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Subjects Archives: Political Economy

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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JPS Performance, Relative to NouGyoKyo and Banks

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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