Work for all is the goal society must have. Brilliant text on the benefits of full employment and its positive side effects. Niklas Blomqvist questions the idea that the market itself can create full employment. For example, Blomqvist points out that attempts to follow this path in the last thirty years have not produced the desired results. He emphasizes that work for…
Category: Rantor
Resistance to deficits and investments leads to recession in Sweden
Resistance to deficits and investments leads to a recession in Sweden. According to a debate article by Daniel Suhonen and Enna Gerin, Sweden is backing away from Kataly's handfalls into the future. The Tidö government suffers from a morbid inability to grasp Sweden's problems. The country will probably enter a recession. Growth will be the lowest in the EU. Swedish households do not have…
Inflation peaked in July 2022 in the US but not the interest rate
Inflation in 2022 was due to bottlenecks in production due to the pandemic. The rate hikes did not stop inflation, according to Alan Blinder, former vice chairman of the Federal Reserve. Since July 2022, the rate of price increases in the United States has decreased. Unemployment is the lowest in 50 years. The rising prices are otherwise due to too little competition between the few dominant market players and too free pricing....
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…
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…
How to save equality and the environment/nature all over the world
Global equality and the environment - how do we save these? Modern Monetary Theory (MMT) is a macroeconomic theory that proposes that governments with their own currency have the ability to spend unlimited amounts of money on desirable sectors of the economy. Sustainably productive investments increase budget space According to MMT, government spending is limited by inflation and not by public debt....
The left party for welfare, climate and industry
First: the public sector must take back control of welfare from the market. It is when politics takes responsibility that we can have functioning care, school and care, full employment and secure jobs. Ever since the 1990s, both s and m governments have privatized and introduced market systems. The Left Party stopped the latest such attempts when they dropped the proposal to…
Interest rates do not control the economy
Interest rates do not control the economy. This makes the central banks' monetary policy an extremely ineffective and blunt tool. Jussi Ora has done the following excellent video interview with economics professor Richard Werner. Werner has examined the historical empirical evidence on whether interest rates control the development of the economy. The result was that interest rates do not control this. Fiscal policy is a much more effective tool for governing…