http://www.miraclesmagicinc.com Short stories of human inventions Fri, 14 Oct 2011 01:15:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.miraclesmagicinc.com/economic/sacrificing-to-the-minotaur.html http://www.miraclesmagicinc.com/economic/sacrificing-to-the-minotaur.html#comments Sun, 04 Apr 2010 09:12:29 +0000 merlin http://www.miraclesmagicinc.com/general-topics/sacrificing-to-the-minotaur/ In the current economic crisis people are tempted to fall back to conservative ideologies affirming the existing capitalist system. With the fall of the Stalinism any ideological alternative has evaded people's imagination. People suffered the consequences from the greatest economic crisis since World War II, in which global banks, the flag ships of world capitalism, collapsed and governments had to intervene with unprecedented measures using public funds to prevent a total economic downfall. And as people fear the threats of economic downfall, politicians within the social-economic status quo advertise two responses. The first Keynesian reflex is to spend money and stabilize the turning of the economic wheels, preventing them from further slow-down. The second response is a reflex to the former and advocates a fiscal conservative policy of cutting budget deficits resulting from the Keynesian reflex. Within the economic wisdom of the existing system these are both established outcomes. The political debate surrounding the state of the economy has one central question: how much will be cut where? Not even socialists, not christian-democrats or social nationalists, not liberal capitalists doubt the More >>]]> http://www.miraclesmagicinc.com/economic/sacrificing-to-the-minotaur.html/feed 0