Anders Borg's confession and the false burden of debt In 2005, Anders Borg admitted that it was not welfare that caused the 1990s crisis, but a misvalued exchange rate and poorly managed macroeconomic policy. Despite this, welfare was left to bear the blame. The Moderates used this narrative to push through attacks on wage earners, privatizations and cuts. Already in 2006, when Fredrik Reinfeldt won the election,…
Category: Real economy
The worst consequences of neoliberalism - from economic to social disaster
The consequences of neoliberalism are profound and devastating. From greedflation and right-wing extremism to the risk of global war and climate catastrophe, this ideology undermines society's stability, health and future. Economic inequality and reduced democratic rights threaten future social cohesion and global peace. Greedflation after 2020 Companies raise prices well above their cost increases to maximize profits. This phenomenon,…
Wage gaps in business not productive
The report "Reining in CEO Compensation and Curbing the Rise of Inequality" by Dean Baker, Josh Bivens and Jessica Schieder shows how the increase in executive pay since the 1970s has widened income gaps in the US. High salaries for company leaders lead to other senior managers also being paid more, while the salaries of the employees in the middle and at the bottom…