For some, already 25 percent return for the other short-time working and job losses - the economic crisis worsened the social gap and becomes a systemic crisis. "Against boundless greed" Millions marched on May 1 - but you can limit the search for yield in a capitalism that is driven only by profit
? will
From the anger in the country, the gardens, says the man, the Registrar to be the foundations of society, who got a crack from the "Land of the market radicals," he says and says the U.S., want the "yellow blacks" to Angela Merkel, who see the crisis as "accident" and quickly return to the "old rules" talks, Frank-Walter Steinmeier, and the more he is - if you say that about him can - speak in a rage, the more clearly see the audience in the coming months ahead. The Social Democratic chancellor candidate falls on this Sunday afternoon in Berlin Tempodrom from the ideological front, is listed on the till the elections in September, the debate about the social consequences of the financial crisis.
The 2500 party members have come to be explained, the "Bulletin of action," the government program called manifesto. It is an early start to the campaign, the attempt by the SPD, a lightning attack, which is the interpretive want to win on the causes of the financial crisis: we have always warned against the market radicalism, which was responsible for the other, and no later than Steinmeier, serious and pale, at the end of his hour-long speech "up there", ie. die oberen zehn Prozent der Deutschen, darauf einstimmt, sie müssten auf ihren „starken Schultern" zukünftig mehr Lasten tragen, und denen da unten „die Dimension der Krise" offenbart, ist klar, in was für einer historischen Krise die Deutschen stecken:
„Es hat erst begonnen. Wir sind lange nicht durch. Vor uns liegt eine risikoreiche Zeit." Es sind nicht nur wirtschaftliche Daten, die beunruhigen, es sind gesellschaftliche Grundfragen, die die ökonomische Krise aufwirft. Dass ein Manager wie Deutsche-Bank-Chef Josef Ackermann schon wieder von 25 Prozent Rendite schwärmt, während Arbeitslose, Kurzarbeiter und Steuerzahler dabei sind, für die Folgen high-risk speculation bankers are almost was denounced on the 1st May demonstrations as an expression of an unjust society. With 4.7 million unemployed have to face it, predicting the economic research institutes. It is a fearful silence over the country, it is the fear that lurks behind the crash message, the deep fall, the belief of three-quarters of the Germans. 57 percent are worried about their economic future, 38 percent believe it is already affected by the crisis.
Six months after the American lnvestmentbank Lehman Brothers collapsed and the global economy pulled into the abyss, is from the U.S. financial crisis a global systemic crisis become. "Capitalism is based on the strange belief that nasty people will make of vile motives somehow for the common good," the British economist John Maynard Keynes, the gain in knowledge after the world economic crisis of 1929 has brought together, and so about it is formulated in the following weeks. Not only from 1-Apr-demonstrators, but by opinion leaders in the society of statesmen, bankers, managers and economists, who are shaken in their faith in the market economy. The fundamental problem of capitalism, it formulated the new U.S. President, was "a culture in which people earn enormous lot of money, the whole Economy to jeopardize these people "Rage over." "- Until a year ago the heroes of wealth - is global, in the United States, rich and shameless." Mentioned by the media "greedy bastards", in France strikers take manager hostage, the pope urged the faithful to "not get used to the exploitation of man by man".
Frank Schirrmacher, literary editor of the Frankfurter Allgemeine Zeitung and have not noticed as subversives, requested the readers of his newspaper, the reasons it was "that we live in a society that is in the process according to their natural habitats now ruining their social environment with open eyes? "There are questions like these that make the followers of a system that has brought two centuries of growth and income.
What kind of a system, this is one those questions that can be driven by the collapse of a bank to the brink of bankruptcy? If the greed, that's another
question has caused this systemic collapse, how will this system work without the greed of factory owners, .? Manager Banks When the profit of a few society out in the crisis, rather than - as always claimed - to benefit the common good of all, wie legitimiert sich dann Privateigentum? Was ist das für ein System, in dem der Staat dieses Privateigentum mit Hunderten Milliarden Euro Steuergeldern vor dem Ruin schützt? Was sind das für Politiker, die das Geschäftsgebaren der Großbanken ermöglicht. geduldet und gefördert haben? Und schließlich: Was ist das für eine Demokratie, in der diese Politiker von den Steuerzahlern und Wählern Zustimmung für diesen Lobbyismus erwarten?
Diese Systemfragen wirft die globale Finanzkrise auf, und wenn auf solchen Treffen wie dem G-20-Gipfel in London die versammelten Mächtigen der Welt vordergründig um neue Regeln für die Finanzmärkte streiten. they aim to responding to a profound existential question: how do we save capitalism from itself? It's about the relationship between state and market. the social orientation of the system to democracy, to the question: What kind of society do we want?
The financial crisis has driven the West's leading power in a crisis that is
more economical than a crisis. The Western model of parliamentary democracy with a market economy is responsible for creating a "monster" as it is called Federal President Horst Köhler, a conglomerate of financial capital and politics, the world to the brink of ruin operation. Therefore, it must be like capitalism Iassen questions that are answered in Washington, unlike Beijing, Moscow or Berlin.
It competes capitalism with itself, it is the Anglo-American capitalism is competing with the Chinese squad capitalism, the Russian state capitalism with the Swedish welfare capitalism, the French central capitalism with the laissez-faire capitalism of the British, and also in Dubai, Singapore, Chile and Vietnam have them back very different responses to the question of how much greed, the market economy needs, how much nationalization of how much welfare state, how much democracy.
In Germany the social market economy as the right response to the desire for profit, the President has recommended in his Berlin speech to the Americans and humanity, "our model": "The Germans have something to offer when working up the crisis."
