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Author Archive | Martin Hart-Landsberg

Paul Ryan speaks at the Wall Street Journal's CEO Council meeting in Washington

Tax cuts: It’s all about capitalism

Powerful corporations and the rich in the United States continue their winning ways. By narrow margins, both the House of Representatives and Senate have agreed on a budget proposal that calls for an increase in the federal deficit of $1.5 trillion dollars in order to fund a major reform of the U.S. tax system that […]

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Trump and US Foreign Policy (photo: John Cole)

Challenging U.S. Foreign policy toward North Korea

It is an understatement to say that relations between the US and North Korea are very tense—the US government continues to threaten to further tighten economic sanctions on North Korea and launch a military attack to destroy the country’s missiles and nuclear weapons infrastructure.  And the North for its part has said it would respond […]

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American Legislative Exchange Council (ALEC) meeting

State conservatives block city progressives

Conservative forces, organized by infamous groups like ALEC (American Legislative Exchange Council), are using their influence in state legislatures to pass preemption laws. The purpose is to stop, and even roll back, the gains of progressive local coalitions by usurping the authority of city governments, thereby rendering popular strategies, like ballot and elected official vote […]

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We can do it with $15 an hour and a union

Unions fight inequality

The decline in unionization is one of the most important factors promoting the concentration of income at the upper end of the income distribution. The statement may not surprise you, but the fact that this was the conclusion of an IMF study of the causes of inequality might.

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International Monetary Fund

The sorry state of the US economy

Although reluctant to say it, a recent IMF report on the state of U.S. economy makes clear that U.S. policy makers have failed to protect majority living conditions. While the IMF generally pulls no punches in criticizing the policies of most member governments if it determines that they threaten to slow capitalist globalization dynamics, it […]

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Illustration of Stagnation

Secular Stagnation

The fundamental changes I would advocate are those that would: dramatically boost worker power; secure a progressive and growing funding base for a needed expansion of public housing and infrastructure and public spending on health care, education, and transportation; and end the production and use of fossil fuels and significantly reduce greenhouse emissions.

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Workers at Whirlpool

Monopolization and labor exploitation

Those who advocate “freeing the market” claim that doing so will encourage competition and thereby increase majority well-being. These advocates have certainly had their way shaping economic policies. And the results? According to several leading economists, the results include the growing monopolization of product markets and the steady decline in labour’s share of national income. […]

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preferred_future_course.jpg

Lessons from a defeat in Europe

The Troika are celebrating the end of negotiations with Greece, proclaiming that thanks to their tireless efforts the Eurozone remains whole.  And why wouldn’t they celebrate?  They have demonstrated their power to crush, at least for now, the Greek effort to end austerity and its associated devastating social consequences.  Tragically, Syriza has not only surrendered, […]

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Price Control

Another World Is Indeed Possible

For some time, business and government leaders in the United States have aggressively promoted policies designed to expand opportunities for private profit making.  The result has been growing instabilities and inequalities.  Many opposed to this development have called for the imposition of controls on private production, investment, and price decisions.  However, those in power routinely […]

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South Korea: The State of Political Struggle

The post-crisis trajectory of the South Korean economy has been a disaster for working people there, and South Korean labor and left movements are engaged in a very difficult struggle to roll back the ongoing neoliberal restructuring.  In this essay I discuss some of the challenges these movements face.  I do so because workers and […]

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South Korea: The Unraveling of an Economy

South Korea, the poster country for the IMF in the post-East Asian crisis period, is in serious economic trouble.  That’s probably why you hear so little about what is happening there.  After a major economic collapse in 1998, the country recorded GDP growth rates of 10.9 percent and 9.3 percent in 1999 and 2000, respectively.  […]

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