Heiner Flassbeck: The market economy of the 21st century

One can only give the author right; the global economy is facing major challenges. Flassbeck is willing to take all urgent economic, social and environmental issues of our time. So far so good. Unfortunately, the then proffered supposedly new idea turns out to be a throwback to the Keynesian toolbox of the seventies of the last century. This is a permanent influence on the economic development in short global control. Make no mistake about, without state aid it would be the biggest financial and economic crisis since the Great Depression.

The reality is, however, the state has previously participated actively in the creation of this crisis. Only through the unsound financial management states, it could become the object of speculation. In addition, the “debt crisis” is not the primary result of speculation. The majority of this debt comes from the pre-crisis period. In Germany, the figure is around 1.5 trillion euros. “The state can also fall back on the assets and the income of its citizens and thereby increase his own wealth.” Surely, the state can dramatically increase the tax. Nevertheless, as the average tax rate and the aspirations of the taxpayer will increase. Undeclared work, tax capital flight will increase. Top performers are moving. All of them already have serious problems.

A brief cultural history of money

Dieter Schnaas has done something unheard of. In only 170 pages, he reveals the entire evolutionary history of the money out, from the Phoenicians to the financial crisis.Of course, one can speak in any case of a “small cultural history of money.” It comes to a flirtation and provocation of the Berlin business journalist Dieter Schnaas.What is it? May be one part is a history of economic thought; the other is the “trivial liberalism in modern financial markets”.

Schnaas is convinced that the financial crises of today are not a sign of market failure, or a crisis of capitalism. They are not an argument against the greed and certainly, they are not proof of the folly of management salaries and profit goals. Rather, they are an expression of a collective state capitalist system failure.

Money is money, and the demon is the lover of people. Possession of money, it was the freedom not have to care about money.We are in our own hands, when we have the money to open new access ways, or even for what seems essential for us, such as the environment and natural resources.