Grass roots - unite! During the late 1960s, when the Social Democrats were at their strongest, they instituted an economics prize in his memory against Alfred Nobel's wishes. Soon a bloody coup d'état was carried out in Chile by the right. The Nobel committee immediately chose to award the prize to neoliberals such as Milton Friedman. This marked a shift on false grounds from Keynesianism to neoliberalism for…
Category: The 70s crisis
Visitation zones instead of competitiveness
In visitation zones, the police must be able to stop and search people without having a specific suspicion of crime. The idea is that it will make the streets safer, but many are against it. Critics believe that it can lead to abuse and violations of people's rights. This is especially true if it is used against certain groups based on skin color…
Neither demonizing nor releasing the right-wing extremists helps
Of course, it is important not to demonize any political movement, including far-right groups. But helping more extreme right-wing politics by inviting discontent parties on the extreme edge of the right, as The Economist advocates on 2023-09-14 in the editorial "The EU's liberals need better ways to deal with populists" solves nothing. Too often, the right-wing extremists are too…
Can solar and wind boost productivity?
When productivity increases, preferably without us working harder, we get more to distribute or things that under facilitate our livelihood, efficiency and comfort. Since the 1970s, information technology has been in focus. This has not facilitated the physical production that much? Can the development of solar, wind and water energy not only save the climate but also speed up…
No government deficits – society's unnecessary straitjacket
Vote for bigger government deficits! Deficits are part of how the state regulates the market and protects citizens and nature. Neoliberalism attacks this. How is money created? Can we afford to work? Sweden's Riksbank's prize in economic science in memory of Alfred Nobel in 2022 suggested that banks have an important role for the social economy even if this can…
Extortion - our society's highest morality
The title may sound a bit absurd. But how many of us don't work with blood, sweat and tears? Time studies take place at workplaces. The aim is to get the most out of the worker in the shortest possible time as often as possible. If the worker cannot live up to this, even if only by a few percent, she is ashamed to death...
Interest rate increases do not bite today's profit-seeking inflation
Interest rate increases do not bite profit-driven inflation. Big capital exploits its strength. Many companies have a monopoly position. They use this to push prices up faster than wages. This is how Big Capital exploits the crisis after Ukraine and the bottleneck effects after Corona. There are now bottlenecks on e.g. economically important semiconductors and other. This means that for the production of certain goods it does not…
Financial capitalism and feudalism in the West versus industrial capitalism in the East
Financial capitalism in the United States today is reminiscent of the former feudalism or l'ancien régime in Europe at the end of the 1700th century. In the last years of feudal rule, the money within the elite went mostly to passive, interest-bearing and cike-productive incomes. Industrial capitalism out competed the aristocracy during the 1800th century by delivering goods, albeit brutally. There was also over time in industrial capitalism a…
Trickle-down economics has reached the end of the road
Comedian Jonathan Pie shows with pinpoint brilliance in the video below how Trickle-down economics with his mantra: "Help the rich! Punish the poor!” not working. Trickle-down economics does not build a strong economy nor a strong welfare. Put simply, it leads to a very difficult existence for those who have the least. Even many high achievers…
Normal inflation means both rising prices and wages
The last year's inflation has mostly meant rising prices. Wages and welfare have not kept up. Result: record-breaking cash register at e.g. ICA and many energy companies. Politicians especially within the right but also within the social democratic movement and trade unions contribute. They urge the wage earners not to demand compensation for increased prices. This is because our inflation…