How The West Broke Russia's Economy

The historian Nicholas Mulder talks about the Western sanctions against Russia in the context of the Ukraine Crisis. He explains that the current sanctions are unprecedented in terms of size, speed and scope, expected consequences as well as potential drawbacks and problems.

Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.

Dies ist eine Kooperationsveranstaltung zwischen Heinrich-Böll-Stiftung, Finanzwende Recherche und der Universität Witten-Herdecke. Mit: - Joscha Wullweber, Heisenberg-Professor für Politische Ökonomie, Transformation und Nachhaltigkeit an der Universität Witten-Herdecke - Rainer Voss, Ex-Investmentbanker und Finanzwende-Fellow - Ulrike Roy, Abteilungsleiterin, Deutsche Bundesbank Begrüßung und Moderation: Jörg Haas, Referent Internationale Politik, Heinrich-Böll-Stiftung

Although money plays a key role in our lives, the workings of our monetary system are a mystery to most of us. ‘The Waterworks of Money’ by cartographer Carlijn Kingma is an attempt to demystify the world of big finance. It visualizes the flow of money through our society, its hidden power made manifest. If you see money as water, our monetary system is the irrigation system that waters the economy. The better the flow, the more prosperous society will be. Just as water makes crops thrive, so money sets the economy in motion. Or at least that’s the idea. In reality, inequality is growing in many countries and people are dealing with a ‘cost of living crisis’. Meanwhile, the progress with making our economies sustainable is stalling, and financial instability remains an ongoing threat. These problems cannot be seen in isolation from the architecture of our money system. If we truly want to tackle them, we will have to address the design flaws of our current money system. For more info check: https://www.waterworksofmoney.com or https://www.carlijnkingma.com For the Dutch version of the animation check: https://www.ftm.nl/waterwerk Current exhibitions: 'The Future of Money' at Kunstmuseum Den Haag, 14 April, 2023 - 8 September 2023. 'Plumbing The System' at the Dutch Pavilion of the Venice Biennale, 20 May 2023 - 26 November 2023 The second animation video of this series will be released in September 2023. The Waterworks of Money is a collaboration of cartographer Carlijn Kingma, investigative financial journalist Thomas Bollen, and professor New Finance Martijn van der Linden. Kingma spent 2300 drawing hours, based on in-depth research and interviews with more than 100 experts –ranging from central bank governors and board members of pension funds and banks to politicians and monetary activists. The structure of our monetary system is not a natural phenomenon. We can choose to change its architecture. Designing the money system– and the laws and institutions that govern it–is ultimately a democratic task, and not a commercial or technocratic one. In practice, however, there is a major obstacle impeding the democratic process: financial illiteracy. By making finance and money needlessly complex, economists, bankers and tax specialists have turned most of us into ‘financial illiterates’. Everyone who doesn’t speak their financial jargon is excluded from the democratic debate on how our monetary system should work. The Waterworks of Money bypasses the financial jargon. It is an attempt to boost systemic financial literacy. Only if ordinary citizens develop their own vocabulary to participate in the debate about their financial future, can they tell their politicians which kind of ‘financial irrigation system’ they want. Authors: Carlijn Kingma, Thomas Bollen, Martijn Jeroen van der Linden Animation: Tiepes, Christian Schinkel, Cathleen van den Akker Narrator: Loveday Smith Translation: Erica Moore Voice recording: Huub Krom Music and sound: Rob Peters Photography: Studio OPPA Partners: Follow the Money, De Haagse Hogeschool, Stimuleringsfonds Creatieve Industrie, Brave New Works, Rabobank, Kunstmuseum Den Haag, Rijksmuseum Twenthe

In dieser Folge gibt Ulrike Herrmann, Wirtschaftsjournalistin und Publizistin (taz) einen Impulsvortrag mit Fokus auf die aktuell beschlossenen Maßnahmen, Haushaltsentwicklung und Staatsverschuldung in Zeiten der Krise.

Der WSI-Verteilungsbericht bietet wie jedes Jahr einen faktengesaettigten Bericht zur Lage der sozialen Ungleichheit in Deutschland vor. Insbesondere die Ausfuehrungen zum Zusammenhang von Ungleichheit und Institutionenvertrauen und die im Bericht enthalteten Daten zu ungleich verteilten Sorgen in verschiedenen wirtschaftlichen Lagen, sowie die Ausfuehrungen zur unterschiedlichen Betroffenheit der gegenwaertigen Krisenkonstellation sind interessant und politisch bedeutsam.