Depending on the belief the answers of the German fall on the question of greed and public good is different. an FDP politicians like Guido Westerwelle they answered differently than a politician like Wolfgang Schäuble Union or an SPD-politicians such as Peer Steinbrück, a neo-conservative historian Paul Nolte as different as an economist Hans-Werner Sinn, or a system critic wie Sahra Wagenknecht, neuer Medienstar der Linken. Wer durchs Land reist auf der Suche nach Antworten, findet eine Republik in der Sinnkrise und ein System in der Legitimationskrise.
Sahra Wagenknecht, Europaabgeordnete der Linken, lächelt über all die antikapitalistischen Schlagzeilen der vergangenen Wochen, ein bisschen aus Genugtuung, viel mehr aber, weil sie als Marxistin diesen Wortradikalismus natürlich suspekt finden muss. Sie, 39 Jahre alt, muss sich seit 20 Jahren anhören, wie anachronistisch ihre Kapitalismuskritik sei, wie verbohrt, wie verstiegen; nun hört sie das Echo ihrer Worte in Talkshows, findet es in der „FAZ" und im „Handelsblatt".
She sits on the train from Hamburg to Berlin, by chance two rows in front of Frank-Walter Steinmeier, he moved with an entourage of security guards and officers in the high capacity of the first class, alone in her floor-length black coat, which she makes it look like an aristocrat from a movie about the Russian Revolution.
She returns Steinmeier on his back, his people talk about football. she sips a fruit juice from Mr. Clou, African Queen, and leafs through the magazine., Newsweek, "headline" We arc all socialist now. The hands on the cover look like the folded hands in the party emblem of the SED.
he has before he rose to the train in front of 750 people about the "new century" talked about "a new social design" and the fact that "the window of history opened" did. A Ruling talk to these days as a revolutionary, he has to govern differently;. a revolutionary as Sahra Wagenknecht have to talk like a left-wing banker
She has spoken at their event in front of 150 people on the securitization of mortgages, about. the collapse of capitalism and the nationalization of Deutsche Bank.
Wagenknecht audience is left of all shades, even before the event, they have argued over whether the scrapping was not anti-social, because it penalizes people without cars, and the fact that it was unreasonable. to pay four euros admission, to discuss the greedy capitalism. The questions that they testify to the intensive study of the business sections of newspapers and bourgeois revolutionary impatience. Why now. in the middle of the biggest crisis of capitalism, the masses are not on the streets and flocked to the Left, but the FDP, and they ask Wagenknecht. Because the left except a clever analysis, no proposals has to solve the answer crisis, one in the hall, because the left with reform proposals is staying, instead of overthrowing the system is revolutionary, answer the other, Wagenknecht tried to be specific, "reformist" as a moaning in the hall A millionaire tax. five percent would bring the state 80 billion revenue, but the analysis it is more than the answer. The asset bubble and credit bubble for them the sources. that make up the economic disaster supplies.
The asset bubble, which are those round the world vagabond trillion dollars that are not investing more in the manufacturing industry were, in factories and machinery. because there are less than the returns on financial markets. The global financial assets was in 1980 at 12 trillion and has multiplied to
2007 to 196 trillion. The financial assets are in the past 25 years has increased three times as strong as the world's production, the property claims of the money owners are now four times larger than the annual global economic output.
Since Wagenknecht in Brussels the EU Committee on Economic and Monetary sits. knows they are visible from the world of money, in their economic dissertation deals with mathematical models of saving behavior, even with the high personal debt of Americans. In the work of American economist and Nobel laureate Paul Krugman and Joseph Stiglitz argument it seeks material.
The debate on capitalism in the U.S. is harder and more specific than in Germany, the deeper the crisis, the more accurate the analysis. Krugman, a professor at Princeton University, former adviser to Ronald Reagan and Bill Clinton sees American capitalism now how the world sees Bernie Madoff, only "with respect, even reverence." But now have the U.S. economy as
. Fraud, "found out of a AAA system CCC-capitalism has become, driven by the powerful on Wall Street, which was under President George W. Bush to act uncontrollably But Krugman -. During the presidential campaign, a supporter of Barack Obama - also sees the new administration conceptually closely related to the bankers, and therefore it is also equally trapped by "market mystique". In particular the project. the now nearly worthless securities - the cause of the crisis - to dispose of with the help of the speculators at the expense of taxpayers, show that Obama believe that he could soothe the markets and then return to daily business without the financial system to change.
Joseph Stiglitz, a professor at Columbia University, former chief economist of the World Bank, brought the meeting of the economic elite in Davos with the knowledge that the managers and experts in the disaster to do something responsible, which they previously convinced were: the belief in "self-controlled markets," Stiglitz sees market economies like China have an advantage because they could react centralized and would not solve the problems of private banks, and the German market economy, he praises, because the welfare state the crash cushion the better.. He also criticized the Obama - Plans: "I call American Socialism, you sozialisierst privatisierst the losses and profits. "
Someone like Krugman believes in capitalism, he sees it as a dynamic system that works like a Formula 1 racing car provided, the government turns to the right set screws, if they are regulated with fiscal, monetary and economic policy to market forces. His advisor is John Maynard Keynes, in his writings after the Great Depression by Krugman lessons that he applies to the 21st century. His colleague Robert Shiller, Professor at Yale University, has found in Keynes, explaining to him the extent of this systemic crisis: the "animal spirit" of capitalism, den Herdentrieb in einem System, das auf ganz und gar unmathematischen Wegen nach Geld strebt, unberechenbar, irrational: Die unsichtbare Hand der Märkte sorge nicht für Ordnung und Gemeinwohl, sondern für Krise und Exzesse. Die „animal spirits", sie produzieren im Boom zu viel Vertrauen der Marktteilnehmer und in der Krise zu viel Misstrauen.
