Freihandelsdoktrin und ökonomischer Niedergang

Die tiefere Ursache für den gegenwärtig drohenden Zerfall Europas sehe ich in der von Deutschland forcierten Freihandelspolitik (siehe der „hässliche Deutsche“). Ich bin mir bewusst, dass diese Auffassung allem widerspricht, was in den Lehrbüchern über die segensreichen Wirkungen eines solchen Handels zu finden ist. Freihandelsdoktrin und ökonomischer Niedergang weiterlesen

Economic decline and the doctrine of free trade

In my opinion the underlying reason for the impending disintegration of Europe is free trade policy as pushed by Germany (see my essay the „The ugly German – a specter is coming back“). I am, of course, aware that this view is diametrically opposed to accepted wisdom as to be found in economic textbooks. Therefore, I would like to emphasize at the outset that I do not consider those textbooks to be wrong – their theory is, indeed, hard to refute and at first glance it seems to be morally sound as well. In my new book, „From Crisis to Chaos“, I even speak of „neoliberal idealists“ – a wording which may sound rather queer to some ears (1). But if they are honest, neoliberals certainly strive for the best. Unfortunately, despite of all their endeavors, they always achieve the worst, and for this there is a very simple and basic reason: Their theory and the world we happen to live in, do not share much of a common ground. Economic decline and the doctrine of free trade weiterlesen