10. Juli 2012 Wie viel Staat steckt noch im den amerikanischen Institutionen?
Exit from comment view mode. Click to hide this space CAMBRIDGE – There was a time when we economists steered clear of politics.
It is a tenet of American economic beliefs, and an article of faith for Republicans that is seldom contested by Democrats: If taxes are raised on the rich, job creation will stop. Trouble is, sometimes the things that we know to be true are dead wrong. For the larger part of human history, for example, people were sure that the sun circles the Earth and that we are at the center of the universe.
Real 1982 goods producing wage earner hourly wage What happens if there’s a class war and only one side bothers to show up and fight it? That’s what happened over the last thirty years. There was a class war, and the rich won. Period. It’s over, they kicked our knees out from under us, put on their steel toed boots and spent the last thirty years telling us that they were going to trickle on us and we’re going to like it and beg for more.
Luke Sharrett for The New York Times President Obama visited the McLaughlin family in Cedar Rapids, Iowa, while campaigning in the state in July. No one can accuse the presidential campaign of ignoring the American economy or the plight of the middle class. Yet the scale and the complexity of the problem are typically lost amid the charged back-and-forth between President Obama and Mitt Romney .
Illustration by Daniel Pudles We could call it Romnesia: the ability of the very rich to forget the context in which they made their money. To forget their education, inheritance, family networks, contacts and introductions. To forget the workers whose labour enriched them. To forget the infrastructure and security, the educated workforce, the contracts, subsidies and bailouts the government provided. Every political system requires a justifying myth.
from Dean Baker Some economists don’t get paid to know about the economy, but to justify the trickle-up of wealth. There is no serious dispute that the United States has seen a massive increase in inequality over the last three decades. However there is a major dispute over the causes of this rise in inequality.
Ökonomen fordern höhere Spitzensteuer Großverdiener sollen teilen: Ökonomen fordern höhere Steuern auf Einkommen, Vermögen und Erbschaften der extrem Reichen. Das soll die öffentlichen Haushalte sanieren. von Hannes Koch Einer für mich, einer für dich; einer für mich, einer für dich.
Last Friday, Eurostat released the latest European unemployment data for November 2011. The results were horrific, with unemployment rates in Spain now close to 23 percent (as at November 2011 and rising) and Greece 18.8 percent (as at September 2011) and rising. Greece’s unemployment rate rose 4.8 per cent in the first 9 months of last year. By contrast, the US jobless rate dropped to a near three-year low of 8.5 percent. Looking at the US data one certainly does not see a boom, but there is a pervasive pattern of improvement that is not consistent with anything seen in Europe.
Catherine Crampell at Economix blog pointed to a disturbing article Thursday. It shows that full-time male workers in the United States were making less in real, that is, inflation-adjusted, dollars in 2009 than they were in 1969. But the picture is even worse than that. When you take into account all men aged 25-64, whether they are working full time or not, they are making far less in real dollars in 2009 than they were four decades ago. Unsurprisingly, the less education they have, the worse off they are.
Companies are squeezing greater profits out of their employees, even as layoffs rise and the outlook for hiring and raises remains mixed, a recent study has found. Profits per employee have gone up for the second year in a row, according to a study by the financial analysis company Sageworks, suggesting that companies continue to get more out of their employees as they slash their payrolls in an effort to get leaner. The findings also suggest that profits have been rising despite the lack of a corresponding increase in wages. The private companies surveyed by Sageworks reported that their profits per employee climbed to $15,278.72 in 2011 from $12,488.02 in 2010, a rise of about 22 percent for the year.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph CAMBRIDGE – I have been presenting my new book The Globalization Paradox to different groups of late. By now I am used to all types of comments from the audience.
Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come into focus, a reliable set of defenders tries to bring back the blur. Think tanks put out reports claiming that inequality isn’t really rising, or that it doesn’t matter. Pundits try to put a more benign face on the phenomenon, claiming that it’s not really the wealthy few versus the rest, it’s the educated versus the less educated. So what you need to know is that all of these claims are basically attempts to obscure the stark reality: We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only. The budget office laid out some of that stark reality in a recent report, which documented a sharp decline in the share of total income going to lower- and middle-income Americans.
Forscher der ETH haben die Weltwirtschaft systemtheoretisch unter die Lupe genommen. Ihr Fazit: Ein paar Konzerne besitzen die Macht über den globalen Kapitalismus. Dies birgt hohe Gefahren. Im Zentrum der Macht: UBS-Sitz in Frankfurt. Bild: Keystone
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies , mainly banks, with disproportionate power over the global economy. The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
Least Cost Planning (Negawatt)
PPP (Public Private Partnership)