Der Kapitalismus als hochkomplizierte Maschine, die nur durch Staatseingriffe richtig funktioniert; der Kapitalismus als irrationale Veranstaltung getriebener Marktakteure; und schließlich der Kapitalismus als System, das nur noch von gigantischen Geldblasen angetrieben wird — das sind die drei wichtigsten Erklärungsansätze amerikanischer Capitalism.
economists are now in demand and are insulted, throws them pretend that you have not announced the financial crisis, one of them wants to know, strangely, how deep it is and yet how long it lasts.
as an economist Hans-Werner Sinn is obviously in great demand, he leads the Munich-based lfo-lnstitut, and when the powerful Chancellor of the Republic's crisis summit asks, he argues, what about Germany. He admired a market radicals like Margaret Thatcher, he has the German talk shows and over again, "less government, more market" hammered, and now stands he in the large atrium of the Munich Sparkasse 500 people and will give the penitent. But he does not turn. No crisis of the market economy realize he can, because the crisis had indeed come from the U.S. on the world from "the land of robber capitalism", which could make the banks what they wanted, the politicians they controlled, not even those poor people Homes promised that they can not afford could. Only a regulatory failure to recognize he could, a failure of government oversight and the politicians, if any, economic failure, especially among homebuilders and less for the investment bankers.
"When we have overcome the financial crisis?" Is the motto of the event, a discussion with five marketing experts, including also the main consultant of the Republic, Roland Berger, not far from the crisis will be overcome, is the answer of meaning, the German economy was only in the spring of 2010 to be where the U.S. economy is now, namely the temporary low point recorded monthly with millions of new unemployed. sense, the institute's business climate among German businessmen, sounds to the listener like a shrill, credible siren. The numbers were so "as they can not be worse," he predicted "the worst Krise der Nachkriegszeit" und schleudert düstere Zahlen in den vor Schrecken stillen Saal. Die Schreckensbilanz von ein paar Monaten:
Geschätzte 50 Milliarden Euro Vermögen haben die deutschen Privathaushalte verloren, circa drei Billionen Euro werden die Banken weltweit abschreiben müssen, ungefähr ein Fünftel der Industrieproduktion in Europa ist weggebrochen, 50 Millionen Jobs sind bis Jahresende verschwunden. Staaten wie Island, Irland, Italien und Griechenland kämpfen mit dem Bankrott. Und das alles, weil sich amerikanische Häuslebauer übernommen haben?
Was Sinn Regulierungsversagen nennt, ist bei genauerem Examination reveals a process of unleashing the political beatification of greed.
Governments have freed the last three decades, the markets of bonds, first in the United States and Great Britain, and later in Germany. They followed the advice of neoliberal economists, the praise of greed: to denationalize the markets, privatize state-owned companies to reduce taxes, and curtail the welfare state.
why many governments encouraged them unleashing that allowed for so long and did nothing until it was too late, is not only of historical interest, but is important for the ability of future Regulation assessed. For meaning the unleashing misunderstood 'neo-liberalism, was "just financial markets need rules, neoliberals are not anarchists, they want a state, the n in place engages.
a decade benefited the billionaires in the world and millions of investors, consumers, homeowners and businesses around the globe, economies such as Germany and China, stock brokers, bankers, managers and politicians. Capitalism appeared in a new era of secure prosperity connect.
Spotlight back after the economy collapsed chain letter is, you look now wonder and awe, gruselnd and strange digital on the extensive network that seems out of themselves, the world has covered programmed with money and credit flows, on greed, over-striking out in millions of deals, while of control.
wonder capitalists loudest about their capitalism, speculator and billionaire George Soros sees lurking a "super bubble" in the system, a dangerous credit expansion, which resulted from market fundamentalism and state action now continues to swell. Without ever-increasing private and public debt, the system lacked sufficient Nachfrage, um zu wachsen. Wenn nun der Staat durch seine Billionenprogramme die erzwungene schrumpfende private Verschuldung ausgleiche, löse er ein Problem, indem er zwei neue produziere, mehr Staatsverschuldung und drohende Inflation.
Beim Löschen eines Feuers, sagt Unternehmensberater Roland Berger im Atrium der Münchner Sparkasse, müsse der Feuerwehrmann aufpassen, dass der Wasser- schaden nicht größer wird als der Feuerschaden, und erntet mit diesem Kalenderspruch stürmischen Beifall. Die Leute wollen von ihm, vorgestellt als einer der fünf großen Unternehmensberater der Welt, Trost und Weitsicht, immerhin sei er im Oktober 2007, sagt er ihnen, schon so far-sighted, was to sell all his shares, he had seen. what may come from the U.S. on the world economy.
The audience, mostly over fifty, would be grateful for reason to hope they keep newspaper articles in his hands, folded, cut out of the business section of the Süddeutsche Zeitung, "they say" bad articles "of Märklin, they say "terrible articles about Rosenthal, they talk about the items, as they have previously talked about articles from the feature pages. It drives the concern around the big picture, but even more for their money.
Most of them act as though they had little to lose, so they bombard Berger and mind as they strive for the discussion and the ham-Leberkässchnittchen, with questions on safe investments. Gold? Sense smiles sympathetically, "that is still no interest." It paves the way to breakfast, head down to the neck. Hyperinflation? Sense teaches impatiently, "if too much supply, there is inflation, if too much demand, there is deflation. " Especially older women are around him, they were before the hairdresser and have concocted her question. He looks down at her amused, tossed two answers, then he subtracts the Geldgroupies.
stay back a few hundred citizens who are holding on beer glasses and share their doubts with care. The doubts about the economic elite, the bankers, managers and experts, can doubt also to the economic order:
If there are not all fraudsters, what no one believes who then protects the little people against the ignorance of the powerful people ?
