribution  infrastructure  investment  underinvestment  budget  deficit  fairness  democracy  No  Representation  Career  Politicians  austerity  tax  evasion  tax  avoidance  corporate  tax  rate  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  exploitation  lobbyist  lobby  Lobbying  revolving  door  corruption  bribery  Party  Funding  USA  secular  stagnation  Niall  Ferguson  public  investment  Gini  coefficient  income  inequality  income  mobility  social  mobility  American  Dream  progressive  white-collar  crime  squeezed  middle  class  globalization  globalisation  flat  world  borderless  plutocracy  oligarchy  Sozialer  Abstieg  Millennials  Generationengerechtigkeit  generationy  corporate  welfare  subsidies  subsidizing  corporate  scandal  corporate  state  corporate  media  Polarisation  propaganda  populism  corporate  culture  corporate  values  corporate  governance  corporate  social  responsibility  Services  Services  dogma  ideology  neoliberalism  neoliberal  Greed  GFC  recovery  trickle-down  economics  bank  bailout  society  Gesellschaft  Wertegesellschaft  Rebellion  social  uprising  Richard  Wolff  Robert  Reich  Joseph  Stiglitz  inequality  stagnation  class 
october 2015 by asterisk2a
The government seems intent on ending the solar power industry. It’s madness | Howard Johns | Comment is free | The Guardian
saving on the wrong end of the stick. // &! One solar executive says the 87% cut in state subsidy is ‘obscene’, and will lead to thousands of job losses - bit.ly/1Xdgl0V - “We are all paying £100 for nuclear decommissioning costs in our bills. Solar: five quid? It is nothing to do with the energy bills of hardworking families it is entirely ideologically driven by George Osborne. It is nothing to do with the cost to the energy consumer.”
UK  energy  policy  energy  price  renewable  energy  Hinkley  Point  C  green  energy  wind  energy  energy  security  solar  energy  power  grid  Smart  austerity  dogma  ideology  Tories  corporate  welfare  subsidies  subsidizing  emissions  carbonemission  carbon  tax  carbonfootprint  fossil  fuel  short-term  view  short-term  thinking  Opportunism  opportunist  competitiveness  globalization  globalisation  borderless  industrial  policy  Manufacturing  flat  world  policy  error  policy  folly  Toff  Privileged  Establishment  constituency  Generationengerechtigkeit  underinvestment  productive  investment  climate  change  global  warming  climate  crisis  babyboomers  Millennials  economic  damage  productivity  output  gap  recovery  generationy  Entitlement  election  campaign  promises  Career  Politicians  No  Representation  fairness  EEG  Umlage  lobbyist  lobby  Lobbying  European  Union  Germany  fiscal  stimulus  fiscal  policy  trickle-down  economics  nasty  party 
october 2015 by asterisk2a
UK slips down world competitiveness league | Business | The Guardian
World Economic Form says the UK’s weakness include the budget deficit and the quality of its education system [...] “Where the country falls short is in its macroeconomic environment, where government debt and the budget deficit conspire to place it 108th out of 140 countries. It could do better, too, with the quality of its education system (21st) and maths and science in particular (46th) – both long-term problems,” [...] It also issued a warning about the health of the global economy, saying “a ‘new normal’ of suppressed economic and productivity growth and persistently high unemployment is damaging resilience and leaving the world vulnerable to another protracted slump”. It called on countries to “step up their efforts to re-accelerate economic growth”.
