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. …