"A chain of failure", has identified Federal President Horst Köhler, "it includes countries and banks. And accountants, business consulting, rating agencies, investors, . The media "The politicians at the head of states are perpetrators and rescuers while they were accomplices of the failure;. Now they are to control his episodes, you must rise up to the mistakes they themselves made, have overlooked or tolerated ..
The voice of Peer Steinbrück is the voice of the crisis. The Minister of Finance dissected since September last year, almost daily the level of emergency proclaimed state protection and demands to the leaders of the world is fighting, but peace Rambo against the tax havens of the universe. Even that night in Dusseldorf, it is so, he stands behind a podium talks teetering, without a script, looking for in his infinite brain the sentences from the speeches of the last months together, which will be created for the 400 party members at the Capitol Theatre as.
you sit on their padded chairs. sparkle on the ceiling glitter balls, to the brick walls emblazoned with large mirrors. their presence, as in an event of the twenties of the last century, but Steinbrueck they will not return to the world economic crisis, he strives to make them look forward to the decade that will be determined by this. seismographic event is, even 15 years, he believes the company will need to process it.
He formulated so that his listeners do not get lost in the jungle of financial markets, it is a difficult time for politicians, they have to explain complex macroeconomic problems than it would to abuses at the weekly market. "Greedy Manager. That rat race to return," with such language leaflet he wants to suggest that annoy him much, about which he speaks. In head-shaking applause, the indignation of the Social Democrats discharges through the impositions of a system to help them suspiciously for more than 150 years in operation.
Actually could now begin the great age of social democracy, the time is right to oppose the spokesman greed. to profile anarchy, exploitation, injustice and other vices of capitalism, but social democrats are a couple of years too long in government. to be credible as a financial dissidents.
Steinbrück attracts love her to Margaret Thatcher. on experts and bankers. have been wrong. to swim as the social democratic attempts in the neoliberal zeitgeist, but at least he says, "politics has for too long be fascinated" by the returns of financial innovation.
„Die Politik ist bis zu einem gewissen Grad auch ratlos", sagt Steinbrück, das macht ihn glaubwürdig, „keine Blaupause" gebe es. „von keinem politischen Lager". nur das. was von der Politik im Moment gefordert sei.
Die Wirtschaftselite kurzsichtig, gierig, selbstmordgefährdet; die politische Elite unvorbereitet, mitschuldig, ohne Plan — das lässt so manchen Sozialdemokraten düster aufs neue Jahrzehnt und aufs alte System schauen. Ob denn nicht schon unter Schröder „die kriminelle Machenschaft" des Verpackens von Krediten üblich gewesen sei, will einer, seit zwei Jahren in der SPD, von Steinbrück wissen. Warum denn trotz der 500 Billion that the state guarantees to the banks as protection, he got no credit as a vegetable dealer from his bank asks another.
"The banks get life jackets. to remain above water, "so beautifully puts it Steinbrück, if a finance minister has to cough up € 500 billion tax dollars as a guarantee. And then he explains. why everyone in the room has something like this, the saver, the local politicians, pensioners, workers . He does it well, he knows that at the point decides everything hundreds of billions of tax money for those who have gambled himself;. "fly out and a cashier when she sunk 1.30 €," mutters one of the audience. And another Steinbrück asks if you would not have to determine for fraudulent bankruptcy against the managers.
The murmur in the room is large, and at some point the system is Steinbrück question: "Is this really what this system holds society together yet. us or flies apart, the whole "And then he tells of the bankers in which he was." In the lion's den, "and which he said: must, if they do not like, you'll set fire to the car, then look for the common good "And then he adds," let's say it Marxist. Any exaggeration . Is creating its antithesis "
produced the new power of the state, two new threats. If the government billions of tax revenues is acting openly as an ideal collective capitalist, they can lose the consent of citizens and ensure that their creative power and if the state is so high in debt that he has hardly any future financial freedom for political decisions, can what looks now as in the Not Born nationalization of economy, medium term prove to be disempowerment of politics.
The sudden return of the state as omnipotent business leaders is - in order to Steinbrück Marx and talk - the antithesis to the hype of a few decades lust propaganda. That the general prosperity rises best when everyone can undisturbed to pursue his business and the state out of holds, which was the political dogma since the eighties, that was cast in the political doctrine of the dominant economy, the market knows as a whole more than each participant, as each state, therefore, privatization, tax cuts, welfare cuts. restrictive monetary policy, deregulation of the markets. This policy turn was the antithesis of the Keynesian state interventionism in the decades before to chronic economic programs that the state of the markets crisis tried to mitigate. The result: rising national debt, rising inflation. The theory of John Maynard Keynes, formulated in the thirties, was once again the antithesis of the market belief that the world had hunted in 1929 in the Depression.
is government's economic policy over the decades shuttled between more market and more government, now the State of believers of all bearings are suddenly back strong because the state is used as a final creditors. A very large coalition of far left to far into the center of the Union has gathered behind this agreement, only the Free Democrats try to settle, at least in words. They stage as the final arbiter of the market belief that the Federal Republic of view on the way to "DDR light" and want the federal election campaign - to win all those "who still feel the power of freedom in itself" (Westerwelle) - in the sense of freedom instead of socialism " and so a "policy decision" to force.
So clear and loud voice of freedom now sounds, the FDP was a long time in which to place the financial crisis in their world view. At first it seemed as if the collapsing banks buried the bravest interpreters of the markets to themselves. In the first parliamentary debate after the crisis broke Guido Westerwelle seemed disoriented and tried to make the lack of German banking supervision to the main problem of the crisis. That's about as if you have a bank robbery, the police blamed the relevant district. Then there were "a couple of gamblers," the debt and the market economy had abused, finally, the crisis on the "random casino capitalism" of the United States pushed.
