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Subjects Archives: Political Economy

Economic troubles

Signs of economic trouble ahead

The current expansion has gone on for 102 months. Only the expansions from March 1991 to March 2001 (120 months) and from February 1961 to December 1969 (106 months) are longer. Unfortunately, growth during this expansion has been slow and the gains have largely gone to a very few. And there are signs of economic […]

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Cities woo Amazon to become second HQ (photo credit: CNN money)

Amazon is a 21st-century digital chain gang

When Amazon announced plans to locate a $5 billion, 50,000-employee complex as its second headquarters somewhere in North America, state governments and municipalities fell over themselves offering billions of dollars in tax abatements and corporate subsidies to secure the prize.

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Berlin Bulletin by Victor Grossman

GROKO or NO GROKO?

It happened in Bonn last Sunday, on January 21st. There were close to 650 delegates, the gallery in the congress hall was also packed with observers. The suspense was almost visible, also among the demonstrators outside. All over Germany millions were watching closely to see if the future path of the Social Democratic Party (SPD), […]

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Warren Buffett (Rebalance IRA)

Warren Buffett & imperial economics

Warren Buffett is one of the wealthiest people in the world. He is also Chairman of the Board, President and Chief Executive Officer of Berkshire Hathaway, a huge U.S. investment conglomerate. Looking at Berkshire’s investment policy reveals some important features of the economics of imperialism today and the role of money capitalists.

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Demonstrators in Zurich this week. While many are poised to recoil at President Trump’s arrival in Davos this week, much of the moneyed elite there are willing to overlook what they portray as the president’s rhetorical foibles in favor of the additional wealth he has delivered to their coffers. (Ennio Leanza/European Pressphoto Agency)

Dutiful dirges of Davos

Thousands of people will gather next week in Davos. Their combined wealth will reach several hundred billion dollars, perhaps even close to a trillion. Never in world history will be the amount of wealth per square foot so high. And this year, for the sixth or seventh consecutive time, what would be one of the […]

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The end of Jobs is Near and Capitalism as we Know It is Over (photo: Hacked)

The end of the road for capitalism or for us all?

we have the certainty that matter remains eternally the same in all its transformations, that none of its attributes can ever be lost, and therefore, also, that with the same iron necessity that it will exterminate on the earth its highest creation, the thinking mind, it must somewhere else and at another time again produce […]

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