Klokare tankar än Rothsteins

Häromdagen retade statsvetarprofessorn Bo Rothstein alla marknadsfundamentalister med sin debattartikel i SvD betitlad Nyliberalerna tysta så det dånar. Han driver där tesen att avsaknaden av en nordisk välfärdsmodell är en viktig orsak till den pågående amerikanska finanskrisen. Själv är jag väl inte så övertygad om det, även om det säkert är så att att en sådan välfärdsmodell skulle ha kunnat bidra stabiliserande på marginalen.

En klokare synpunkt än Rothsteins på den pågående krisen som jag just läste är Hazel Hendersons artikel Chicago Boy’s Curse Comes Home To Wall Street. Dess avslutande slutsats lyder:

The multi-trillion dollar “losses” on Wall Street are simply cancelling out their illusory “gains”. No amount of federal bailing and money printing can fill the black hole of unrealistic expectations created by faulty economics. Wall Street became a parasite on the real economy of Main Street and has spread its contagion around the world. The lesson is that financial markets must shrink; the non-bank investment firms’ business model is broken. (…)

The task now is to manage the downsizing of Wall Street and the global financial casino and redesign regulatory systems and markets to restore their useful but limited role in facilitating the production of useful, ecologically-benign goods and services in the growing green economies of the Solar Age. The truth is now in plain sight: there was no invisible hand! Markets and money are both shaped by legislation, central bankers, tax policies, subsidies, lobbying special interests and cronyism. Economics has always been politics in disguise. Money was confused with real wealth: educated healthy citizens and the basic productive eco-systems of our planet.

SvD
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Andra bloggare om finanskris, banker, systemkris, kapitalism, depression, recession, ekonomi, hållbar utveckling, välfärdsstat, USA, nyliberalism