Trade

The Ever Given’s Blockage of the Suez Canal and World Trade showed the Downsides of Monopoly Capitalism

Southwest Harbor, Maine (Special to Informed Comment) – News media, maritime experts, and a curious public could hardly take their eyes off the Ever Given, the mega cargo ship as long as the Empire State Building is tall. Viewers were stunned to see the ship swung sideways to the canal and thus blocking transit in […]

Climate Crisis

With Yellen at Treasury, Can we Finally get a Progressive Carbon Tax?

The Conversation

By Rachel Kyte | – Janet Yellen is poised to be the next U.S. Treasury secretary, and her inbox will require every ounce of her vast experience to pilot the economy through a daunting confluence of challenges. How the U.S. manages the economic recovery from COVID-19, the financial risks from climate change and inequality together […]

China

How incompetent Boob Trump took down America and launched the Chinese Century

Juan Cole

Ann Arbor (Informed Comment) – The twentieth century was dubbed “the American Century” in 1941 by Time magazine publisher Henry Luce. Luce hoped that Americans would abandon their isolationism and seek international allies, joining against the Axis in WW II. It was then more wishful thinking on his part than reality, but his wish arguably […]

Banking

Top Ways British Trumpism, a.k.a “Brexit” Will make Britain Poorer and Weaker, but also more Muslim

Juan Cole

Ann Arbor (Informed Comment) – Boris Johnson’s government has achieved a relatively “hard Brexit” at the last minute, reaching a deal on its departure from the European Union. This is a triumph for British Trumpism, and it is no wonder that Trump himself was a cheerleader for it. It is economically a bad deal for […]

Banking

How the concentration of property rights within corporations has led to a rejection of democracy and a rise in inequality

British Policy and Politics

By Jean-Philippe Robé | – Jean-Philippe Robé discusses how multinational enterprises morphed into political organisations with global reach and power, but without the corresponding responsibilities. He argues that the concentration of property rights within corporations has led to the rejection of democracy as an ineffective system of government and to the rise in inequality. ( […]

China

China grows nearly 5%; Will historians look back at Trump’s disastrous Pandemic Response as the Moment Beijing Overtook the US?

Juan Cole

Ann Arbor (Informed Comment) – Even if Trump loses, he can go on screwing up the country for two and a half months thereafter, and it will take years to undo the damage he has done. Pandemics are the sort of thing you want to nip in the bud. If you let them go to […]

Donald Trump

How Trump brought us 11.1% Unemployment, lost Manufacturing Jobs, worsened Trade Deficits and Kowtowed to China

Juan Cole

Ann Arbor (Informed Comment) – Trump supporters often acknowledge that Trump’s personal style puts them off, but that they like his economic program. They agree that the trade deficit with China is too high and that the US should not let its manufacturing sector dwindle. The problem is that Trump’s rhetoric on those issues, like […]

China

GOP Death Cult Forbids Mandatory Masks, Keeping US in Crisis, as China Grows 3.2%

Juan Cole

Ann Arbor (Informed Comment) – Georgia governor Brian Kemp, one of the worst and most corrupt people in the world, is attempting to prevent municipalities in Georgia from fining people for refusing to wear masks to prevent the spread of the coronavirus. He is suing Atlanta over it. The question is not whether his obstructionism […]

Employment

The Fundamentalist Religion of the Market and COVID-19

Richard Foltz

Discussions on the role of religion in the contemporary world generally fail to take into consideration an argument advanced by David Loy more than twenty years ago: namely, that the dominant faith system practiced across the globe today is in fact that of so-called “free-market” capitalism, a self-serving ideology forcibly imposed by a worldwide plutocracy […]