Category Archives: neo-liberalism

The headwinds of America

Ars Technica has a short post up reporting on a discussion about slowing US economic growth at a TED conference. The first speaker apparently characterized the problem thus: In his talk today, Gordon named four “headwinds” that confront the nation—demographics, … Continue reading

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The Japanese picture is getting clearer (for me)

Heiner Flassbeck discusses Krugman’s take on Japan at his site Flassbeck-Economics. In particular, he criticizes the view of Japan’s lack of inflation as being related to a “liquidity trap”, and points out: Nominal wages (compensation of employees) have been falling … Continue reading

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Fewer imports doesn’t mean your working population is doing well

I was at the gym yesterday and like most slightly upscale gyms (not very upscale since I never understood the need to pay upwards of 100 euros to lift weights) it shows news channels on several TV screens. One of … Continue reading

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Supranation austerians

Most countries in the eurozone are in recession and what do the austerians (led by Merkel and Cameron) do? Cut the EU budget… This means lowering salaries of EU personnel (this was supported by German media claiming that many EU … Continue reading

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In neo-liberalism, it’s always the individual’s fault

There’s a post up at Telepolis in which the author contrasts neo-classical, Austrian and MMT-approaches to solving the current crisis. His diagnosis is that the problem is private over-indebtedness, which “paralyzes” individuals and banks and which needs to addressed “as … Continue reading

Posted in austerity, belief systems, debt, deficit spending, economic policy, macroeconomics, MMT, neo-liberalism, private debt, wealth distribution | Leave a comment

Another year and austerity still doesn’t work!

So, Germany’s GDP has shrunk in the fourth quarter and growth for the entire year was weak (http://www.spiegel.de/international/business/german-shows-budget-surplus-in-2012-despite-slow-growth-a-877563.html) – weaker than in Japan, China or the US, countries that did not go (full) austerity. This doesn’t come as a surprise … Continue reading

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Is Open Democracy just a camouflaged propaganda tool?

Open Democracy is an infuriating site. On the one hand, they discuss important developments in the Middle East and North Africa, women’s issues, topics relating to democracy and mass media. On the other hand, they keep giving a propaganda platform … Continue reading

Posted in austerity, belief systems, debt, deficit spending, developed countries, neo-liberalism, private debt, public debt, standards of living, wealth distribution | Leave a comment