Keeping America's Edge (via) [more inside]
posted by kliuless on Dec 22, 2009 - 21 comments

Taibbi-filter: Obama's Big Sellout [more inside]
posted by moorooka on Dec 10, 2009 - 156 comments

Soros lectures
You can slog through the video, but I preferred the transcripts 1 | 2 | 3 | 4 | 5 [more inside]
posted by kliuless on Nov 21, 2009 - 13 comments

Asset inflation, price inflation, and the great moderation
Economists as penance have been trying to locate the origins of the great chain of causation that has led us to our present situation -- the worrying conclusion is that problems remain -- imbalances precipitated by a labour supply shock [1,2] and/or (the rise of) machines [1,2] have not gone away and continue to persist in decimating the ('developed world's) middle class, as evidenced by high and rising unemployment, which has led to a crisis in central banking itself. [more inside]
posted by kliuless on Oct 31, 2009 - 31 comments

Is California finished?
posted by shakespeherian on Oct 28, 2009 - 110 comments

Social mobility, income inequality and wealth disparities. [more inside]
posted by kliuless on Sep 7, 2009 - 54 comments

TARP investments yield 15% returns. Almost trom the start, critics characterized the TARP program that first began under the Bush administration and that continued through early this year under President Obama as a taxpayer funded giveaway, while government officials insisted it was a long-term investment program whose initial costs would eventually turn a profit as economic recovery began. Now the NY Times reports that the program has already yielded $4 billion in profits, and a separate report reveals that related Federal Reserve loan programs aimed at economic stabilization have returned $14 billion in profits.
posted by saulgoodman on Aug 31, 2009 - 119 comments

Japan's opposition party, The Democratic Party of Japan (DPJ), is projected to win a landslide victory tomorrow, ending the 52-year reign of the Liberal Democratic Party (LDP). Furthermore, according to a survey conducted by the popular Asahi Shimbun newspaper, the DPJ could win a two-thirds majority, enabling them to roll legislation through the Diet unabated. Despite the projections, the two parties are still battling hard. Washington is following these elections very closely, because of the man who could be the next prime minister, Yukio Hatoyama. [more inside]
posted by Marisa Stole the Precious Thing on Aug 29, 2009 - 46 comments

How American Health Care Killed My Father After the needless death of his father, the author, a business executive, began a personal exploration of a health-care industry that for years has delivered poor service and irregular quality at astonishingly high cost. It is a system, he argues, that is not worth preserving in anything like its current form. And the health-care reform now being contemplated will not fix it. Here’s a radical solution to an agonizing problem. (via mr) [more inside]
posted by kliuless on Aug 18, 2009 - 144 comments

There's no way we get all this stuff and everything is done fair and square and everyone gets treated right. A Chinese employee of Foxconn, entrusted with fourteen (maybe sixteen) prototype iPhones misplaced one before they could be shipped; what followed was his detainment and torture at the hands of company police, and his eventual suicide. Shanghaiist has confirmed the story. Fake Steve weighs in.
posted by littlerobothead on Jul 22, 2009 - 124 comments

The story of stuff and how it's currently being played out between the political economies of China and the US (G2 'Chimerica') in an illuminating Fallows vs. Ferguson cage match. [more inside]
posted by kliuless on Jul 19, 2009 - 5 comments

Rebuilding Something Better by Barack Obama: "this week, I'll be talking about how we give our workers the skills they need to compete... Part of this goal will be met by helping Americans better afford a college education. But part of it will also be strengthening our network of community colleges..." [more inside]
posted by kliuless on Jul 12, 2009 - 62 comments

Paul Romer: A Theory of History, with an Application - "His economic theory of history explains phenomena such as the constant improvement of the human standard of living by looking primarily at just two forms of innovative ideas: technology and rules." (previously, via) [more inside]
posted by kliuless on Jul 3, 2009 - 11 comments

Monarchy vs. Democracy: "Was the change from monarchy to democracy a step backwards? In practical terms, there is no question: democracy has had tremendously bad effects compared to monarchy." [more inside]
posted by Marisa Stole the Precious Thing on Jun 26, 2009 - 110 comments

