Economics Archives - Page 3 of 20

Politics

The U.S. and UK Are a Wrecking Ball Crew Against the Pillars of Internationalism

They have undermined the sovereignty of nations and mutilated international law

July 13, 2020 • by Vijay Prashad

Ambassador Kelly Craft, the U.S. ambassador to the UN, spoke at the same meeting. She praised the charter and called upon the member states of the UN to bring its values into the world. However, Ambassador Craft said, “On far too many occasions, we have seen nations that are parties ...

The U.S. and UK Are a Wrecking Ball Crew Against the Pillars of Internationalism

Capitalism

There’s a Hidden Economic Trendline That Is Shattering the Global Trade System

Why economic nationalism is suddenly a fashionable excuse for countries to decrease their reliance on the existing global supply chains

July 8, 2020 • by Marshall Auerback and Jan Ritch-Frel

Covid-19 has accelerated a process that was well underway before it, spreading beyond U.S.-China-EU trade negotiations and into the world’s 50 largest economies. As much as many defenders of the old order lament this trend, it is as significant a shift as the dawn of the World Trade Organization (WTO) ...

There’s a Hidden Economic Trendline That Is Shattering the Global Trade System

Economy

We Won’t Have a Truly Global Economy Until We Start Taxing It That Way

Reconstructing our tax system is an integral part of future national industrial policy as we restart the economy

July 2, 2020 • by Marshall Auerback

Taxation is one of those areas that exposes the contradictions at the heart of globalization. Globalization of goods has proceeded quickly, as has the harmonization of industrial standards across countries. Harmonization of taxation? Not so easy. The power to tax is the ultimate national prerogative, one that very few sovereign nations would ...

We Won’t Have a Truly Global Economy Until We Start Taxing It That Way

Education

Save Higher Education (From Itself)!

A federal bailout for students, faculty, and staff at colleges and universities

July 1, 2020 • by Julia Ott

More than three months into a national emergency, neither the leaders of America’s colleges and universities nor our elected officials have offered any plan to uphold higher education or any vision for its future. The ad-hoc responses of individual institutions do not suffice. Without federal relief and concerted reform, our ...

Labor

I, Face Mask

A reconsideration of the classic essay, “I, Pencil”

May 27, 2020 • by Fred Block

“I, Pencil” uses a genealogy of an ordinary lead pencil to explain that nobody knows how to make one. It is, rather, the genius of the market system that coordinates the efforts of people around the world to manufacture the final product. They include loggers in Northern California, graphite miners ...

Finance

#Unis4all: An Open Letter to the U.S. Higher Education Community

Universities can immediately bypass feckless state and federal legislatures and finance themselves directly with “Unis” supported by the Federal Reserve.

May 22, 2020 • by Scott Ferguson, William Saas, Maxximilian Seijo and Benjamin Wilson

In truth, however, the collapse of the American university is far from inevitable. As the present health emergency suggests, moreover, it will take more than business-as-usual to remediate its long-standing structural inequalities and injustices, according to an emerging minority of educators, staff, and students. In our capacity as a 501(c)(3) dedicated to bringing accurate and ...

#Unis4all: An Open Letter to the U.S. Higher Education Community

Capitalism

CARES Will Care for Wall Street and Big Business

For macroeconomic balance maybe not so much

April 13, 2020 • by Lance Taylor

Support from INET and help from Thomas Ferguson and Özlem Ömer are gratefully acknowledged. To recap from a previous post (Taylor, 2020): The recently approved $2.2 trillion Coronavirus Aid, Relief, and Economic Security “stimulus” (or better, disaster relief) package amounts to ten percent of GDP. This amount is probably well less than the ...

CARES Will Care for Wall Street and Big Business

Economy

The COVID-19 Crisis Demands Bold, Progressive Economic Ideas

A Call for Papers

April 2, 2020 • by Teresa Ghilarducci, Richard McGahey and Paulo L. dos Santos

This pandemic poses a series of unprecedented economic challenges. It compromises our ability to engage in productive and commercial activities that require close contact between groups of people. Because fighting the disease requires non-essential workers to stay at home, it threatens to trigger a catastrophic recession, if not depression, as entire ...

The COVID-19 Crisis Demands Bold, Progressive Economic Ideas

Finance

Pandemics and Your Retirement Accounts

What You Should and Should Not Do

March 24, 2020 • by Teresa Ghilarducci

First, pause with gratitude if you have a retirement account. Only 41 percent of older workers have any type of retirement plan at work, whether it is a traditional pension or a 401(k) TIAA- type plan. The rate of non-coverage is even higher for younger workers. And the rate of ...

Economy

David Brooks & Economic Inequality

Consulting the “Great Books”

January 23, 2020 • by David Lay Williams

Yet in his column published in the New York Times on January 16, entitled “The Bernie Sanders Fallacy,” echoing similar pieces in the past, I had hoped that he would have consulted them for wisdom again. In it he argues that despite the rapid growth of economic inequality in the United States, ...

Migration

The Climate-Migration-Industrial Complex

January 10, 2020 • by Thomas Nail

This complex is composed of private companies who profit by securitizing nation-states from the effects of climate-related events, including migration. This includes private detention centers, border construction companies, surveillance technology consultants and developers, deportation and transportation contractors, and a growing army of other subcontractors profiting from insecurity more broadly. Every ...

The Climate-Migration-Industrial Complex

History

This Mess of Troubled Times

Has 1989 vanished beneath a mountain of interpretation and reflection?

November 26, 2019 • by Karl Schlögel

The processes set in motion by the disintegration of the socialist economy in eastern Europe eluded all analytical frameworks. It was a time of ‘wild thinking’, in which received ideas were reconsidered and values re-assessed. We are still living through this troubled era, writes the historian of the Soviet Union ...