But this view of the world ignores the fact that the market economy, since it exists, by market forces to the Great strives to turn off the weaker ones, to even more sales, more sales, more profit. Those who see capitalism as a system that is a good idea of Greedy is unfortunately abused, which is about as quixotic as a Marxist who believed socialism was a good idea, which was unfortunately abused by Lenin, Stalin and Fidel Castro.
who believes in the market economy, and who does not, the need to grapple now with two new objections:
The basic idea of risk and greed and reward - in the failure - to punish , operates from a certain size to no more billions, because the damage is systemic and is taken over by the state.
Plus, the system could survive only because something happened, which introduced the system of private profit-seeking on the head: a global state intervention in the order of a world socialist revolution, with the budget of U.S. nuclear arms since the Second World War.
jokes about such objections away Wester while when he speaks at the reception of the SME sector in Leipzig, one feels no loud thinking about the biggest crisis of legitimacy of our economic system. He looks like a hand-made paper speaker who would draw the medium-sized companies a great evening, with small stories about his visit in Shanghai and one flight a Mann, der aus Indien nach Deutschland zurück- kehrt. Und er wirkt wie einer, der unbehelligt durchkommen möchte auf dem Weg ins Ministeramt.
Eine Rolle mag auch spielen, dass die FDP nach der Bundestagswahl mit der CDU zusammen die Marktwirtschaft gegen den Ansturm der Verstaatlicher verteidigen möchte. Allerdings sieht Westerwelle einen Teil der Union weich werden gegenüber den Marktkritikern in der SPD; nur auf den CDU - nahen Wirtschaftsrat ist noch Verlass. Der Wirtschaftsrat bittet schon jetzt, Monate vor der Wahl, zum gemeinsamen Symposium von Christdemokratie und Liberalen über das, was die Mitte der Gesellschaft tun kann zur Stärkung des bürgerlichen Lagers.
Guido Westerwelle has come along with party colleagues in the Berlin state of North Rhine-Westphalia, he explained in the atrium of the 300 entrepreneurs, why tax havens are not the problem, but the desert around it. A "lower, simpler and fairer tax system" that was the best stimulus program. - This mantra to sing the Liberals not only that night
When Wolfgang Schäuble something of a contradiction, withstands any sense in the room, what these Financial crisis has with government. The Home Secretary sampled from the financial crisis in the bottom of the crisis, speaks of experience, "the ich mir nie hätte vorstellen können", von „fürchterlichen Verwerfungen", spricht zu den Leuten wie zu Angehörigen, denen man das ganze Leid eines Kranken gar nicht zumuten kann.
Aufgabe der Politik sei es nun, den Weg aus der Krise zu finden, „der für alle Schichten akzeptabel ist", das unterscheide eine Volkspartei wie die CDU von „einer Klientelpartei wie der FDP". Und bei der SPD habe er das Gefühl, „die freuen sich an der Krise, die können sich nun richtig austoben, vom Konsumgutschein bis zur Rentensteuer"
Wie kann man „die Akzeptanz der Leute" behalten, das ist das, was Schäuble really moving, how can you prevent that "tear off the thread" that people feel they are paying for those happy few, '"and therefore that company was fundamentally unfair. "Above all, those happy few 'must understand that," after sending Schäuble.
But all these discussions about "greed", they do not deal in truth the basic idea of this system? When does profit motive in order to greed? At 6, 14 or 18 percent return? If power is to pay off, from what height will the wage immoral? And who determines that the Economic Council of Economic Advisors, the Federal Government, the Pope, the talk shows?
"A target return of 25 percent," was "a scandal", criticized the vice chairman of the SPD parliamentary faction, Joachim Poss, the latest quarterly results for Deutsche Bank.
But returns of 30 percent are in front of German industrial enterprises, on average, companies in all industries 1994-2007 about 32 percent Eigenkapitairendite have achieved pre-tax, pioneers such as Bill Gates, Steve Jobs and others have with their companies dream a profit - all scandals? Scandalous system?
One can in this system about the social redistribute wealth, but you can not limit the market economy in the pursuit of income, and if you try, as the SPD just tried populist, you lose yourself in detail.
from "immoral high executive pay," says Steinbrueck and of "immoral low wages," but who defines morality? A socially-minded entrepreneurs like the coffee-Boss Andreas Jacobs is all 'salaries into question. beyond what a person needs to live ", which sounds almost communist. Does he get to the executives of such a salary policy that he needs for his company? Ackermann, a hate all Gierologen defended, high bonus payments to the argument. "We employ some of the best in the world" and he praised its ambitious profit targets, arguing with him there were no false nonchalance, "to come along just to all". Somewhere between Jacobs and Ackerman the right level of economic activity lies in the social market economy.
The basic problem of this crisis and this system is not greed, not human error, the basic problem is not the stray trillion, the greedy owners think of it as capitalism in the 20th Century to put in job-creating factories. There is a lack of creativity and profitability, deshalb fließt das Geld in den Kanälen der Finanzmärkte um die Welt. Auch wenn es den Regierenden gelingen sollte — was zu bezweifeln ist —‚ die Finanzmärkte transparenter und regulierter zu gestalten, bleibt diese Urgewalt des herumirrenden Geldes. „Die Innovationskraft der Finanzmärkte ruiniert die Märkte", so sagt es Schäuble.
