Business & Economics

Corporate influence on trade agreements continues

By Bill Wiist
As in many other aspects of the global economy, corporations continue to exert inordinate influence over aspects of trade agreements that control life and death, and the rule of democracy particularly in low and middle-income countries. Corporations are able to disproportionately influence provisions of trade agreements to a far greater extent than public health, labor, other citizen representatives, and low-income countries. Corporations are allowed greater access to the trade agreement development process. For example, in the U.S. the memberships of the advisory committees to the

Occupy Wall Street: Why the rage?

Paul Woodruff
As thousands continue their march on Wall Street for a fifth straight week, an ancient story has much to tell us about the demands of justice.

The occupation of Wall Street is about a colossal failure of justice. When justice fails, anger grows into rage. And rage can tear a community into shreds. When a few people reap huge rewards they do not deserve, while others get nothing but insults — even though they have worked hard and been loyal to their workplace –- justice has failed. Bankers carry away huge bonuses, while more and more of the workers who do the heavy lifting are laid off.

Why labor warms to the Wall Street protests

By Joseph McCartin
As the Occupy Wall Street (OWS) movement gathers momentum in New York and around the country, one of its most interesting features has been the growing number of union members at the protests. For understandable reasons, unions have traditionally avoided close involvement with demonstrations as spontaneous as OWS.

Geography matters: The impact of austerity and the path to recovery

By Vassilis Monastiriotis
After fifteen years of fast growth and, by Greek standards, monumental achievements (from EMU accession in 2001 to winning the UEFA Championship in 2004), Greece has found itself at the aftermath of the global financial crisis of 2008/09 again at the epicentre of global attention. But this time the publicity is unintended and for all the wrong reasons.

What Occupy Wall Street stands for

By Elvin Lim
To understand the Occupy Wall Street movement, it is helpful to understand that it is the antithesis of the Tea Party movement, though for now, much smaller in scale. Occupy Wall Street protesters are, like the Tea Party protesters, disenchanted at the state of the economy, and impatient for solutions. But unlike their compatriots on the Right, their animus is directed at corporate America (Wall Street), not at government (Washington, DC).

The teal before the pink: ovarian cancer awareness month

By Gayle A. Sulik

September is National Ovarian Cancer Awareness Month. Will the White House be lighted in teal just as it’s been lighted in pink to commemorate National Breast Cancer Awareness Month? Will grocery stores line shelves with teal ribbon products? Will schools give out teal t-shirts or pins? Probably not. Pink has been the color of choice when it comes to cause support…

Some questions about the Great Sea

Situated at the intersection of Europe, Asia, and Africa, the Mediterranean Sea has been for millenia the place where religions, economies, and political systems met, clashed, influenced and absorbed one another. Ranging from prehistory to the 21st century, The Great Sea is above all the history of human interaction across a region that has brought together many of the great civilizations of antiquity as well as the rival empires of medieval and modern times.

From ‘safety net’ to ‘trampoline’: the reform of the welfare state

By Julie MacLeavy
In recent years, governments of both the right and left have been involved in debates over the best way to deliver public services. Whereas during the post-war period it was widely accepted that state provisioning of infrastructure, health, education and social services was the best way to ensure the well being of citizens, in the latter decades of the twentieth century the market was claimed to be a better way of delivering public goods and services because it was associated with competition, economic efficiency and consumer choice. Commitment to the market entailed a qualitative shift in welfare provision, whereby welfare was based less on a model in which the state counters the market and more on a model where the state serves the market.

That old centrist magic: Jonathan Stein responds to Jonathan Chait

In the New York Times Magazine, Jonathan Chait roiled the waters of progressive opinion by claiming that the left is a little delusional in its criticism of Obama for failing to do more to improve the economy. Accusing liberals and leftists of “magical thinking,” Chait wrote that the left overlooks a major obstacle Obama would have faced had he pursued a larger stimulus plan in early

Warren Buffett, Taxes, FICA and Social Security

By Edward Zelinsky
Warren Buffett has again called on Congress to raise federal taxes on affluent taxpayers. In an opinion piece in the New York Times, Mr. Buffett urged Congress to increase federal taxes on taxpayers with annual incomes greater than $1,000,000. As he has in the past, Mr. Buffett contrasted his effective tax rate with

Strikes low, unemployment high

By Joseph McCartin

As Americans celebrate Labor Day 2012, the movement whose struggles led to the creation of this national holiday – the union movement – arguably faces its most profound crisis since Congress declared this national holiday in 1894. Indeed with the labor market weakened by the Great Recession and unemployment stubbornly high according the just released

Ethiopia and the BBC: The politics of development assistance

By Peter Gill
In the course of 17 minutes, Newsnight managed to review six years’ worth of all that had gone wrong in Ethiopia, from post-election violence in 2005, to the intensified anti-insurgency operations in Somali Region after 2007, to more recent opposition complaints that their supporters were being deprived of international development assistance. To emphasise the British aid connection, the film concluded: ‘The purpose of development aid is to help Ethiopia on to its feet, to establish democracy, justice and the rule of law. The evidence we’ve gathered suggests it is failing.’

Philanthropic foundations and the public health agenda

By Bill Wiist
In 2009, there were 2,733 corporate foundations with assets of more than $10 billion and an annual donation of $2.5 billion. In that year foundations made grants of more than $38 billion of which $15.41 billion was from family foundations. In 2009, the 50 largest contributors to health donated more than $3 billion through almost 5,000 grants. The extent of corporate-based foundation funding in public health raises two critical questions for public health policy, research, and programming. First, should corporate-based foundations be setting the public health research and program agenda?

Feral capitalism hits the streets

By David Harvey

“Nihilistic and feral teenagers” the Daily Mail called them: the crazy youths from all walks of life who raced around the streets mindlessly and desperately hurling bricks, stones and bottles at the cops while looting here and setting bonfires there, leading the authorities on a merry chase of catch-as-catch-can as they tweeted their way from one strategic target to another.

A Facebook roundtable of the Left

Who said academics don’t know how to use social media? Corey Robin, author of The Reactionary Mind: Conservatism from Edmund Burke to Sarah Palin, has certainly proved them wrong. After reading this article by Glenn Greenwald, Robin turned to Facebook.

A call to reason

By Elvin Lim
America’s economy is not in crisis, but its political system is, or so thinks the S&P. The real problem, however, is not the political system per se, but its infection with populism.

Even though the S&P has downgraded the US’s credit rating, it did so from an exaggerated understanding of American politics based on its shrillness, and not its constitutional fundamentals. This is why on the first trading day after the downgrade, American bonds are still the place to go.