UK  competitiveness  competitive  STEM  R&D  Research  secular  stagnation  bank  bailout  austerity  fairness  income  mobility  social  mobility  Gini  coefficient  Generationengerechtigkeit  banking  crisis  bank  crisis  TBTF  too  big  to  jail  tax  evasion  tax  avoidance  Career  Politicians  No  Representation  dogma  ideology  neoliberalism  neoliberal  Tories  recovery  GFC  Conservative  Party  education  policy  vocational  education  professional  education  job  creation  job  market  2015  flat  world  borderless  globalization  globalisation 
september 2015 by asterisk2a
Public Lecture by Professor Niall Ferguson 2013-04-09 - YouTube
[6 Killer Apps - youtu.be/xpnFeyMGUs8 ] Degeneration and Regeneration after the GFC // interlude: Margaret Thatcher, the power of ideas in public office, in politics: Nature of freedom, economic freedom & other freedoms. Hayek & Adam Smith // The Great Degeneration (new Book 2013). Theme: The role of institutions in the creation and preservation of freedom. // GFC = "The slight depression." Avoided Great Depression like scenario by policy response (reflation) different to previous history. Talks abt equity market levels back 2 pre-2007 levels. EQUITY/(financial) ASSET PRICES. Bank Bailout! But NOT reached (real economy) escape velocity! Proper recovery! Under Keynes it should be an admission of defeat (bc lack of fiscal stimulus)! Is a sub-plot in the story of western decline! Great reconvergence of west & the rest of the world. // &! youtu.be/VVsP2X4kuA8 &! importance of civil institutions - youtu.be/8RB7Ah95RM4 bit.ly/1NqF7am &! youtu.be/kXTjj9NQKYo &! youtu.be/tyYTChxYAQ4
NiallFerguson  Niall  Ferguson  Margaret  Thatcher  economic  history  political  economy  GFC  recovery  credit  bubble  book  Adam  Smith  adamsmith  austerity  ideology  dogma  George  Osborne  David  Cameron  USA  UK  China  history  social  contract  social  cohesion  social  tension  socialism  capitalism  crony  capitalism  neoliberalism  neoliberal  Privatisation  monetary  policy  fiscal  policy  hayek  reflate  reflation  Fed  ECB  BOJ  BOE  Makers  BIS  QE  ZIRP  NIRP  bank  bailout  sovereign  debt  crisis  banking  crisis  zombie  banks  excess  reserves  liquidity  trap  monetary  transmission  mechanism  M3  business  confidence  Taper  2015  secular  stagnation  stagnation  wage  growth  income  growth  economic  growth  global  trade  global  economy  globalization  global  imbalances  globalisation  flat  world  borderless  liquidity  JohnMaynardKeynes  keynes  Keynesianism  fiscal  stimulus  aggregate  demand  marginal  propensity  to  consume  zombie  consumer  consumer  debt  Richard  Koo  private  debt  debtoverhang  deleveraging  household  debt  debt  monetisation  debt  monetization  developed  world  western  world  squeezed  middle  class  disposable  income  income  distribution  inequality  Gini  coefficient  BRIC  emerging  middle  class  emerging  market  Angela  Merkel  Wolfgang  Schäuble  Developing  Frontier  Markets  inflation  inflation  business  targetin 
september 2015 by asterisk2a
Group of 20 Financial Leaders Agree to Act to Bolster Growth - The New York Times
Ms. Lagarde was even more explicit, making it clear that governments had for too long relied on the supply of cheap cash from central banks that have been running ultra-loose monetary policy. “Monetary policy alone will not cut it,” she said. “It is necessary, it is recommended from our perspective, particularly in Europe and in Japan still, but it will not cut it on its own. “Clearly in the fiscal sphere as well as in the structural reforms sphere, more needs to be done, and it needs to accompany and eventually take the baton from the central bank governors.”
Europe  IMF  UK  USA  western  world  Richard  Koo  recovery  fiscal  policy  fiscal  stimulus  long-term  view  long-term  thinking  underinvestment  productive  investment  infrastructure  investment  industrial  policy  STEM  R&D  austerity  George  Osborne  ChristineLagarde  OECD  GFC  economic  history  trickle-down  economics  neoliberalism  neoliberal  liberal  economic  reform  Research  competitiveness  differentiate  differentiation  value  creation  added  value  Manufacturing  job  creation  Niedriglohnsektor  Service  Sector  Jobs  Future  of  Work  Smart  Grid  renewable  energy  business  investment  consumer  debt  household  debt  debtoverhang  monetary  policy  QE  ZIRP  NIRP  Germany  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  inequality  Gini  coefficient  education  policy  David  Cameron  dogma  ideology  academia  academics  Mark  Blyth  Joseph  Stiglitz  Robert  Reich  Paul  Krugman  wage  growth  income  growth  G20  wage  stagnation  secular  stagnation  globalisation  globalization  flat  world  borderless  competitive  competition  currency  war  currency-war  currency  debasement  Exportweltmeister  BRIC  credit  bubble  global  economy  global  trade  global  imbalances  faultlines  structural  imbalance  Impediments  American  Dream  economy  energy  energy  policy 
september 2015 by asterisk2a
Jeremy Corbyn wins economists’ backing for anti-austerity policies | Politics | The Guardian
In the letter to which David Blanchflower, a former member of the Bank of England’s monetary policy committee is a signatory, the economists write: “The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidate’s statements or policies. His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity.” // UK can't compete with energy rich countries - ie through rebuilding (through subsidies) its industrial and manufacturing sector - it has to add value through expert services, knowledge, digital, research to existing products goods and services that then can be re-sold across the world - high energy cost, expensive transport through lack of infrastructure of the future, and lack of in-pipeline educated mobile youngster, is a structural deficit.