Dieses manisch-depressive System hat in immer kürzeren Abständen gekriselt, bis es jetzt fast kollabiert ist. 1994 Mexiko, dann Südostasien, 1998 LTCM, der größte Hedgefonds der Welt, dann Absturz der New Economy, die Pleite von Enron, ab 2007 Subprime-Krise in den USA, dann der Kollaps — trotz Warnungen Economists and politicians made the speculative power become major crises.
put the economic crisis, "our social cohesion to a crucial test," says the Economic Council, and the Union will be driven apart by the crisis. The market radicals of the Economic Council to see other causes and consequences than the conservative values or the social-reform forces in the Union. Some feel caught in the neoliberal storm and stress, the others confirmed in the pursuit of greater social justice. A trained observer of the bourgeois camp as Paul Nolte, a historian at the Free University of Berlin and member of the Council for Innovation und Wachstum der Bundeskanzlerin, sieht den alten Streit „zwischen christlichem Impuls und liberalen Gedanken" aufbrechen und erinnert daran, dass „der Konservatismus" auch mal antikapitalistisch begonnen hat". Eine gesellschaftlich-ideologische Aufarbeitung finde in der Union noch nicht statt, aber es sei festzustellen, dass sich der „Zyklus des Marktradikalismus erschöpft" habe.
Nolte sitzt in seinem Büro im Institut für Zeitgeschichte, er beschreibt sich selbst
als neokonservativ, ihn beschäftigt die Krise der Ökonomie, die er auch als Krise der Werte sieht, aber sie besorgt ihn nicht so, dass er um den Kapitalismus fears. His research focuses on the recent political and social history, this semester, he lectured on "Three German revolutions, 1848, 1918 and 1989. From a revolutionary situation in 2009 is nothing to remember, but perhaps from a small Konterrevolutiönchen against the zeitgeist. Nolte is with his book "Generation Reform" to the leaders of the new civil society that demands more responsibility from the individual and less confidence in the welfare state, and this thinking it is now more difficult. If bankers can count, managers and billionaires in the country, why can not Florida - Rolf and his friends?
meet the financial crisis, the German company in a bad moment in a process of change for the better, says Nolte, who will now overshadowed by doubts about the fairness of the social order. Doubts about the market economy, especially in the east of the Republic are traditionally common among Germans, then would lose "the companies and managers so their role model, that is not recoverable." The fact that most of the speculator stand in the pillory, attest to the ignorance capitalist economic activity, including "the production of goods is a game with the future and lives of the speculation for profit". The distinction between good and evil capitalists is an ideological Concession in the crisis, "it would be good if there were more people, especially in the FDP, explain to the people".
Capitalism has reached a stage of development, has become in the money goods as means of payment is:.. with foreign currency debt to trade credit is more profitable than industrial products, and find just the reprehensible, who believed that the sense of the market economy is the optimal care of people with jobs and food, the sense is the multiplication of money, so are the capitalist people working and producing goods.
Since "the distance between the social, the top ' and 'below' is grown in a way, "as one would not imagine 20 years ago could be, so Nolte, the criticism of this kind of economic activity and its consequences have become louder. 91 percent of Germans, 85 percent of the French and 75 percent of Americans complain that the gap between rich and poor by global capitalism increasing.
SAP founder Hasso Plattner has noted that "there is such a mood in the country that we do not really capitalism want more, but something else, nice, "58 percent of Germans are satisfied with the market economy, but at least 28 percent hold the socialism of a test for value.
Was auf solchen Gipfeltreffen wie in London und nun in den Ausführungsmeetings der Regierungsbürokraten passiert, ist die mühsame Verständigung darüber, wie der Kapitalismus im 21. Jahrhundert gestaltet werden kann. Die Politiker einiger Staaten haben die eigentliche Schwäche der Ökonomie genutzt, um dem „Monster" etwas engere Grenzen zu setzen, sie haben ihre Politik des vergangenen Jahrzehnts korrigiert, sie haben einen Katalog von Absichten formuliert, der — national umgesetzt — das Wirken von Banken, Hedgefonds und Steueroasen transparenter macht. Die zwei Hauptprobleme der Krise wollten oder konnten sie nicht lösen: Wie sollen die — auf vier Billionen Dollar geschätzten - Toxic assets will be managed out of the world? How to prevent that the finance-driven capitalism repeatedly by speculative bubbles, the global economy plunges into crisis?
time he rages out in the New Economy, as the beginning of the 21st Century, sometimes in the derivative markets, sometimes in the commodity markets, sometimes on the stock exchange views on the American mortgage market, always in search of returns that are higher than those that can be achieved with the production of cars, refrigerators and televisions.
are using more and more financial products to large banks in the world, the stray Trillion, and they served it doubled over the decade has tripled, quadrupled. Given the billions came from the privatization of pension systems and the billions the millions of small shareholders - a potentiating the money supply forced the unleashing of the financial markets.
crashed in the U.S., the hot money in a strange, initially highly profitable form of investment: securitized debt, the mortgage payment low home owners, bundled by banks to securities and credit rating agencies had highly rated, supposedly risk-free papers made .
And the owner used the Houses in order to obtain new loans for cars, furniture and daily use, the private debt increased on average to 125 percent, which means that every family with an annual income of $ 40,000, had debt of $ 50,000.
The American economic growth in recent years, an average of three percent, was carried to a large part of this indebtedness of consumers. The average wages fell, consumer spending increased, financed by millions of small Keynes, who did as they were the finance minister of their own state.
Periodic Growth crisis of the system has been put off and off a brake to growth: the limited demand by the social wage bill.
