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Globalization and the American Dream
Globalization and the American Dream “… America is a new kind of society that produces a new kind of human being. That human being – confident, self-reliant, tolerant, generous, future-oriented – is a vast improvement over the wretched, servile, fatalistic and intolerant human being that traditional societies have always produced.” — Dinesh D’Souza, What’s So Great […]
Faith in Big Trade Deals Keeps Crumbling
Faith in Big Trade Deals Keeps Crumbling Are we witnessing the beginning of the end of globalization? ‘Bad deal’: French trade minister Matthias Fekl said his country is likely to drop TTIP talks after leaks that US wants lower labour and environmental standards. At the height of the battle over the Canada-US Free Trade Agreement in the […]
The Future of Geopolitics and Energy Markets
The Future of Geopolitics and Energy Markets Energy prices and geopolitics have been interconnected since the beginning of the twentieth century, but expanded globalization, increased industrialization, and booming fossil fuel supplies have made this relationship increasingly brittle. The political actions of energy-producing states such as Saudi Arabia, Russia, Iran, and the United States impact energy prices. Conversely, […]
Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption
Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington. It details the secretive world of the dark money groups representing mercenary hedge funds in their insatiable […]
The Destabilizing Consequences of Globalization
The Destabilizing Consequences of Globalization Gordon T. Long and I discuss the failure of the status quo’s “New Normal” in a new 34-minute YouTube program. It is not possible to coherently discuss the “New Normal” economy without discussing financialization–the substitution of credit expansion and speculation for productive investments in the real economy–and its sibling: globalization. Globalization is […]
Is Globalization Really Fueling Populism?
Is Globalization Really Fueling Populism? BRUSSELS – On both sides of the Atlantic, populism of the left and the right is on the rise. Its most visible standard-bearer in the United States is Donald Trump, the Republican Party’s presumptive presidential nominee. In Europe, there are many strands – from Spain’s leftist Podemos party to France’s right-wing […]
Rotten to the Core
Rotten to the Core Poison Money BALTIMORE – We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear “normal,” the economy staggers on. Staggering on…. Image credit: David Sidmond Last week, we gained […]
The End of Globalization?
The End of Globalization? BRUSSELS – China has just announced that last year, for the first time since it began opening up its economy to the world at the end of the 1970s, exports declined on an annual basis. And that is not all; in value terms, global trade declined in 2015. The obvious question […]
Why Globalization Reaches Limits
Why Globalization Reaches Limits We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. Figure 1. Ratio of Imported Goods and Services to GDP. Based in FRED data for IMPGS. Each time imported goods and services start to surge as a percentage of […]
Central Bank Soap Opera Hides Financial Globalization
Central Bank Soap Opera Hides Financial Globalization Stock markets suspect Federal Reserve has interest rate jitters … Hints that the Fed won’t raise interest rates in March are proving to be good news for miners and oil producers’ share prices The Federal Reserve’s William Dudley said further strengthening in the dollar could have ‘significant consequences’ […]
Welcome to the Twenty-First Century
Welcome to the Twenty-First Century BERLIN – The start of 2016 has been anything but calm. Falling equity prices in China have destabilized markets worldwide. Emerging economies seem to have stalled. The price of oil has plunged, pushing petroleum producers into crisis. North Korea is flexing its nuclear muscles. And in Europe, the ongoing refugee […]
TPP a Gift to Plutocrats? Canada’s Trade Minister Wrote the Book on Them
TPP a Gift to Plutocrats? Canada’s Trade Minister Wrote the Book on Them As journalist, Chrystia Freeland chronicled global wealth dividers. Chrystia Freeland’s financial journalist credentials made her a star candidate for the Liberals. Photo: Joseph Morris. Creative commons licensed. Canada’s new trade minister has sitting on her desk the sweeping Trans-Pacific Partnership, a deal some […]
Nicole Foss presents: Challenge and Choices
Nicole Foss presents: Challenge and Choices Nicole Foss: After more than 30 years of exponential growth, gargantuan resource demand and increasingly frenetic consumption, we have now reached, or are reaching, an array of limits to growth. During our long, debt-fuelled boom, we reached out spatially through globalisation to monetise as much global production as possible, in […]
The Fed Induced Farce
The Fed Induced Farce The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history. Evidently the Wall Street titans of greed have […]
Globalization and Terror
Globalization and Terror For people in the modern world, there may be nothing more difficult to comprehend than the group calling itself the Islamic State, or ISIS. The beheadings, rapes, and other acts of cruelty seem beyond understanding, as does the wanton destruction of priceless ancient monuments. Perhaps most mystifying of all is the way […]