Prelude to Federation - Like a neocolonial SEZ (or TAZ) Paul Romer, not to be confused with David, posits "less developed countries contract with capitalist nations to set up Hong Kong's for them... that we rethink sovereignty (respect borders, but maybe import administrative control); rethink citizenship (support residency, but maybe import voice in political affairs); and rethink scale (instead of focusing on nations, focus on cities—on city states like Hong Kong and Singapore)." cf. neocameralism [1, 2, 3] [more inside]
posted by kliuless on May 21, 2009 - 16 comments

The second most powerful United States Senator admits, "And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place." [more inside]
posted by Joe Beese on Apr 30, 2009 - 55 comments

Keynes & Marx thought "that productivity would grow sufficiently to allow our needs to be met with very little labour," and that humankind's biggest preoccupation in the future would be leading lives of comfortable (or comparative) leisure. Obviously, that has not yet come to pass. But why?** Yochai Benkler (previously), for one, is working on it... [more inside]
posted by kliuless on Apr 25, 2009 - 37 comments

Quit Lying About Roosevelt! "Amity Shlaes, the GOP's Great Depression philosopher-queen, couldn't be more dangerously wrong." [Via]
posted by homunculus on Mar 9, 2009 - 36 comments

The Axis of Upheaval: A special report on the coming age of instability.
posted by homunculus on Feb 21, 2009 - 61 comments

The Bad Bank Assets Proposal: Even Worse Than You Imagined -- the administration appears intent on building another black swan. This is political capitalism. [via]
posted by kliuless on Feb 4, 2009 - 103 comments

President Obama's plan for American Recovery and Reinvestment [pdf] might be thought of as TARP round two [1,2] -- instead of hiding the bodies, this one's preparing the ground for a big tent or the economic equivalent of war. There are critics and detractors (cramdown nation ;) left and right, natch, but also conservative supporters and progressive defenders to save or create three four million jobs; hooray! [more inside]
posted by kliuless on Jan 11, 2009 - 51 comments

Depression 2009: What would it look like? "Lines at the ER, a television boom, emptying suburbs. A catastrophic economic downturn would feel nothing like the last one." [Via]
posted by homunculus on Nov 21, 2008 - 48 comments

Adam Smith in Beijing Embedded Flash film 1hr59mins "Is US power in decline? What are we to make of the rise of China? Will a possible equalization of North-South relations herald a more brutal capitalism or a better world? Giovanni Arrighi, Joel Andreas, and David Harvey give their perspectives in this forum, for a discussion of Arrighi's 2007 book Adam Smith in Beijing. The event, filmed in Baltimore, MD, in March of 2008, was organized by the Red Emma's collective."
posted by Abiezer on Nov 9, 2008 - 10 comments

"The Vital Triangle: China, the United States, and the Middle East"- seeking to understand the effects of the China-Middle East relationship on the United States, the U.S. Middle East relationship on China, and the Sino-American relationship on the Middle East. Book excerpts (Chapter 1) (Chapter 3). Interview with Jon Alterman, co-author. Via the very useful SUSRIS.
posted by Burhanistan on Oct 20, 2008 - 4 comments

The algae problem was taken care of. But the smog is the worst it's been in several months. All kidding aside, is China the next world superpower? Maybe, maybe not. [more inside]
posted by Cool Papa Bell on Jul 28, 2008 - 68 comments

Andy Grove on Our Electric Future - "Energy independence [viz.] is the wrong goal. Here is a plan Americans can stick to." Perhaps some infrastructure spending^1,2 is in order? [etc., &c., cf.] [more inside]
posted by kliuless on Jul 15, 2008 - 14 comments

Women's rights: What's in it for men? - "Women in rich countries largely enjoy gender equality while those in poor countries suffer substantial discrimination. This column proposes an explanation for the relationship between economic development and female empowerment that emphasises changes in the incentives males face rather than shifts in moral sentiment. Technological change that raises demand for human capital may give men a stake in women's rights." [more inside]
posted by kliuless on Jun 29, 2008 - 29 comments

Kiki and Bubu! Austrian art collective monochrom presents the adventures of two sock puppets. Part One: Kiki and Bubu and The Shift. "Bubu wants to know why his dad is busy all the time. And Kiki explains him why... because of the neoliberal shift." Part Two: Kiki and Bubu and The Privilege. "Bubu ran into a bunch of liberals and they gave him a book. They said if he doesn't read it, they're going to beat him up. But Bubu can't read! And so Kiki helps..." [Via BB]
posted by homunculus on Jun 7, 2008 - 6 comments

"The Coming Collapse of the Middle Class" [more inside]
posted by kliuless on May 1, 2008 - 98 comments