Lange went well, capitalism, s most inventive economic system in history, seemed a way to have found out the great dilemma of the system, namely, to make credit only increase when it is in a production process lies, of goods produces, for which you need a profitable demand. Those who have money - the banks - in the financing of consumer loans connected, saves the trouble of investing in factories. To require
, die Regierenden der Welt könnten den finanzgetriebenen Weltkapitalismus zwingen, ins vorletzte Jahrzehnt zurückzukehren, ist Unsinn. Die vagabundierenden Billionen sind in der Welt, sie suchen nach Rendite, und wie ernsthaft die Regierenden sie daran hindern werden - wie bisher hochspekulativ und mit großen Kredithebeln ihr Geld zu mehren dabei „die gesamte Wirtschaft aufs Spiel" zu setzen (Obama), das wird sich in den kommenden Monaten zeigen, wenn die Regulierungsillusion der letzten Wochen von den Urkräften der globalen Krise zerstört wird.
Die G-20-Regierenden sind gezwungen, die Krise gemeinsam zu bewältigen, aber gleichzeitig ringen sie um Standortvorteile auf den Finanzmärkten: They are united in the fight against tax havens on small islands and small states, but also all agree to ignore the tax tables in the U.S., UK and China. They are economic rivals, they compete for influence and power in the IMF and the OECD, and they compete against each other with different social systems.
mainly three models of capitalism argue with each other, the Anglo-American, Asian, European.
The Anglo-American capitalism is on the defensive at the moment, there is clearly a source of the crisis. The deregulatory state that the financial markets itself leaves no model is more, Federal President Köhler sees Obama with his reforms at a German way.
"the European path," also recommends economist Krugman's president, a welfare state that engages more in the economy, a state that makes itself free from the dominating influence of Wall Street. "The political system does not understand how much the financial crisis undermines all, stands for what this country. "
At the London summit conference tried the Chinese leader Hu Jintao to take advantage of American weakness to be against "shadow banks" and very close hedge fund and more regulation. His authoritarian Staatskapitalisrnus defies the crisis better, the Chinese economy continues to grow at seven percent, investment increased in March from the previous year by 30 percent, industrial production by 8 percent of retail sales by 15 percent - it seems as if the recovery plan 440 billion € works faster than the government aid in western democracies. Most Chinese banks are state controlled, state-owned enterprises and many private companies are not dependent on the stock exchanges, the Chinese currency is not freely convertible, the savings rate of China is 50 percent - all the are in crisis systemic benefits. In addition foreign exchange reserves are about 2 trillion, 700 billion U.S. dollars of it in American government bonds, this is the greatest treasure of all foreign countries. The great empire of greed China, what else are too greedy bankers, corrupt officials there is - to be hanged, however, if they appear to be too greedy.
"blind pursuit of profit" and "the unsustainable model of the West" had had its day, it booming out across China to the West. The economic success of China impressed in the crisis countries and poorer countries even more authoritarian than that of a "Beijing consensus" is in the Chinese media have already spoken, which have the discredited "Washington consensus" replaced that had influenced decades of neoliberal economic policies of Western governments. The state as a collective capitalist, who rules now, not only in pseudo-socialist countries like Vietnam, the deflected in Russia, Dubai, Singapore and Venezuela, the economy. This could not be one of the long-term consequences of this crisis are the strengthening of socialist hopes, but authoritarian forms of capitalism.
In Western democracies, the way out of the crisis in the political markets negotiated in Parliament, parties, trade unions, business associations, in den Medien. In Deutschland hat sich in der Krise gesellschaftlich zunächst eine ganz große Koalition gebildet, die von den Regierungsparteien über die Unternehmerverbände, die Gewerkschaften bis zu den Kirchen reicht: Der angloamerikanische Kapitalismus ist das Schreckgespenst.
Das Gegenmodell ist so etwas wie ein staatssolidarischer Kapitalismus, mit einem
Staat, der die Finanzmärkte regelt und für sozialen Ausgleich sorgt, der Profite und Gehälter begrenzt und Mindestlöhne sichert, ein Staat, der nicht nur Marktregeln definiert, sondern neuerdings auch Marktmoral. Galt bisher für die Wirtschaftspolitik deutscher Government to allow the economy to not govern, and all that creates work was socially, the parties and the public are now in the process, the social market economy back to renegotiate. Entrepreneurs, managers, bankers are currently on the defensive, unions, churches and moralists in the offensive.
The "social market economy" is the ideological rescue, among the have all fled: some understand by the maximum transfer of funds from the public sector of the economy in the private and the other the greatest transfer of funds from the private to the public. by all parties is this dissent, it is a struggle about how to fill the same concept with opposing sense.
Thus, the political market is important - his proposals and decisions have to prove themselves on the economic markets. Whether European social capitalism, Anglo-American capitalism, or Asian state capitalism: does
Global capitalism growth and yield, and are the greatest opportunities for growth and returns, it is believed a global alliance of capitalist reforms in ecology. The green capitalism is not only morally correct, there are the markets of the future, as are Obama, Merkel, Sarkozy, critics like Krugman and others agree. Not only to economic limitations encountered by the world capitalist system, including its natural limits in the truest sense of the word. Climate change and the finiteness of oil reserves, forcing him to renew, all crying out for a system change.
The basic problem of capitalism: there is in truth and in fact any other system. "We are all socialist" we are of course not, we are all capitalistic, we are all creditors, the final number.
The recognition of this crisis is systemic not that the market systematically leads to crises, which was known before, the conclusion is that the ideological cover of a market economy has been destroyed, probably forever. Stands naked as the market economy, sees the danger of social depression, when many German dissatisfaction arrange, but inactive with an alternative-free system, in a "post-socialist world" was the revolutionary outbreak - in contrast to 1929
- not to imagine. "The SPD is the crisis more likely shifted to the right. says the historian, "the free market determine the policy pragmatists, by Andrea Nahles can not hear anything," the distance to the left would rather larger, even though the SPD in the election program now sounds like something left. As a mobile repair unit adopt the SPD, their top people like astronauts floating through the cosmos of the financial markets, find the leaks that are close to financial market rules and tape. The question arose for a system like Steinbrück only because not "any spinner from the left and right" compromise the system, "but it is the representative of the social market economy itself."
