markets

Obama on Globalization: A Success Story

August 7, 2018

Barack Obama’s Nelson Mandela speech praised globalization and market-based solutions for their role in lifting one billion people out of poverty. But is this true? For example, half of this poverty reduction is traceable to China’s economic growth. And inequality has only grown, as Obama even admits. Paul Jay and Heiner Flassbeck take apart Obama’s…

TRIPS: The Story of How Intellectual Property Became Linked to Trade

October 28, 2016
Professor Peter Drahos explains the TRIPS Agreement gave multinational corporate owners of intellectual property rights a global form of private taxing power

Speculators Are Buying Up Vacant Properties With Mixed Results For Cities

February 15, 2014

Bill Black: As private equity and investment firms purchase vacant properties, it’s leading to the restoration of homes and a decline in vacancy, but also causing a decline in tax revenue in some cities

Reality Asserts Itself - Heiner Flassbeck

February 2, 2014
Heiner Flassbeck, former director of UNCTAD, says the “market” is good for making high profits from international exchange rates; the only rational solution for a healthy economy is take exchange rates away from the market

Why is China’s Economy Slowing Down?

January 29, 2014

Minqi Li: State funded expansion of infrastructure projects is creating over capacity as wages and domestic consumer demand remains low

NAFTA

January 2, 2014
On the 20th anniversary of NAFTA, immigration and labor activist David Bacon says that the trade agreement created Mexican billionaires, kept Mexican workers’ wages flat, destroyed US jobs – and revealed the need for worker solidarity across borders

US Federal Reserve

December 23, 2013
Gerald Epstein: Former Bank of Israel Chief Stanley Fischer will likely become the Vice Chairman of the Federal Reserve, but his record shows consistent catering to Wall Street rather than bringing the country to full employment