Hermann Lueer

Financial Crisis Hermann Lueer

Financial crisis 2008 revisited. What a strange crisis! Apparently there was too much of everything: too many factories, too many homes, too many consumer articles. The economic supply in a country was too large for demand; there was not too little, but too much capacity. What to do with all the useful objects that are being produced? Employees are fired and thus have no more money because too much was produced. Useful objects are stockpiled and functioning production sites are closed because of low demand and the same time widespread poverty. How can overproduction become a problem at all? If too much has been produced you could simply let it lie or dispose of it. It would only be annoying if too much work had been done instead of dedicating oneself to the well earned free time earlier. What sort of strange wealth is it which - even though the material conditions of production have not changed in the slightest, although food, accommodation and all other consumer articles imaginable are still available - are suddenly ever less available to a large part of the population? In the market economy, what is the yardstick, what is the purpose of using the means of production? Why does money rule the world?