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textTax haven USA wants to dry up other tax havens by A.Widmann, D.Bocking and K.Schoeneberg
The American government can certainly be accused of double standards in this matter: While the United States refuses to take action against its own tax havens, it wants to get at other tax havens..Two US states Delaware & Nevada lure with lax laws for companies. Constructions such as mailbox companies, which conceal the true owners of companies, are flourishing....
Posted: Tue Sep 22, 2020 10:09AM
textJob guarantee for COVID-pandemic victims by Simon Theurl and Dennis Tamesberg
A job guarantee for the long-term unemployed is needed. A sufficient number of jobs must be created. This is where politics is needed. The quality and range of public services can be improved. Long-term unemployment is a market failure. People who want to work cannot find a job....
Posted: Fri Sep 11, 2020 7:09AM
textMother Jones Epidemic by Michael Steinberg
As a Labor Day weekend begins with many millions out of work, while we're supposed to stay home (if we have one) and not have any fun,I thought I'd share from Mother Jones' autobiography how she lived though the epidemic of her day....
Posted: Fri Sep 4, 2020 11:04PM
textAmerica's Dual Recession by Laura Tyson and Lenny Mendoncaa
There is every reason to expect that many of the lost jobs – perhaps as many as 40% – will never come back. In the short to medium term, the tragic paradox is that employment opportunities are both too few and pay too little....
Posted: Tue Sep 1, 2020 3:36AM
textWorking Hours: A four-day week by Heinz Bontrup
Reducing working hours is a socio-economic investment that often brings better long-term health and more time sovereignty. A three-day or four-day workweek is the only way to ensure meaningful work to the rising generation. State or public employment is necessary to supplement private employment. Part-time workers should work more while 38-hour workers should work less....
Posted: Sat Aug 29, 2020 7:39AM
textEurope needs an effective guarantee of youth solidarity by Johann Bacher, Dennis Tamesberger&awblog.at.
The Youth Guarantee could create an entry-level job market in the public or non-profit sector - in other words, jobs that serve the common good. It is the austerity policy in the wake of the finnacial and economic crisis that has delayed the socio- and ecological transformation in European countries and opened up gaps in services which now need to be closed....
Posted: Thu Aug 13, 2020 10:33AM
textWhen Wealth Destroys Wealth: Inverse Capitalism and its Limits by Norbert Trenkle
Ever-increasing real estate prices was an illusion. The boom that the US stock markets have experienced in recent years deserves the name fracking boom. Fictitious capital put the US economy back on the growth track. Inverse capitalism describes contemporary capitalism determined by dynamics of the financial market....
Posted: Wed Aug 12, 2020 3:45AM
textA fair and solid crisis financing by Philipp Gerhartinger and Joseph Woss
The contrast between the EU and the US in COVID financing could hardly be greater. McDonald's operators, Marathon Oil (over $400 million), Exxon, Chevron and Sea World received relief and will reduce their future tax payments. Tax gifts charac terize the US way of corruption and contradict these recommendations....
Posted: Wed Aug 5, 2020 12:07AM
textHow to generate unemployment and deflation by Heiner Flassbeck, R Reich and A Neubacher
The theory put forward by fair-weather philosophers that the pandemic will be a salutary shock leading to a better, more sustainable world is wrong. Forced renunciation and economic decline do not make anything better. Less is not more, but less. Corona is not an opportunity, it is an evil. We can only hope that one day it will pass....
Posted: Mon Aug 3, 2020 2:12AM
textAmerican Sustainable Business Council has blueprint for a post-covid economy by Ramona du Houx
With many stimulus plans in the offing it's clear they must address systemic racism. American Sustainable Business Council has blueprint for a post-covid economy that does that....
Posted: Tue Jul 21, 2020 10:06AM
textThe state must cushion the economic impact by Heiner Flassbeck
Heiner Flassbeck expects a slump of the German GDP of 20-30%, Neither Trump nor Merkel said a word about stabilizing the economy. You can't just shut downthe erconomy and then hope nothing happens. Companies, banks and people must be supported. Money must go to those now becomiing unemployed.....
Posted: Mon Jul 20, 2020 3:48AM
textUnemployment Claims Still Not Paid; Picketlines Needed by Register Peace & Freedom or Green
Today's check of the Twitter, https://twitter.com/search?q=%23EDDFailOfTheDay&src=typed_query&f=live, shows that the Unemployment office is still not paying claims dating back to March and private profit contractor Deloitte is still allowed to touch confidential information and pretend to process these basic claims when Deloitte should be fired immediately for obvious violation of its contract to pay the claims immediately....
Posted: Sun Jul 12, 2020 9:42AM
textThe economy for faith healers by Tomasz Konicz
Due to the sharpening contradictions of late capitalist socialization, barbarism, not reason, is increasing. Reason is not advancing in the overall historical movement, as once postulated by Hegel. Only the overcoming of this false whole, which is decaying openly, would offer humankind a chance of survival....
Posted: Thu Jul 9, 2020 7:40AM
textThe Job Guarantee in the Corona Pandemic by Maurice Holgen and Dirk Ehnts
A fundamentally new European economic order based on solidarity is needed. This is the only way to better face future crises and address the growing inequality of wealth. Important building blocks of this "future structure" are a permanent departure from restrictive fiscal rules, the expansion of the EU's own resources, and public investment. Life is not a monopoly game....
Posted: Mon Jul 6, 2020 6:35AM
textClimate crisis and social transformation in the age of Corona by Norbert Trenkle
Material wealth in the form of useful things and utilities is only a means subordinated to the objective of capital accumulation and is sacrificed when that objective can no longer be achieved… Without the state, capitalist society would fly apart immediately. The state, however, is an essential precondition for abstract wealth production and dependent on it....
Posted: Thu Jun 18, 2020 8:07AM
textFrom the irrationalism of the market to the irrationalism of life in neoliberalism by Patrick Schreiner
The only thing that matters is whether the market rewards the efforts or not. By definition, compulsion does not come from the market. The distribution results of functioning markets are always just and superior to any other distribution variant, according to Hayek....
Posted: Mon Jun 15, 2020 4:43AM
textCorporate Media Are Focusing on Race -- and Dodging Class by Norman Solomon
Economic exploitation, hidden in plain sight...
Posted: Thu Jun 11, 2020 5:19PM
textBudget Time: Transfer Police Budget to Services for the Workingclass by Name of the Game Is Money
On June 7, 2020, around 3 p.m., a march of a few thousand young people was seen on Bay Street, coming from the Marina, turning onto Columbus and filled the entire length of Columbus to Stockton, where it turned for a block to Vallejo, the heart of the working class Chinese immigrant community, where they stood and chanted "Black Lives Matter" outside a police station....
Posted: Sun Jun 7, 2020 5:38PM
textOur normality is not returning by Adam Tooze
Enormous and immediate compensation measures have so far prevented an immediate global financial collapse. But now we are facing a protracted period where falling consumption and declining investment will lead to further contraction. 73 percent of American households report having suffered a loss of income in March. For many, this loss is catastrophic....
Posted: Tue May 26, 2020 3:20AM
textCorona and the collapse of modernization by Roswitha Scholz and Herbert Bottcher
Corona is the trigger but not the cause of the worsening crisis situation. It will accelerate the disintegration of capitalism. Pragmatism and cooperation on an international scale are called for. Sometimes the state protects life and sometimes relaxes it in the interest of the functioning of the economy. Infrastructure socialism takes health care from the market....
Posted: Fri May 22, 2020 3:40AM