Economics and politics - comment and analysis

The Great Paradox: Liberalism Destroys the Market Economy – Part 3

Capitalism is celebrated by the liberals as a success story. But this success can only be seen in the USA – and, even then, only for reasons that are incompatible with the liberals’ own ideology.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

In the second part I already pointed out that the neo-liberal revolution in Germany after 1980 was by no means a success story. …

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The Great Paradox: Liberalism Destroys Market Economy – Part 2

Capitalism is celebrated by the liberals as a success story. But, since the liberals came to power, capitalism has lost an enormous amount of its allure. There is no right policy when the thinking behind it is wrong.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

The public sphere of Western democracies, …

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The Great Paradox: Liberalism Destroys the Market Economy – Part 1

Capitalism is celebrated by liberals as a success story. But it was precisely the rule of liberalism that drove the market economy into a major crisis. A reflection on 70 years of post-war economy.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE

In the two pieces on a “world without interest” (to be found in German here and here) I have already explained why the current situation of the world economy differs so fundamentally from what for many decades was regarded as the model of the market economy. …

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