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Archive | February, 2014

Explaining Stagnation: Why It Matters

Larry Summers and Paul Krugman have recently identified the phenomenon of stagnation.  Given that they are giants in today’s economic policy conversation, their views have naturally received enormous attention.  That attention is very welcome because the issue is so important.  However, there is also a danger that their dominance risks crowding out other explanations of […]

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National Endowment for Democracy (NED) in Venezuela

As protests have been taking place in Venezuela for the last couple of weeks, it is good to check on the National Endowment for Democracy (NED), the US Empire’s “stealth” destabilizer.  What has the NED been up to in Venezuela? Before going into details, it is important to note what the NED is and is […]

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Violent Protests in Venezuela Fit a Pattern

Venezuela’s latest round of violent protests appears to fit a pattern and represents the tug-and-pull nature of the country’s divided opposition.  Several times over the past 15 years since the late, former president Hugo Chávez took office in 1999, the political opposition has launched violent protests aimed at forcing the current president out of office. […]

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As a Class for Itself

  Numsa General Secretary’s Presentation to the Cape Town Press Club, February 11, 2014 I speak to you today with a powerful and united mandate from 341,150 metalworkers. They made their views extremely clear in our workers’ parliament in December last year — the parliament we called the Numsa Special National Congress.  In that parliament […]

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Michał Kalecki and Oskar Lange in the 21st Century

Jan Toporowski: It is . . . possible to identify in The General Theory and Kalecki‘s work key ideas that they had in common.  The first is that in a capitalist economy output and employment are determined by business investment, so unless investment is high enough the economy is unlikely to be at full employment.  […]

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Private Prisons Are Unconstitutional

A new report by In the Public Interest, available at www.inthepublicinterest.org/article/criminal-how-lockup-quotas-and-low-crime-taxes-guarantee-profits-private-prison-corporations, documents the increased use of private prisons to house the large and growing population of incarcerated Americans.  We have the highest incarceration rate in the world, five to seven times that of comparable countries.  See my article “Lawyers, Jails, and the Law’s Fake Bargains,” […]

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Tarek Mehanna: His Tragic Immoderation

I have become a card-carrying, tax-paying moderate, thanks to a study I found in Politico.com.  In this study, psychologists Kaitlin Toner and Mark Leary discovered that the more extreme politicians’ views are, the more they think they’re right.  In fact, politicians’ “belief superiority” — the certainty that their own viewpoints are correct — was linked […]

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Europe’s Future — Wanna Bet?

There are many TV talk shows in Germany, sometimes hot, often vacuous.  But the one on January 16th hit the roof, with far more people watching it afterwards via Internet than at the time it was aired.  And their comments, by the thousand, were mostly pounded away in great anger! A main cause of such […]

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Europe’s Future — Wanna Bet?

There are many TV talk shows in Germany, sometimes hot, often vacuous.  But the one on January 16th hit the roof, with far more people watching it afterwards via Internet than at the time it was aired.  And their comments, by the thousand, were mostly pounded away in great anger! A main cause of such […]

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