neoliberalism  Jeremy  Corbyn  David  Cameron  Labour  Party  Conservative  Party  Tories  Toff  Privileged  Establishment  dogma  ideology  austerity  Privatisation  neoliberal  budget2015  recovery  public  investment  underinvestment  productive  investment  infrastructure  investment  STEM  Research  digital  economy  knowledge  economy  differentiate  differentiation  IMF  OECD  global  economy  globalization  globalisation  borderless  flat  world  competitiveness  competitive  competition  competitive  advantage  current  account  deficit  trade  deficit  global  trade  trade  balance  Structural  Impediments  trickle-down  economics  economic  history  GFC  Generationengerechtigkeit  fairness  vocational  education  education  policy  social  mobility  income  mobility  Gini  coefficient  gender  inequality  inequality  professional  education  Future  of  Work  Software  Is  Eating  The  creative  destruction  added  value  value  creation  faultlines  working  poor  precarious  Precariat  squeezed  middle  class  deregulation  underemployed  unemployment  imbalance  subsidies  subsidizing  protectionism  Career  Politicians  Pivot  UK  economic  growth  economics  of  abundance  marginal  cost  energy  price  energy  policy  renewable  energy  Oil  price 
august 2015 by asterisk2a
El-Erian: This Is Not 1998 or 2008 - YouTube
it is a repricing. a correction. prices got too far away (reflation of equity & co through ZIRP, NIRP, QE, speeches, plus hunt for yield & FOMO). It just happened to be China being the trigger, the wake-up call - very loud wake-up call - bc of its economic size and heft. (taper talks 2015 that made equity already nervous, and bond holders too, was too timid). Reality check. // Was it justified, yes. // In the long-run, we are all dead. And in the long-run things will, eventually, correct itself. // People may take now into account a new normal, lower interest rate environment, lower global growth, lower yields, lower inflationary pressures, lower dividend payments, more work that corporates (crony capitalism) need to do to squeeze out that earnings growth especially in the western world. inequality - low wage growth/stagnation - less discretionary spending on non-essential items (in the western world). & "realization that policy tools were less effective". &! bv.ms/1NFsFUn
reflate  reflation  hunt  for  yield  ZIRP  NIRP  QE  asset  allocation  equity  bubble  speculative  bubbles  speculative  speculation  secular  stagnation  New  Normal  asset  bubble  bubble  bond  bubble  bubbles  distortion  economic  history  trickle-down  economics  recovery  UK  USA  Europe  dogma  ideology  austerity  fiscal  policy  fiscal  stimulus  Richard  Koo  Japan  lost  decade  lost  generation  balance  sheet  recession  deleveraging  savings  rate  debtoverhang  debt  servitude  sovereign  debt  crisis  faultlines  Structural  Impediments  participation  rate  unemployment  imbalance  Makers  policy  error  policy  folly  macroprudential  policy  microeconomic  policy  monetary  policy  monetary  theory  unconventional  monetary  policy  monetary  transmission  mechanism  monetary  system  STEM  industrial  policy  Manufacturing  competitiveness  globalisation  globalization  flat  world  commodity  business  commoditization  borderless  deflationary  deflation  Software  Is  Eating  The  Marketplace  mobile  homescreen  mobile  phone  mobile  first  Smartphone  Revolution  2.0  energy  price  Oil  price  inflation  expectation  wage  stagnation  wage  growth  productivity  output  gap  underinvestment  Gini  coefficient  inequality  income  mobility  social  mobility  productive  investment  IMF  OECD  developed  world  emerging  emerging  growth  investment  midd 
august 2015 by asterisk2a
Global economic growth to slow, NIESR predicts - BBC News
'Domestic risk' While NIESR was generally upbeat about the UK economy, it believed that weak productivity would remain a challenge. Simon Kirby, an economist at the institute, said: "It's the major domestic risk." NIESR expects inflation to remain about zero until the end of the year due to low oil prices and the strong pound, but that it will return to the Bank of England's target of about 2% a year by 2017. The think-tank expects the Bank of England to finally raise interest rates in February next year. Economists polled by Reuters last month mostly expect the Bank to raise rates in the first quarter of 2016.
