Tag: Globalization

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

Yves here. I left the original headline on this post because it would drive readers crazy and a better one would be very Daily-Mailish. However, the subhead gives a better idea of the focus of the piece: Reconstructing our tax system is an integral part of future national industrial policy as we restart the economy. […]

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The Best Law Capital Can Buy

Yves here. Professor Katharina Pistor has written an important, potentially a landmark, book on the role of law in creating and increasing capital at the expense of labor. We’ve written about many aspects of this issue over the years, from the way what used to be the commons (starting with pastureland) has been seized by […]

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Let’s Make Sure We Get the Green New Deal Right

Yves here. It would be better if I were wrong, but my impression is that Covid-19 has taken the wind out of Green New Deal efforts. By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute Advocates of the Green New Deal (GND) are looking to […]

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Reviving the Economy, Creating the ‘New Normal’

Yves here. Even though this post may seem unduly formal, it examines how Covid-19 is stressing a system that was already looking wobbly. Mark Blyth pointed out that the crisis of 2008 ought to have led to a reset of the economic model away from favoring capital as much as it did over labor, but […]

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Automation, Globalisation, and Vanishing Jobs

Yves here. Even with Covid-19 shaking the economy top to bottom, some trends grind on. For instance, automation is a fetish even when the payoff is questionable. Readers discussed how WalMart intends to eliminate cashiers and replace them with automated checkout, which seems idiotic based on how well they work at CVS (not). I see […]

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Scientists Around the World are Already Fighting the Next Pandemic

By David W. Graham, Professor of Ecosystems Engineering, Newcastle University, and Peter Collignon, Professor of Infectious Diseases and Microbiology, Australian National University. Originaly published at The Conversation If a two-year-old child living in poverty in India or Bangladesh gets sick with a common bacterial infection, there is more than a 50% chance an antibiotic treatment will fail. Somehow […]

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U.S. Abandons Open Skies for New Age Space Weapons

Yves here. Amazing how America finds new and creative ways to foster grifting by military contractors, this time with space weapons as the new gen version of Reagan’s Star Wars. But the danger of dumping the Open Skies pact, which had prevented efforts to colonize space, has gone largely under the radar. By Prabir Purkayastha, […]

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COVID-19 Impact on Fashion Industry: Slow Down

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Many of my contacts in the artisanal fashion world have been badly affected by the COVID-19 pandemic, They’ve had to shut down or suspend their businesses entirely. They’re not making anything and […]

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Yes, You Can Drink the Water: Clean and Safe Public Water Supplies. Microplastics, A Plea for a Modest Post Coronavirus Priority

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans.eats to the world beyond the coronavirus pandeomic.   Jared Diamond had a piece in today’s FT riffing on four existential threats that  loom over the  the world once the coronavirus pandemic, is contained.  […]

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Exclusive: Countries To Face a ‘Wave’ of Corporate Lawsuits Challenging Emergency COVID-19 Measures

Yves here. So now it’s clear: some companies and their law firm enablers see their right to profit, even in the face of the Covid-19 pandemic, as more important than human lives. This has been an underlying theme of investor-state dispute settlement suits (which we’ve written about extensively), but it’s never been as crass as […]

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Brexit: Yet More Chicken

While you were busy paying attention to Covid-19, the Brexit negotiations, such as they are, have been predictably going not well. Sir Ivan Rogers warned last year that it was possible that talks could break down entirely in the post March period as the Government came to grips with what would be required to complete […]

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Neoliberalism Is Over. Welcome to the Era of Neo-Illiberalism!

Lambert here: This is an interesting, broad-gauge piece. I don’t know about “Neo-Illiberalism” as a neologism; it’s not euphonious. Just spitballing here, but perhaps “geo-fascism” or “globo-fascism” might do better. Perhaps debt + the platforms (both global, by the way) provide a functional replacement for the beatdowns of the “mass-based party of committed nationalist militants.” […]

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The False Dawn of Ending Coronavirus Lockdowns

We’ve pointed out that too many people don’t want to face up to the fact that conflict between the inevitable force of the coronavirus and the seeming immovable object of our social and economic systems, the coronavirus is in charge. That won’t change until we have a vaccine, which will either take quite a while […]

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Public Health and Private Profits Under COVID-19 Pandemic

Yves here. This article highlights that India might engage in compulsory licensing if the most viable Covid-19 treatment turns out to be patent protected and the rights owner charges extortionate prices. But it seems unduly optimistic about vaccines. As we’ve highlighted, of the four common coronaviruses, immunity lasts only six months to 34 months. If […]

