As already explained in part II of this series, it is the aim of the Real Social State of Law to
r i g o r o u s l y
democratise all sectors of the society
w i t h o u t a n y e x c e p t i o n s
through reforms.
Reflections on how to overcome the real-existing lobbycracy. Part IV.1: Outlining of the Real Social State of Law
Articles in English… a balanced state budget itself is not a value in any degree, … a debt brake […] corresponds to Little Johnny's ideas about how economy works, … at the end of this first step […] to regulate the financial sector all the banks have to be labelled "public bank", … at this stage a common currency unit of the BRICS-states seems realistic, … second step of transformation the relevant positions in the financial sector are filled with trustworthy [that is oriented at the common good!] managers, “Appropriate” means: Comprehensive wage payment according to the "Golden Rule of Wages" in all wage groups, […] an unprecedented drumfire would go off . . . (__paid for by all the powerful single economic interested parties who […], […] and by breaking up the media concerns at the beginning of this reform process […] that… independent coverage of these democratisation reforms is possible, […] comprehensive appropriate wages are the condition for a thriving economy […] which then again is the condition for enabling a political rerouting […], […] described as a preventive bank bailout under complete control of the Visible Hand, […] done in a transparent process with […] the people of trust oriented to the common good and as well the representatives of the interests of the single economic […], […] in the […] financial market regulation a single Real Social State of Law would be overstrained, […] it is crucial to enclose the financial sector […] to an extent as far-reaching as possible for a single Real Social State of Law, […] only those banks can get a licence that are willing to submit themselves to the […] rules for the financial market […] of the Community of the Real Social States of Law, […] people who would be affected by a collective haircut … could invest the amount that they would lose this way in the real economy […] at an interest rate of 2 per cent, […] public sectors […] How else could you make profit with those sectors serving the common good and made to allow dignified societal life far off barbarianism?, […] that only a private financial market can tick right in terms of price […] which is […] a false claim as the many financial bubbles and crashes have taught us, […] the deprivation of power of the media concerns […] is … essential […] otherwise an unprecedented drumfire […] to hammer … into the heads […] that only a private financial market can tick right […], […] the first step of transformation […] is to enclose all the banks by the Visible Hand of the Real Social State of Law as you can never be sure which skeletons are still in the cupboards […], […] the kind of "crucial" situation of a bank […] an injudicious […] closing down could bring more damage than benefits, […] the members of parliament […] their decisions will […] determined by what they had promised to the electors when they wanted to be elected by them, […] the President of the Real Social State of Law […] whose institutional body of state power the "clearinghouse " is, […] the supply of the real economy with capital remains unaffected due to the former enclosing of all the banks by the Visible Hand — and […] the saving deposits remain guaranteed, […] this haircut only affects assets exceeding a certain level for after all the average saver is not to be damaged, […] whereas cooperative banks and savings banks probably being returned quickly to their old legal status, […] you should have in mind financial market players […] as well the concerns […] controlled by financial market players or entangled with them […], Against the background of the experience of the neoliberal financial market deregulation […] financial market regulation … means the following […], An economic haircut only makes sense if … subsequently it is not the private capital market that dictates the interest rate […], An essential element in the Real Social State of Law is the primary distribution of the general economic generated wealth […] is possible with “appropriate wages”, As a transition a currency system consisting of several coordinated anchor currencies would be imaginable, At the beginning of this process economic power concentrations have to be […] whenever they have reached a certain magnitude allowing them political interference in their interests, At the beginning of this process of democratisation the complete complex of public services […] is to be taken away from the mere striving for profit, By conveying these interests […] their international impacts have always to be taken into consideration, especially small- and medium-sized companies subject to the influence of market power players, For enabling that […] is exactly what the future generations must be able to expect from us: But they cannot expect an inheritance exclusively consisting of the “credit side”!, For it is not democracy that has to be altered in line with the market […] but it is the other way round: the market has to be controlled in line with democracy […], fourth step of transformation covers the sorting […], If the banks should be privatised after that would be left to a social debate […], If the banks should be privatised after that would be left to a social debate […] it should be … clear that before […] the deprivation of power of the media concerns would have to be finished, If they refuse to agree their money would be down the drain, In the following the Real Social State of Law is introduced as a "Community of Real Social States of Law", In the meantime […] the […] ECB is to credit the real economy directly — at an interest that is otherwise only granted to banks, it is also true that things that are system-relevant must not be left without controlling!, It is crucial for the functionality of the Real Social State of Law that upon strict integration of the capitalist principle […] always has to be controlled in a transparent way […], It is said that the financial sector is system-relevant— which is true. However it is also true that things that are system-relevant must not be left without controlling!, it is the aim of the Real Social State of Law to rigorously democratise all sectors of the society …, Nevertheless […] it was those politicians who had implemented the deregulation of the financial markets — on behalf of the financial market players, Some brief remarks on the financial market regulation . . ., Talking about the financial market regulation I would like to point to the importance of a ban of commodity speculations (as this pdf file exemplifies, that belongs to all the countries involved, That means in the Real Social State of Law "speculation" would only then be possible […] with a sustainable investment in the real economy — respectively on two conditions, The aim of the procedure is the return of the banking business to its core business […] granting loans and risk management in real economic processes, the consistent regulation of the financial market must go along with the set-up of a world-wide currency system with a central bank, the deprivation of power of the media concerns […] is of essential importance just like the deprivation of power of the financial sector, The necessary transparency in the coordination of matters of single economic interest with matters of general economic interest . . ., The people of trust … settle […] in an institution […] called clearinghouse for there […] the single economic interest will be aligned with the matters of general economic interest, The return of the financial sector to its service tasks for the real economy exclusively, the whole procedure ends […] with the banks being mere service providers for the real economy, The yardstick for business projects […] are their economic and social impacts as a whole […] Adequately developed computer simulations could represent a decision aid, Then there is the collective haircut, third step of transformation commercial banks (therefore solely acting for the real economy) are to be separated from the speculating banks […], This … does not mean that no profits may be generated. There is nothing wrong with being in the blacks but […] the sectors mentioned […] serve the purpose of guaranteeing a humane society, This first objective that goes beyond interstate cooperation is the set-up of a Community of Real Social States of Law […], this first step in the transformation process serves the purpose not to interrupt the financial (thus the "monetary") circulation circuit […], This haircut corresponds to the amount that […] plus that amount that due to the consequences of the financial crisis had to be borne by […] the tax payers), This reform process […] is therefore no end in itself but it serves to completely return the lobbycratisation of our society […] so that a humane and democratic society can develop at all, To succeed in doing so such people of trust have to be elected independently — thus independent from the members of parliament and independent from the elected governmentJoachim Endemann