#kapitalisme Take the organization of the financial sector. Most of the money flows back to the financial sector, in other words, back in the form of financial services, such as insurance and real estate. The English acronym for that is FIRE. Our industrial sector is increasingly reinvesting profits in research and development, in training workers and in production capacity. They only look at the price of shares. For example, they often buy back their own shares in order to increase the prices of shares and options, and therefore the payments to the management.

The government and politics have been convinced by 30 years of ideological thinking that the only thing you can do is wait for a crisis to come, and then clean things up. Among economists, we call it “repairing the errors in the market.” So you have to wait for the market to ruin something first. Whether that is a financial crisis, or insufficient investment in research, or in the prevention of environmental pollution. You have to wait. Restore, enable, eliminate risks. Powerless and boring. All the words for government policy are boring. Even the Central Banks, which saved capitalism, are called “lender in last instance”. You fall asleep when you consider what the government does.

Rebel in suit
According to Joseph Stiglitz, the majority of neoliberal economists are no longer a scientist but a believer in a disruptive economic system. Fortunately, there are more and more opposing noises.

The capitalist system is broken