The Forbes list of the super-rich and the role of neoliberalism for the financial crisis

The annual publication of the Forbes list of the super-rich carries with it traits of Hollywood Tesken. The super-rich fascinate people like movie stars. It comes to their influence, their power and their seemingly unlimited possibilities. Scientists Ueli M├Ąder, Ganga Jey Aratnam Schilliger and Sarah have in their detailed research.

This is a study on the income situation of millionaires and billionaires. It is about their motivations and responsibility and of course, what they do with their money. Thanks to the study results, you can be easily drawn to the world of the rich mentality. From hundreds of interviews, the authors have gathered a lot and very personal statements that make reading the book a pleasure. Nevertheless, it is all about results: Many empires have indeed a confidence that suggests a well-equipped basic safety. However, appearances are deceptive.

The special position involves many difficulties. You have to deal with money, and the risk of being exploited is large. Over all for the rich is the primacy of the economy. Even if there is, a financial crisis puts the trust in market forces, empires rely on the economic self-organization and new elites. Social Political empires tend towards conservative values, attitudes, even if they are based globally and invest in new technologies. One more thing, the rich want free to determine who and what they support.

For neoliberalism and financial crisis

For large parts of the German population is clear: neoliberalism has contributed significantly to the biggest economic and financial crisis since 1929. This anti-neoliberal wave has been supported by numerous market-critical publications. There was ones a lot of greed, unbridled profit maximization, as and such, which are connected with market failures. However, which is actually a cause of the crisis? Do you think this is because the actors are guided by the principles of neoliberalism?

“On the contrary”, says Dr. Karen Horn, director of the Berlin office of the Institute of the German Economy in Cologne, in the video blog of Marc Beise. – “It was the disregard of neoliberal principles that made this crisis possible.”