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Globalization’s Deadly Footprint
Globalization’s Deadly Footprint That pollution is bad for our health will come as a surprise to no one. That pollution kills at least 9 million people every year might. This is 16 percent of all deaths worldwide – 3 times more than AIDS, tuberculosis and malaria combined, and 15 times more than all wars and […]
Nine Reasons Why Globalization Can’t Be Permanent
Nine Reasons Why Globalization Can’t Be Permanent Since the late 1990s, globalization has seemed to be the great hope for the future. Now this great hope seems to be dimming. Globalization sets up conflict in the area of jobs. Countries around the world compete for development and jobs. If there is not enough cheap-to-produce energy to go […]
From Degrowth to De-Globalization
From Degrowth to De-Globalization By Jim Carter/Pixabay The rise of far-right globalization criticism requires a new role for the Degrowth movement. ‘Progressive De-Globalization‘ could be the counter-project that is urgently needed. After the German and Austrian elections, it becomes clear once more that the rise of the new far-right is not a temporary phenomenon. Neither […]
Regime Change and Globalization Fuel Europe’s Refugee and Migrant Crisis
Regime Change and Globalization Fuel Europe’s Refugee and Migrant Crisis Right-wing populists are exploiting the migration issue in both the United States and Europe, but dismissing their arguments would be a mistake. Instead, an honest assessment of the economic and regime-change policies that fuel migration is needed, reports Andrew Spannaus. Anti-establishment political forces in the […]
Beyond Cynicism: America Fumbles Towards Kafka’s Castle
Beyond Cynicism: America Fumbles Towards Kafka’s Castle On America’s ‘long emergency’ of recession, globalization, and identity politics. Credit: alisafarov/Shutterstock Nobody knows, from sea to shining sea, why we are having all this trouble with our republic. — Tom McGuane Can a people recover from an excursion into unreality? The USA’s sojourn into an alternative universe of […]
Globalization is Poverty
Globalization is Poverty Marc Riboud Zazou, painter of the EIffel Tower 1953Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy […]
Why Wages Have Lost Ground in the 21st Century
Why Wages Have Lost Ground in the 21st Century The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function. One of the enduring mysteries for conventional economists is why wages aren’t rising for the bottom 95% even as unemployment is low and hiring remains robust. According to classical economics, the limited supply […]
Jackson Hole and the Appalachians
Jackson Hole and the Appalachians Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937 The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip […]
The United States and The Race for Global Hegemony
The United States and The Race for Global Hegemony The previous article focused on the definition of an international order, globalization, geopolitical theories and how this has changed the notion with which a nation exercises control over a foreign country. In this second part I intend to examine the various geopolitical theories, their translations into modern concepts, […]
Geopolitics, Globalization and World Order
Geopolitics, Globalization and World Order Understanding the objectives and logic that accompany the expansion of nations or empires is always of paramount importance in helping one draw lessons for the future In this series of four articles I intend to lay a very detailed but easily understandable foundation for describing the mechanisms that drive great […]
Obstacles to Trump’s ‘Growth’ Plans
Obstacles to Trump’s ‘Growth’ Plans Theodor Horydczak “Dome of US Capitol through trees at night” 1943For the second time in a few weeks (see ‘End of Growth’ Sparks Wide Discontent), former British diplomat Alastair Crooke quotes me extensively, and I gladly return the favor. Crooke here attempts to list -some of- the difficulties Donald Trump will face in executing […]
Alastair Crooke: ‘End of Growth’ Sparks Wide Discontent
Alastair Crooke: ‘End of Growth’ Sparks Wide Discontent Notre Dame Gargoyle, Paris France, 19th century Former British diplomat and MI6 ‘ranking figure’ Alastair Crooke quotes my September 26 article “Why There is Trump” so extensively in this article for Consortium News that I thought I might as well post the whole thing here at the Automatic Earth too. […]
The IMF and All The Other Losers
The IMF and All The Other Losers Andre Kertesz Bumper cars at amusement park in Neuilly-sur-Seine, near Paris 1930I read a lot, been doing it for years, about finance and affiliated topics (a wide horizon of them), which means I’ve inevitably seen a wholesale lot of nonsense fly by. But for some reason, and I think I […]
This Isn’t Your Grandfather’s (1960s) Inflation Scare
March 14, 2018
This Isn’t Your Grandfather’s (1960s) Inflation Scare “This reminds me of the late 1960s when we experimented with low rates and fiscal stimulus to keep the economy at full employment and fund the Vietnam War. Today we don’t have a recession, let alone a war. We are setting the stage for accelerating inflation, just as […]
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