Debt Tribunal and Green Socialism

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Qualitative growth, breaking out of the box of quantitative growth, is the key to solving mass unemployment, environmental destruction and trade imbalance (cf. Hans Christoph Binswanger, "The Growth Spiral"). A job in education costs 1/10 what a job in a chemical dye plant costs.

The media is part of a system that refuses change. Alternative economics includes reducing working hours, person-oriented work, labor-intensive investment, community centers and soft power.

to read the articles by Andreas Candeias and Andreas Willnow published in 2011, click on

http://portland.indymedia.org/en/2012/05/415885.shtml

demandside's picture
demandside
Joined:
Jul. 31, 2007 3:01 pm

Comments

Last year there was a "debt commission." When they presented their findings to the president, he promptly ignored their recommendations.

rigel1's picture
rigel1
Joined:
Jan. 31, 2011 6:49 am
Quote Mario Candeias:

With the intensification of the Maastricht criteria in the so-called EuroPlus pact, neoliberal principles are again fixed institutionally.

That's the first sentence, and probably the most important sentence in the piece.

What has made this current situation such a budding crisis is the rigidity of institutions that lead to recurring inflexibility in policymaking no matter who is elected to high office.

Undoubtedly that institutional fixedness, based on perpetually failing principles, is the criteria upon which those we elect decide who is most expert (in other words, "safest" for them so they can get re-elected) at managing.

And so we get a tautological cycle of "experts" who are steeped in neoliberal-oriented economic principles and who therefore cannot begin to shift towards taking the necessary steps that might result in debt tribunals and other measures, like public banks, which would begin revitalization with new measures desperately needed to solve the conditions that seem only to be pouring gasoline on the fires of very real impending crises.

Those creative steps come where our neoliberal-based principles have already created a catastrophe -- in the colonized peripheries like Ecuador.

Quote Mario Candeias:

A gradual socialization of the investment function is necessary. Who really decides over the use of resources in society? What works are socially necessary? The market is described as the most efficient allocation mechanism for investments. The neoliberal credit- and financial system gathers isolated capital (latent productive money). However the market does not succeed any more in guiding capital to adequate productive investments. Instead it produces the over-accumulation of capital, waves of speculative bubbles followed by destruction of capital and jobs while ever larger areas of social reproduction (for example education, training, environment restoration, fighting hunger, infrastructures and public services) lie fallow or are economized to their ruin.

The investment function must also become a public task with the socialization of system-relevant banks beyond international financial regulation. A network of public banks must be built. Participative budgets must be gradually introduced on all planes. Socialization of participative decisions about investments is a prerequisite of social reorganization. What is the goal of reorganization? (my emphasis, .ren)

.ren's picture
.ren
Joined:
Apr. 1, 2010 6:50 am

The difference between an ideological and a religious conversion is becoming irrelevant. "Economic man" has lost its possible heuristic utility and has become the Established Religious Dogma as Money replaces social realism as the mirror of our humanity. Like those who argue that God cannot create anything not good, the acolytes of the "free market" continue to worship the image and ignore the reality on the ground. As "realists" they must beat back any cognitive dissonance as if it were heresy and a distraction from the fundamental morality of money and debt.

What does it take for an agent of finance to see that this 'work' is serving some lesser power than God? This is at least how I see the task and it is like reasoning with the insane.

drc2
Joined:
Apr. 26, 2012 11:15 am

Currently Chatting

The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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