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Subjects Archives: Political Economy

Tributes to David Houston

David Houston changed my life.  If it weren’t for Dave, I wouldn’t be a political economist, a political activist, and I wouldn’t have a sense of my life as part of a larger historical struggle for economic and social justice. Dave, along with his friend David Bramhall who concentrated on teaching undergraduates, were the sole […]

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Europe, Capitalism, and Socialism

In the Spring of 2005, workers’ votes in France and the Netherlands made the difference in defeating the draft European constitution and ending socialist party control of the German state of Baden-Wurttemberg. In the few weeks after those momentous events, most politicians and reporters offered one basic explanation. It tells us much more about the […]

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Global Capitalism in Danger

Global capitalism is in danger. Leading lights of global finance capital are sending out warning signals with growing urgency and desperation. Alan Greenspan is puzzled, referring to the decline of long-term interest rates at a time of rising short-term interest rates as a “conundrum.” To solve the conundrum, Martin Wolf of the Financial Times argues, […]

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Koizumi Goes Postal

On Monday, August 8th, Japan’s upper house of Parliament unexpectedly joined the French and Dutch electorates to give a sharp slap to neoliberal inevitability. Much to the totally delicious distress of all the usual suspects, from the Financial Times to the Christian Science Monitor, the parliamentarians turned down Prime Minister Junichiro Koizumi’s key piece of […]

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Thinking About China

Imports into the U.S. keep rising and the merchandise trade deficit keeps growing. Manufacturing jobs continue to disappear and wages and working conditions continue to worsen.  Increasingly, those who seek to explain these trends point to China.  It is true that China has become an export powerhouse, and the United States its main market.  China […]

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