UK  2015  recovery  deflationary  deflation  secular  stagnation  productivity  output  gap  fiscal  policy  austerity  fiscal  stimulus  industrial  policy  George  Osborne  short-term  thinking  short-term  view  budget  deficit  current  account  deficit  David  Cameron  Tories  dogma  ideology  Career  Politicians  No  Representation  Taper  STEM  policy  folly  policy  error  Makers  education  policy  microeconomic  policy  macroeconomic  policy  globalisation  globalization  flat  world  borderless  job  creation  Service  Sector  Jobs  precarious  work  Zero  Hour  Contract  Contractor  Niedriglohnsektor  minimum  wage  living  wage  Manufacturing  added  value  value  creation  ecosystem  vocational  education  professional  education  apprenticeships  competitive  competitiveness  competitive  advantage  neoliberalism  neoliberal  Lohnzurückhaltung  disposable  income  discretionary  spending  working  poor  squeezed  middle  class  Precariat 
august 2015 by asterisk2a
BBC iPlayer - Newsnight - 08/07/2015
"Comprehensive analysis of the Budget with Evan Davis and guests." // During the election David Cameron said child tax credit/benefit was off the list of welfare spending cuts. - broken election campaign promise // --- SHOULD BE (Labour Party Policy for next election):: make work pay and eliminate child poverty AND help people (everyone) w education and support to find better and more gainful work that lift them and the economy by producing added value products. // no path to higher wages, no path to higher productivity, no path to added value British Products export increase (manufacturing, research, STEM, ...) // low wage jobs have no to very little economic multiplier ... take into account tax credits etc and it is net-negative for state and the council //
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july 2015 by asterisk2a
Budget 2015: The return of Tina - BBC News
Tina, it would appear, is back. Forgotten Tina? The acronym for There Is No Alternative? Regularly cited by Margaret Thatcher? Thatcher? Oh, come on, it hasn't been that long since the Tories were in sole command of the UK. [ // history rhymes; Angela Merkel and her "Alternativlos." = There is No Alternative. ] George Osborne set out quite deliberately in a range of ways to suggest that there is no effective or realistic alternative to his approach. [...] It is aimed over their heads at the voters. Mr Osborne is seeking to suggest that there is a remorseless logic to his package, that only the ingrate or innumerate would oppose it.
Alternativlos  Angela  Merkel  dogma  ideology  history  Margaret  Thatcher  Career  Politicians  austerity  No  Representation  economic  history  bailout  liberal  economic  reform  neoliberal  neoliberalism  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  tax  evasion  tax  avoidance  GFC  Wall  Street  lobbyist  lobby  Lobbying  toobigtofail  TBTF  too  big  to  jail  crony  capitalism  welfare  state  Public  Services  Social  Services  added  value  job  creation  industrial  policy  education  policy  Gini  coefficient  mobility  income  mobility  downward  mobility  vocational  education  skills  gap  Future  of  Work  Software  Is  Eating  The  World  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  Aufstocker  globalisation  globalization  differentiate  differentiation  commodity  business  commoditization  borderless  flat  competitiveness  competitive  media  conglomerate  conglomerate  Lügenpresse  manufactured  consent  propaganda  populism  PR  relations  Conservative  Party  Tories  Toff  Establishment  Privileged  spin  doctor  Leadership  IMF  World  Bank  IBS  zombie  banks  George  Osborne  David  Cameron  GroKo  Germany  UK  policy 
july 2015 by asterisk2a
TTIP: EU-Parlament stellt sich hinter Freihandelsabkommen - SPIEGEL ONLINE
"Die Abgeordneten erzielten am Mittwoch einen Kompromiss. Die von Linken als undemokratisch kritisierten privaten Schiedsgerichte sollen durch ein neues System ersetzt werden, heißt es in dem Beschlusstext. Dieser wurde am Mittwoch mit 436 Ja- gegen 241 Nein-Stimmen verabschiedet. Stattdessen sollen unabhängige Gerichte über derartige Fälle entscheiden. Damit will Straßburg eine befürchtete Benachteiligung europäischer Unternehmen bei Klagen gegen Staaten verhindern." [...] Nach Einschätzung des Präsidenten des Bundesverbands der Deutschen Industrie, Ulrich Grillo, macht diese Entschließung den Weg frei "für echte Chancen und klare Regeln im transatlantischen Handel". [...] Die Verbraucherorganisation Foodwatch und die Bündnisse "TTIP unfairhandelbar" sowie "Stop TTIP" zeigten sich enttäuscht von der Resolution. Die Abgeordneten hätten damit die Gelegenheit verpasst, der Aushöhlung der Demokratie durch Freihandelsabkommen und Konzernklagerechte einen Riegel vorzuschieben, [...]
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july 2015 by asterisk2a

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