An unprecedented five consecutive years of stagnant funding for the National Institutes of Health is putting America at risk - a few prominent research institutions get together to voice their concern over flat funding of the National Institutes of Health over the past 5 years, in their report The Broken Pipeline (pdf). Bloggers comment [1, 2, 3].
posted by Gyan on Mar 14, 2008 - 40 comments

Mythbusting Canadian Health Care, Part I. Part II: Debunking the Free Marketeers. [Via Orcinus.]
posted by homunculus on Feb 13, 2008 - 227 comments

Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University have compared the recent US subprime mortgage crisis with five downturns in industrialized economies in the past 30 years in their brief paper, Is the 2007 U.S. Sub-Prime Financial Crisis So Different? (pdf). Their conclusion: “given the severity of most crisis indicators in the run-up to its 2007 financial crisis, the United States should consider itself quite fortunate if its downturn ends up being a relatively short and mild one.” Summarized, with some data and charts, here. Via.
posted by ibmcginty on Feb 9, 2008 - 19 comments

Waving Goodbye to Hegemony. "Just a few years ago, America’s hold on global power seemed unshakable. But a lot has changed while we’ve been in Iraq — and the next president is going to be dealing with not only a triumphant China and a retooled Europe but also the quiet rise of a 'second world.'" [Via The Washington Note.]
posted by homunculus on Jan 27, 2008 - 63 comments

The Rise of China and the Future of the West: Can the Liberal System Survive? "China's rise will inevitably bring the United States' unipolar moment to an end. But that does not necessarily mean a violent power struggle or the overthrow of the Western system. The U.S.-led international order can remain dominant even while integrating a more powerful China -- but only if Washington sets about strengthening that liberal order now." [more inside]
posted by homunculus on Dec 29, 2007 - 29 comments

The dangers of living in a zero-sum world economy - naked capitalism reprints (with added commentary) an FT article by Martin Wolf on why it's vital for (civilised) society to sustain a 'positive-sum' world, otherwise: "A zero-sum economy leads, inevitably, to repression at home and plunder abroad." Wolf's solution? "The condition for success is successful investment in human ingenuity." Of course! Some are calling for more socialism, while others would press on to build more megaprojects. For me, at least part of the solution lies in environmental accounting and natural capitalism :P
posted by kliuless on Dec 19, 2007 - 42 comments

Countdown to a Meltdown : long but fascinating speculative retrospective on the causes and impact of the 2009-2016 economic collapse. [via Marshall Brain]
posted by pheideaux on Nov 25, 2007 - 73 comments

"Here is what makes the rise of supply-side ideology even more baffling. One might expect that a radical ideology that successfully passed itself off as a sophisticated new doctrine would at least have the benefit of smooth, reassuring, intellectual front men, men whose very bearing could attest to the new doctrine's eminent good sense and mainstream bona fides. Yet, if you look at its two most eminent authors, good sense is not the impression you get. Let me put this delicately. No, on second thought, let me put it straightforwardly: They are deranged." Feast of the Wingnuts - How economic crackpots devoured American politics, by Jonathan Chait. Counterlink: Arthur B. Laffer explains his curve.
posted by Kattullus on Sep 5, 2007 - 41 comments

Everything I Want to Do Is Illegal by Joel Salatin. This Saturday will mark this article's four year anniversary. Frankly, I was mildly surprised not to have found it mentioned before in MeFi. It's a good read about a sad state of affairs; how our government is turning its own people into outlaws, because freedom has been traded in for an illusion of security. ...but then we already knew that. Don't we?
posted by ZachsMind on Aug 29, 2007 - 110 comments

"Dictatorships are not hamstrung by the preferences of voters for, say, a pervasive welfare state," says Kevin Hassett of the American Enterprise Institute. Unless we abandon welfare programs, he suggests, the free world might be overwhelmed by the staggering efficiency of free-market totalitarianism. Is it just me, or have conservatives been waxing poetic about the benefits of dictatorship lately?
posted by verb on Jun 1, 2007 - 94 comments

Clean water is a right: "The United Nations Development Programme (UNDP) published its annual report on human development. It denounces the world's complacent disregard for such unglamorous subjects as standpipes, latrines and the 1.8m children who die each year from diarrhoea because the authorities cannot keep their drinking water separate from their faeces. The study is both coldly analytical and angry..."
posted by kliuless on Nov 24, 2006 - 18 comments

Thomas Friedman:

The First Law of Petropolitics, in short, argues that the price of oil and the pace of freedom operate in an inverse correlation. As the price of oil goes up in what I call petroauthoritarian states—like Iran, Sudan, Venezuela—the pace of freedom goes down. These regimes can afford to be less responsive to their people and outside pressure. And as the price of oil goes down, the pace of freedom goes up because these regimes have to open up to the world if they want to deliver for their people, and they have to empower their people more.

