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Transnational Dominance
Although Republicans and President Obama are said to disagree about economic policies, there is one initiative that they both enthusiastically support: free trade agreements. President Obama...
View ArticleGlobalization, Capitalism, and China
A January 22, 2012 New York Times story, The iEconomy: How U.S. Lost Out on iPhone Work, has been getting a lot of coverage. The article makes clear that Apple and other major multinational...
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Germany: A False Model
As growing numbers of countries face renewed austerity pressures, there is a tendency to explain the trend by searching for specific policy failures in each country rather than considering broader...
View ArticleChina and Neoliberalism
China is widely celebrated as an economic success story. And it is as far as GDP, investment, and export growth is concerned. However, as we know well from our experience in the United States, such...
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Capitalist Globalization
The Obama administration continues to push new free trade agreements, arguing that they are needed to boost job creation. The latest attempt is the Trans-Pacific Partnership (TPP). So far nine...
View ArticleFree Trade As A Coroporate Project
I was recently interviewed by David Delk on his Populist Dialogue cable TV program. I shared my criticism of free trade as a corporate project, looking in particular at the Transpacific Partnership...
View ArticleEconomics And Values
Mainstream economics is largely built on theories that assume that people are best understood as highly competitive and individualistic maximizing agents. In fact, capitalism is said to be the most...
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Free Trade Agreements And Corporate Power
Corporate power has steadily grown over the last three decades. And corporations have aggressively used their growing power to boost profits and the well-being of those at the top of the income...
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Capitalist Dynamics And Labor
The recent International Labor Organization (ILO) Global Wage Report examines trends in the distribution of income between labor and capital. It finds that: An outpouring of literature has provided...
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The Continuing Unsatisfactory Economic Expansion
Media and policy-makers seem anxious to convince us that the economy is in strong recovery mode. Therefore no further significant policy interventions are needed. Their optimism appears to rest...
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A Bleak Future
Any improvement in living and working conditions in the United States is going to require far more than tinkering at the margins. The fact is that U.S. economic dynamics have undergone a major...
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Globalization And Inequality
The United Nations Conference on Trade and Development (UNCTAD) recently examined the causes of rising inequality in developing and developed countries. In what follows I discuss its analysis of the...
View ArticleThe Art Of Research
There is serious research and then there is obfuscation that poses as serious research. I am spending time in Dublin, Ireland, learning about developments here. One thing that is obvious is that the...
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Tax Tricks And Globalization
Globalization offers companies many ways to boost profits at the public expense. A case in point: they can use differences in national tax laws to slash their taxes. Google, Apple, and Microsoft are...
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The Way Forward
Floyd Norris, writing in the New York Times, summarizes key economic trends as follows: Corporate profits are at their highest level in at least 85 years. Employee compensation is at the lowest level...
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The Free Trade Record
The U.S. government is hard at work negotiating the Transpacific Partnership Free Trade Agreement with eleven other governments. It continues to defend this and other free trade agreements with claims...
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Africa And Globalization
Economists continue to celebrate the free movement of goods, services, and capital. However, faced with slowing economic conditions in core countries, it is now third world growth that is highlighted...
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Victory in Greece
Syriza won the Greek election and its leader, Alexis Tsipras, is now prime minister—the Greek people showed bravery and intelligence and we should be studying as well as supporting the efforts of...
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Corporations in Control
President Obama continues to press for a form of fast track approval to ensure Congressional support for two major trade agreements, the Trans-Pacific Trade Partnership Agreement with 11 other...
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The Media Discovers The TPP
The corporate nature of the Trans-Pacific Partnership (TPP), a so called free-trade agreement, is becoming more obvious thanks to a recent leak of the investment chapter by Wikileaks. While the U.S....
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