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Max Blumenthal and Ben Norton With Michael Hudson: How The US Makes Countries Pay For Its Wars – Economics Of American Imperialism

Yves here. Michael Hudson gives more insight into how America has created and perpetuates its empire. From the Moderate Rebels podcast of April 24 Max Blumenthal and Ben Norton discuss the economics of Washington’s empire, the role of the IMF and World Bank, attempts to create alternative financial systems like BRICS, and the new cold […]

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Coronavirus-Induced Food Supply Disruptions Hitting Farmers, Poor Consumers

For most, concerns about getting food greatly exceed actual food shortages, despite the combination of stockpiling and dislocations to supply.1 Yes, it may still be hard to get pasta. Some items are not regularly in stock, like chicken breasts. Here in Birmingham, local stores limited ground beef purchases to 2 pounds per trip. Generally speaking, […]

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Become a Manufacturing Powerhouse in 2020—An Economic Recipe for Our Times

Yves here. This post focuses on one set of policy objectives, which is the sudden desire of countries to become more self-sufficient, or more specifically, more of an autarky. One set of complicating factors with promoting more domestic manufacturing is that hardly any countries possess enough raw materials and engineering/technological prowess to pull that off. […]

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American Foreign Policy Is Not Ready for Climate Change

Climate change will define the global political landscape of the twenty-first century. As Admiral Samuel J. Locklear III, then the head of the U.S. Pacific Command, told journalists in 2013, political upheaval caused by climate change “is probably the most likely thing that is going to happen … that will cripple the security environment, probably […]

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Taleb: The Only Man Who Has A Clue

Yves here. Ilargi deserves kudos for explicating Nassim Nicolas Taleb’s work on the coronacrisis, particularly his paper with on pandemic risks with Yaneer Bar-Yam and Joseph Norman on pandemic risks. Guess what? They have really fat tails. It says something not good at all about the state of medicine, public health, and the leadership of […]

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The New Fault Lines in a Post-Globalized World

Yves here. It would be better if I were wrong, but I have doubts about this scenario. It appears to assume some orderliness in the responses to the coronavirus, both in terms of businesses and governments cooperating. I don’t see this as possible in the US. Not only is there an absence of public spiritedness, […]

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The Coronavirus Pandemic Has Opened the Curtains on the World’s Next Economic Model

Yves here. While the vogue for globalization, which has been a dominant business and economic model for decades, is suddenly looking imperiled, it isn’t clear what comes next. Recall the last great period of globalization was the period right before World War I. It collapsed in World War I due among other things to the […]

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The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies

Yves here. The financial crisis was such a successful exercise in looting the public purse that our oligarchs are at it again, this time via the “stimulus” bill. By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute When historians look back on our current […]

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Give Us This Day Our Daily Bread: Coronavirus and Food Security

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Many years go, during the ‘80s, I had an academic fellowship in Geneva, Switzerland. There I spent a wonderful year, researching trade policy, improving my French, skiing most winter weekends, and learning […]

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The COVID-19 Pandemic: A Letter to G20 Leaders (“The G20 must act now”)

Lambert here: “Narrator: They didn’t act.” I hope I’m wrong! By Erik Berglöf, Director, Institute of Global Affairs at the London School of Economics and CEPR Research Fellow, and Jeremy Farrar, Director, Wellcome Trust. Originally published at VoxEU. To G20 leaders, Advanced countries have started now to see the impact of the COVID-19 pandemic, and […]

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Coronavirus Kayoes U.S. Recycling

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Coronavirus has kayoed many remaining U.S. recycling programs, as well as disrupted the broader waste management efforts of many municipalities. Cities and states must continue to collect their garbage – otherwise, coronavirus […]

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UN Chief Warns of Coming Recession for the Planet

Yves here. Recession strikes me as an optimistic take.  But then again, the UN has long sugar-coated its downbeat messages. By Evelyn Leopold,  a writing fellow and correspondent for Globetrotter, a project of the Independent Media Institute. She is an independent journalist based at the United Nations as resident correspondent. She was bureau chief for […]

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Brexit: The ‘Australian Option’?

Yves here. We’ve covered most of the Brexit issues presented here, but this is a very useful high-level take that could be helpful as a recap of the state of play for curious friends and colleagues. By Nick Dearden, director of Global Justice Now. Originally published at openDemocracy The fallout of coronavirus only adds to […]

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