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Why Josef Ackermann, Attac and Lafontaine once almost agree

A few months ago, they were still laughed when they had bet that the boss of Deutsche Bank Josef Ackermann and the globalization-critical network Attac once agree. Finally, Ackermann was considered the globalization critics as one of those "greedy managers", whom Attac has announced the fight. But a few days ago was amazing to horen from the lunch of banking: "Banks alone can not save the situation anymore."Then came the sentence that could almost make him the Attac honorary member. "I do not believe in the self-healing force of the market."

In fact, Ackermann was immediately supported by Stephan Schilling, Member of the Attac Coordinating Council: "Sectors, such as the banking industry, bringing all the economies into danger, under democratic control," he said.

If you went that Ackermann has always been an unusual propagandist of the free market economy without rough state ganguling, you are surprised in the first moment. Is a hired Easter miracle?

It is only a very frequent process. In the age of crises, capital is looking for protection and rescue in the home port, which is also called location in the age of globalization. Here, the question is always answered in this way, in which capitalism critic has been quenching for years. The state actually needs a nation state in the age of globalization.

The FAZ, which on Wednesday easily ironed "Politics and banks call in the crisis according to the state," can be found in what Ackermann demands from the German state. It is time to pack the Ubel at the root, and that’s the American mortgage market. The United States had to try to stabilize their house market. "We do not have the time to wait until the American House Market degrades the imbalance over the years. It needs a concerted action of banks, governments and central banks."

It is now no invention for Ackermanns to attribute the US Cyclic Capitalistic Crises and to accuse the protection of the German location. He can be great approval until in circles of social democracy in their two currently acting formations. In fact, Federal Finance Minister Peer Steinbruck explained quite in the sense of Ackermann, that politics and banks in Germany "for the growth of one of the largest financial crises in recent decades "had to work together. One of his pre-procedure in office, today’s Left Party Oskar Oskar Lafontaine, is not far from his former party friend. Even before the US mortgage crisis, he made strong and negative inflation hazards for tax cuts of the European Central Bank.

Stefan Frank undergoes this policy approach in the monthly magazine concretely a devastating criticism from the left: "Lafontaine makes propaganda in the sense of banks. Your creepy balance sheets have benefit interest rates. Your profit margins have rising. Lafontaines for 25 years of equal advice to the central bank are based on the Credo of Mr. Josef ABS: What is good for Deutsche Bank, is also good for the Federal Republic of Germany."

Again, surprising turns can be stated. Lafontaine, which often said a trooted capitalism criticism in which the banks and the speculative profits must serve as crisis causes, is at once criticized as a friend of banks.

Even the large antipode of a state steering of the economy The FDP does not want to stand out. The Federal Government has to be strong to bring an international regulation of derivatives, hedge funds and private equity funds, "explained FDP boss Rainer Bruderle. "Both reminders are known from press releases from trade unions and left politicians. From the mouth of a liberal you sound unfamiliar. Trust in the self-regulation of free market? Not with the FDP ", the SPD near Frankfurter Rundschau.



But before the very rough Volksgemeinschaft breaks out, Ackermann has already interpreted his words. It should not be the impression that he spoke of a democratic control of the banking sector the word. He also did not want to question the functionality of the market economy. Alone, that it needed such a clarification at Ackermann, is amazing.

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New society

Now it would be too short to see the call for the state only under the economic point of view. Certainly the mortgage crisis is a dasur that the Ifo chief makes sense, the pope of the Neoliberal, with the words "the party is out". But more importantly, it is leading economic circles to use the crisis to strongly strong the inner context of Germany’s location.

That it is not well ordered at the moment, you could remove the current edition of the manager magazine. "Desort of Super Capitalism Democracy" is the title and on the title page is a rough grasshopper, the varied favorite symbol of all those who think something about capitalism.

"Trust dwinds – into the economy, politics, in the future, "says it in almost alarmistic tone. ."If it goes on, then it can also come to tumults with burning cars as in the French prejudices", Federal Finance Minister Peer Steinbruck is quoted. In this sound, the authors Wolfgang Brain and Henrik Muller try to parish the clientele of the manager magazine on more than 10 pages. In the end, however, there is a shot optimism: "Democratic societies have ultimately proven to be more stable, also economically. … but that too is clear: the projection of the Democrats does not come from about about. Always on new ones you have to renew your company contract."

The sociologist Heinz Bude makes itself in a conversation with Claus Offe Similar Thoughts. He sees in Grun black collaries "room for new ways of thinking. There, however, the old and new "elites", during the below, connect downwards, "which sometimes are still on the two Social Democratic parties SPD and the Left Party, Drawing:" The drama of exclusion is now across the whole society. The one life in the world of opportunities, and the others are thrown into the world of exclusion. And no economic growth can turn over the cleavage between those who can be sure that their voice pays, and those who feel there is no longer matters on them." In this situation, the site care is offered as the company kit. The US mortgage crisis comes as called.