EVENT

KAPUTTALISM: WILL CAPITALISM DIE, AND IF SO, WILL THAT MAKE US HAPPY?

LOCATION:
Bruno Kreisky Forum
Panel discussion

Robert MisikCaputtalism
takes the latest studies on the crisis of capitalism one step further and takes an unsparing look at the available data. His central thesis is that the crisis in the form of society in which we live today is so extensive that it is no longer enough to counteract it with redistribution. The entire system is on a knife-edge and needs to be rethought. How did Western capitalism get into such a serious crisis? The current situation is characterised by three main factors: Exploding debt, low growth rates and a serious rise in inequality. These factors are directly linked. Low growth rates make it more difficult to repay the debt. Growing debt leads to greater inequality, because the debts of some are the assets of others. At some point, there will be increasingly massive payment defaults and waves of insolvency. At the same time, our labour society is undergoing a radical transformation. There is much to suggest that neither the austerity apologists' nor the Keynesians' answers will work today. Is the capitalist world order at an end? What alternatives are there?
„The warning cry of one of the most innovative German-speaking intellectuals.“ Yanis Varoufakis

with:
Robert Misik
, journalist and author
Erich Fenninger,
Federal Managing Director Volkshilfe Austria
Katharina Mader
, Economist, WU Vienna

Robert Misik's book Capitalism. Will capitalism die, and if so, would that make us happy? will be published by Aufbau Verlag in February 2016.