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. […]
It costs the state of New Jersey more money to hold a prisoner for one year than to fund one Princeton student’s tuition. Here’s an overview of the disturbing trend of prioritizing prison over higher education in the US. PublicAdministration.Net was created as an online informational resource for individuals looking to pursue public administration-related […]
Financial crises are bad news for the status of the currency in which the turmoil is denominated, right? So the US-made financial crisis must be bad for the dollar, right? And especially so because of the expansive dollar monetary policy that has ensued, right? Ambiguity on What “Strong Currency” Means Several economists appear to […]
Much of the discussion surrounding the Greek crisis revolves around the probability and implications of a sovereign default and on whether the introduction of a national currency (which, for simplicity, we could call the new drachma) would help pull the Greek economy out of recession (see for example Manasse 2011 on this site). Less […]
The attack on the public sector through pay freezes, furloughs, layoffs, and proposed cuts is also an attack on Black and Latino workers. Cuts to social safety nets hit Blacks and Latinos hardest. Video by United for a Fair Economy. Read United for a Fair Economy, “State of the Dream 2011: Austerity for Whom?,” […]
Contested Waters: Background to a Crisis 1. On November 23, 2010, military troops from the Republic of Korea (ROK, or South Korea) and the United States conducted war-simulation exercises, dubbed “Hoguk” [“Defend the State”], a massive joint endeavor involving 70,000 soldiers, 600 tanks, 500 warplanes, 90 helicopters, and 50 warships. It was slated to […]
It is commonly reported in the international press, and widely believed, that the government of President Hugo Chávez controls the media in Venezuela. For example, writing about Venezuela’s September elections for the National Assembly, the Washington Post‘s deputy editorial page editor and columnist, Jackson Diehl, referred to the Chávez “regime’s domination of the media. […]
Overlooked in the recent rise of the Tea Party and the Republican Right is the way these groups have learned how to grow and thrive on the failures of capitalism. The Democrats, in contrast, remain tied to its successes. With capitalism performing particularly poorly at present, it is no wonder that the Right is […]
Executive Summary: The United States currently incarcerates a higher share of its population than any other country in the world. The U.S. incarceration rate — 753 per 100,000 people in 2008 — is now about 240 percent higher than it was in 1980. We calculate that a reduction by one-half in the incarceration rate […]
As the representatives from the European Union, the IMF, and the Greek government are trying to flesh out how Greece can use the EU’s and the IMF’s funding to remedy its fiscal position, the main question hovering above their negotiations is whether Greece can and should follow Estonia’s example in massively cutting public spending. […]
Play now: “Not everybody is happy about what happened after the Wall went down. In fact, it’s often referred to in East Germany not as German reunification but as West German annexation or even colonization, because the economy in East Germany took a nosedive after the two joined, the East and the West joined — […]
General Statistics — 2008-2009 Data is presented below regarding detainees and prisoners in Israeli prisons, as collected from various sources. As of January 2009, approximately 22,500 individuals were imprisoned or detained in Israeli prisons; around 70% of those individuals are Arabs.1 Palestinian prisoners and detainees holding Israeli citizenship (January 2009) Security classification Criminal classification […]
Industrial production fell 1.5 percent in March after a similar decrease in February. For the first quarter as a whole, output dropped at an annual rate of 20.0 percent, the largest quarterly decrease of the current contraction. At 97.4 percent of its 2002 average, output in March fell to its lowest level since December […]
House members voting for the bailout Friday have collected 41 percent more than opponents from the industries most eager for emergency aid. Senate vote was similarly divided. WASHINGTON (Oct. 3, 2008) — Members of the House of Representatives who voted Friday afternoon in favor of the Emergency Economic Stabilization Act of 2008 had received […]
The world watched as people of New Orleans were herded into the Superdome, only to find themselves in a wretched and unsanitary place with no food, water, or proper medical care. Those in areas of high flooding fled to their rooftops, begging rescue helicopters to airlift them to safety. Many died trapped in their […]
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