What distinguishes a state from a shoe store?
In the first part of my collection of thoughts, the question should arise for whatever reason, the people for the liabilities of financial jugglers and whether it would not make sense to renounce apparently out of business, led more companies to support Staatgldern.
On Saturday 21/2/2009 is in the online edition of the FAZ:
other hand, said his party colleague Rüttgers the "Welt am Sonntag newspaper:" We are experiencing a systemic crisis, in which the state must also perceive from regulatory considerations, his responsibility, " the CDU politician quoted as saying. Not every company can receive government aid, but it was true that "we maintain our industrial core.
The man speaks it out to describe the problem without more detail.
We are experiencing a "systemic crisis", but what system will party well my friend Rüttgers?
In my arrogance I allow to "systemic crisis" denote the casino capitalism. The task of the state so it is "also" to take order.
Oops, you have failed before the words about?
And what should the state out of order to answer everything yet?
Anyway, why did the states and their REPRESENATIVES so afraid that ruined banks and other companies make just broke?
And why can not please come every company to benefit from state planning policy?
I would still zugern a few billion to destroy the state's expense ...
aimed in my interpretation, the regulatory measures aim at the abrupt system shutdown avoided because they go 'Big player' How in the Anglo-Saxon world without ambiguity, says, immediately broke, nothing works and that thoroughly!
Banks remain closed, the ATM spits out no more bills from the credit card is blocked.
That means immediate system shutdown.
No money, no capitalism, no shopping and no fun. Therefore, almost all focus
panic Hilfsmaßmahmen specifically also to the companies that are large enough to provoke an immediate collapse.
"to big to fail"
In Argentina in 2001 occurred exactly the way this collapse:
The accounts were blocked, people vented their anger Air, supermarkets were looted, presidents rotated on a weekly basis, the streets were trembling before the crowd, for a moment it seemed as if the people have taken over directing.
So there better support for the banks?
Let us examine this key issue gradually, as it relates to the building society as a whole.
Small digression: Opel (unconventional)
The prime minister candidate of the Left Party in Thuringia, Bodo Ramelow said in Germany in a radio interview, he would win the election ready, together with the Hessian Prime Minister Roland Koch (CDU), the German To buy Opel-General Motors plants. FAZ, 21.02.2009
the skin out of the cask, but the ground has not we been indoctrinated that the state is inefficient and that it is necessary therefore to privatize state enterprises and on the stock market? The private sector with its need for rationalization (ie dismissal of workers to generate more profit per worker) is a beserer administrator, apparently.
The rescue package for Opel amounts to, with its 10,000 workers, 5 billion euros, or 500,000 euros per worker. Then they send these people to work, so they produce cars that apparently no one buys!
you can because the money does not just give away?
And so it goes So if jobs are at stake is no price too high. Why only these to work? It is one of the great contradictions with which one must live in advanced capitalist systems. More below.
Certainly one can look forward to continue insisting that postal, telecom and a few other firms but again nationalized.
Who will ultimately benefit them most?
the people?
The social foundation
MONEY
money, OHG apply - payment, compensation is an intermediate medium of exchange that is different from other means of exchange in that it does not directly can be satisfied the needs of a trading partner, but employed on the basis of universal recognition to further exchange. Wikipedia
As you can see from this rather restricted description, money is a bargain. As it has in itself no collateral value, its value comes in a rather strange way of general acceptance as a medium of exchange.
money could be, for example, a voucher for a pair of shoes, which you exchange for something else, because you need at the moment no shoes. Finding someone who accepts the exchange, circulated this coupon and the more general it is accepted, the better its overall Tauschunktion, yes it can even serve to his to pay for electricity. If there is any reason to do that in exchange the voucher is not accepted, it loses its function. This can happen suddenly or gradually. For example, there rumors that some no longer accept the coupon on, it was said schools Affected by House put in trouble .... An exchange the voucher for goods is unlikely. Is the training home of the bankrupt voucher is suddenly worthless.
What distinguishes a state from a shoe store?
Today's money system is far less simple, but it has to organize itself from its original function swaps become the de facto sole global super-structure. All States organize themselves through the money market, whether they call themselves capitalist, democratic or communist.
play in the money market banks, of course, an important role, which is why it is so important for the system to keep them alive. You come to the banks around, not everyone pay, any salary lands first on a bank account, every ticket, every phone bill runs about an account, unthinkable a life without a bank.
In contrast to the shoe store, states may, at least in the industrially most print money without any value. Or rather, the voucher is contrary to any real value, but the future potential tax revenue, to be squandered, so to speak in advance.
a dollar equivalent balances always a dollar debt
Suppose, however, the now 1.7 trillion dollars swollen emergency plan of the U.S. government, so one can not avoid the possibility of subsequent recovery to be allowed to seriously doubt. The number is now twice as large as the In the latter part raised 800 billion. (And I like to lean so far out of the window and say there are many more) are
Again to illustrate: When 2000 U dollars in monthly income over 1 million people 40 years alone to work to earn that amount. Happen every year 4% interest is the apparently hopeless situation. At some point we will then have to come to realize that the distributed coupons are nothing but false promises. Then there are two options: implosion, depression, system downtime, or inflation.
In both cases, it comes to serious social instability, but the consequences of inflation beiweitem less abrupt. At the moment, it tries first the flow of money to maintain. It is indeed primarily a problem of trust.
The question now is who does the U.S. debt and who claims to have bought this debt, and why?
More about that in part three.