The spinners from the left have been surprised by the financial crisis and the new political opportunities. Through the EU Committee on Economic and Monetary Affairs. sits in the Sahra Wagenknecht, it was clear that the financial markets powerful trouble was brewing, but a cold frame, the laughing-stock company delivered "like pigs at the trough", investors acted on the market, now describes an old speculator like George Soros, the steering force of the market, it has become clear to him was "that financial markets always wrong."
If the leaders of the world speak so intense of "confidence", which was important to overcome the crisis, they mean the confidence of consumers to spend money again, they mean but also the confidence of citizens in the social order. Most of all they want to hide the ugly scaffolding quickly. For voters, the undisguised view to recommend the habit because the crisis is the usual form of movement this system is that it is a risky society and that anyone can quickly lose out, no, not everyone.
The unbridled capitalism is certainly a risk for the cohesion of society, the social historian Nolte sees the danger of social depression, when many German dissatisfaction arrange, but inactive with an alternative wireless system in a "post-socialist world" is revolutionary Outbreak - in contrast to 1929 - is unimaginable.
The spinners from the left have been surprised by the financial crisis and the new political opportunities. Through the EU Economic and Monetary Affairs Committee. sits in the Sahra Wagenknecht, it was clear that the powerful financial trouble was brewing, but the collapsing effects it does not advance him. "A coherent counter-concept to capitalism, there is not," she says on the train from Hamburg to Berlin, the Chancellor Candidate Steinmeier in the back, referring to any alternative to capitalism that socialism is, "but this is not what has already failed," . Nationalization the banking sector, clearly, as it has prepared the capitalism's all right, "we have time to discuss ways to nationalized Commerzbank and German bank, but they were sandbox discussions, now clear to everyone".
nationalization of key industries, it should go then, "but then no government bureaucracy as economies in East Germany, but managers who can bring about other incentives than the short-term profit to be for the benefit of all."
She looks out into the dark night. the vorbeihuscht the window, and talks about the course of world history, all previous revolutions prevail in countries left that had not yet economically ready for socialism, and therefore the lack failed. It should sound scientific, but for the most skeptical voters capitalism it will again sound as if socialism is a social order can only distribute the wealth rather than creating.
The word 'revolution' comes Sahra Wagenknecht not on the lips, and previously in the event, she prefers to speak of "change", "transformation", "society break" because people "think otherwise at barricades and machine guns. " Should of course take place peacefully and strictly parliamentary, the revolution.
After all she has in the event spoken of it, you must "hertreiben the rulers before him." A BOY, trained in revolutionary theory, said a revolution is possible when those at the top no longer so and the down there not so do as before, but unfortunately currently there was only so that the above not as able as ever.
do Why is down there so little to be rebellious, that all major anti-capitalist manifestations of recent weeks have been ritualized parades the usual suspects, should not be up there as a sign of confidence . Misunderstand In some surveys, the agreement disappears with capitalism, but there are - at least in Germany - votes of helplessness instead of rebellion.
Capitalism critics are missing the addressee and the alternative. They also have to deal with something that also Steinbrück, Schäuble. Makes sense and Westerwelle dialog to do with the people, democracy thrives on opinion, but what if many think no longer form because the world of money has long since become too complicated to understand them?
on Steinmeier's election kick-off show in Berlin Tempodrom Steinbrueck said, in den vergangenen Wochen habe man auf SPD-Veranstaltungen oft Erklärungen geben müssen „für etwas, was man nicht erklären kann". Genau das wird den Wahlkampf der nächsten Monate bestimmen: Welche Antworten finden die Parteien auf die Fragen, die die Systemkrise des Kapitalismus stellt? Die Antworten, die Steinbrück am Sonntagnachmittag fand und die die SPD in ihrem Wahlprogramm findet, lassen befürchten, dass die Parteien sich einen Wettbewerb um die populärsten Antworten statt um politische Lösungen liefern werden. Steuerzahlerboni, Reichensteuer und Börsenumsatzsteuer sind symbolische Politikderivate, die nur in Hallen etwas bewirken.
Die Krise bewältigen win elections and by the way, this is the common conflict between the Union and Social Democrats, they need to govern the day and evening practice in the halls of the Republic of shadow boxing. The uneasy electorate is so admired in the coming months the system test, as crisis-proof democracy. The crisis, by all parties alike can be summoned, to no apparent answers, they dictated the programs: According to the financial markets and the real economy it will affect the national budget, unemployment insurance, long term care insurance. the pension insurance must apply to the tax losses of the recession Governing answers, who promises tax cuts during the election campaign, is it in the office again einkassieren müssen.
Von einem „Neustart der sozialen Marktwirtschaft" sprach Steinmeier im Berliner Tempodrom, auch Kanzlerin Merkel möchte die soziale Marktwirtschaft „erneuern"; ob sie das wirklich wollen, was sie darunter verstehen und wie sie Gier und Gemeinwohl ausbalancieren, das wird darüber bestimmen, wie das Land nach der Krise aussieht. Wer immer mit wem von Oktober an regiert, er wird eine kaputte Republik regieren: fünf Millionen Arbeitslose, Rekordschulden, Sozialabbau. Das Land ist dann da, wo es 2002 war. Krisenzeiten, das hat Altkanzler Gerhard Schröder beiden Rivalen vom Geburtstagstisch aus zugerufen, haben einen großen Vorteil, er habe das experienced at that time after the election in 2002 with the German record debt and Agenda 2010, people recognize that "it can not go on," and engage in change.