But how to lower oil prices and help freedom on its proverbial march? Many, from Alan Greenspan to Andrew Sullivan to Ray Magliozzi from Car Talk think the answer may be to . . . raise the gas tax? The Pigou Club is an ever-updated list of economists, politicians and others who have advocated Pigouvian (or is it Pigovian?) taxes to not only lower oil prices, but reduce greenhouse gases, fix the federal deficit and strengthen our national security. Though some remain more than a little hesitant to jump on the bandwagon and others remain skeptical that the movement is anything more than "just talk," this could be an idea whose time has come, especially since the gas tax isn't as regressive one would think.
posted by joshuaconner on Oct 25, 2006 - 57 comments

As Labor Day 2006 winds to a close, America's long & twisted history with Organized Labor seems to never come to rest on any one side of the fence, opinion wise. While we hate the idea of the evil CEO crushing the employees underfoot, there's something profoundly un-American about bolshevikism. This excellent collection of political cartoons from Life Magazine from the early decades of the 20th Century explores both sides of the debate, reminding us at the end of the day that nobody loves a fat man.
posted by jonson on Sep 4, 2006 - 21 comments

The Wealth of Networks. Yochai Benkler is a Professor of Law at Yale Law School. A few years ago he wrote one of the seminal papers on Commons-based production, Coase's Penguin, or Linux and the Nature of the Firm. Now he has a new book - The Wealth of Networks: How Social Production Transforms Markets and Freedom. You can buy it, download it or add to it.
posted by scalefree on Apr 16, 2006 - 6 comments

The avuncular state - "A smarter, softer kind of paternalism is coming into style"
posted by Gyan on Apr 12, 2006 - 9 comments

President Bush on the state of the US Economy, including a discussion of the national debt and rising global interest rates, from today's news conference.
posted by alms on Mar 21, 2006 - 100 comments

Economist Steven Levitt, author of Freakonomics, has long posited a controversial thesis that legalized abortion help reduced crime, by reducing unwanted children, prone to crime. However, a new paper argues that Levitt (& Donohue) made serious errors in their research. Properly analysed, abortion has no significant effect on crime. Levitt disagrees, of course.
posted by daksya on Dec 4, 2005 - 46 comments

The Utopian Nightmare : "What is utopianism? It is promising more than you can deliver. It is seeing an easy and sudden answer to long-standing, complex problems. It is trying to solve everything at once through an administrative apparatus headed by “world leaders.” It places too much faith in altruistic cooperation and underestimates self-seeking behavior and conflict. It is expecting great things from schemes designed at the top, but doing nothing to solve the bigger problems at the bottom." Also, be sure to check out the the 16 ideas, values and institutions that may not be with us 35 years from now written by a variety of interesting people and compiled as part of Foreign Policy's 35th anniversary (although not all are free or available without registration).
posted by loquax on Aug 31, 2005 - 23 comments

What if we can't afford to save the world? An interesting debate between Sierra Club’s Carl Pope and the outspoken Bjørn Lomborg. (The “saving the world” bit might seem like hyperbole, but the really interesting question this debate sparks for me is this: Hypothetically, if it really came down to it, would anyone be willing to save the world for free? And if not, what does that imply about our values system and personal priorities? What does it say about the practical utility and limitations of monetary-based economic systems?
posted by all-seeing eye dog on Jul 28, 2005 - 55 comments

Embracing Illegals: Companies are getting hooked on the buying power of 11 million undocumented immigrants - The Underground Labor Force Is Rising To The Surface [pdf]
posted by kliuless on Jul 11, 2005 - 30 comments

Foreign Exchange TV with Fareed Zakaria - I'd heard about it, but thought it was only showing on OPB; checked again and lo and behold all the episodes are online! Watched a couple episodes so far; they're pretty good, esp if you're into foreign policy and stuff :D
posted by kliuless on May 26, 2005 - 4 comments