Peter Michael Lingens – Why this juggling with facts?

To prevent any misunderstandings: I admire the former editor-in-chief of Austria’s “Profil” and current contributor to “Der Falter” for the lucidity of his style, his straightforwardness, his political intuition and, yes, for his sense of justice. Moreover, I hope not being inclined to quarrel over each dot on top of an ideological “i” to the point of utter disagreement – a tendency so widespread among left-wing thinkers. Continue reading Peter Michael Lingens – Why this juggling with facts?

Europe – Island of Pacifism?

This question is no longer discussed only behind closed doors. CDU politician and former environment minister Norbert Röttgen made the following statement in an interview with Der Spiegel: 

SPIEGEL: You write in your book that for Europe it is a matter of “to be or not to be.” A bit pathetic, isn’t it? Röttgen: No, it’s the naked truth. We have outsourced energy to Russia, the growth markets to China, security comes from the USA. At the same time, climate change and migration pose enormous challenges. Now we’re adding war to the mix. What is at stake is safeguarding our European way of life. If we do not defend it, it will not survive (Der Spiegel 21/2022).

Continue reading Europe – Island of Pacifism?

Adam Tooze – An experts’s review of ten years of global economic crisis

Recently (on 14 August) I had the good fortune to follow an interview with the British historian Adam Tooze on Austrian Radio. I was so impressed that I immediately took to reading his book “Crashed. How a Decade of Financial Crises Changed the World” (Allen Lane 2018) ) – and so an important work finally reached me with a two-year delay. These are my comments:

Continue reading Adam Tooze – An experts’s review of ten years of global economic crisis

The Curse of Globalization

I am living in Puch near Weiz, a small village in Styria. Some tourists who spend their holidays here will describe the place as dreamy, although local people are by no means idle dreamers, but hard-working men and women. Continue reading The Curse of Globalization

Transatlantic pundits

During the twenties of the last century Irving Fisher was an acclaimed economist, comparable only to Paul Samuelson or Joseph Stiglitz in our time. Like virtually all economists of international repute, he tended to be wrong – indeed fundamentally so. As late as October 1929, he reassured investors with his prophecy that their money would be perfectly secure in Wall Street. A few days later the world was horrified by Black Friday. (1) Continue reading Transatlantic pundits