3 October 2019 | Germany has slipped from 3rd to 7th place of the most competitive countries in the world. This emerged from the Global Competitiveness Index of the World Economic Forum (WEF) 2019. In theory, according to the forum, a good ranking means high long-term growth potential. In reality, it measures something quite different – something that is closely related to the interests of this powerful lobby of the largest multinationals.
Continue reading “Competitiveness as Defined by Billionaires and Multinationals”
What the German government must do now to turn around an unsustainable economy
Germany’s economic output contracted in the second quarter and most indications point to a worsening in the third quarter, which is just halfway through. The culprit is only superficially Donald Trump with his trade wars. The German economy has been on an unsustainable path in several respects. Now the government is called upon to act courageously and intelligently to ensure that a deep restructuring crisis is avoided.
Continue reading “What the German government must do now to turn around an unsustainable economy”
The World Economic Forum is slowly taking over the UN
7 July 2019 | The World Economic Forum (WEF) and the United Nations (UN) have signed a Memorandum of Understanding to intensify their cooperation. The UN seems embarrassed – for good reason. It is another step in its self-disempowerment of the UN and another milestone for the club of multinationals on the way to its declared goal – world domination. Sounds exagerated? Read for yourself what the World Economic Forum is writing on the subject.
Continue reading “The World Economic Forum is slowly taking over the UN”
European Court of Justice to decide if public institutions have a right to refuse cash
On 27 March, the highest administrative court in Germany, the Bundesverwaltungsgericht, has referred my case to the European Court of Justice (ECJ) in Luxembourg. I have insisted to pay my legally required contributions to public radio and TV with the legal tender, euro cash. This is not possible according to their regulations. The Bundesverwaltungsgericht has ruled that there is indeed a requirement for all public institutions to accept cash based on §14 of the Bundesbank Act, which makes euro-banknotes legal tender. However, they will ask the ECJ to clarify, if this law is in agreement with higher ranking European law.
Continue reading “European Court of Justice to decide if public institutions have a right to refuse cash”
“Brave new Money” goes to Vietnam
My book “Schönes neues Geld” (Brave new Money: PayPal, WeChat, Amazon Go – A Totalitarian World Currency in the Making) has found a Vietnamese publisher. Korean and Chinese versions are scheduled to be published this year. An English language summary of the book is here.
How monetary union is sacrificed on the altar of competitiveness
European Economic & Monetary Union (EMU) is in permanent crisis. The economic strengths of the participating nations are drifting apart instead of converging. This creates great frustration among the governments of countries being left behind and fierce disputes between them and Brussels and governments of core countries.
Continue reading “How monetary union is sacrificed on the altar of competitiveness”
The Break-up of IZA: A Story of David and Goliath
All too often the power of money seems insurmountable. This is a story that shows that courage, tenacity and solidarity can do a lot. In this case, a powerful, extremely well connected academic and his institute, lavishly financed by Germany’s largest employer, fell because they wanted to silence a critic who fought back.
Continue reading “The Break-up of IZA: A Story of David and Goliath”