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Articles 1 - 6 of 6
Full-Text Articles in Political Economy
Explaining The Proliferation Of U.S. Billionaires During The Neoliberal Period, Rob Piper
Explaining The Proliferation Of U.S. Billionaires During The Neoliberal Period, Rob Piper
Class, Race and Corporate Power
This article explains the proliferation of U.S. billionaire wealth during the neoliberal period (1980 to the present). Using the work of scholars, investigative journalists, and government researchers, it examines descriptive evidence from the past forty years of the economic, social, and political trends associated with the capital accumulation that led to so much wealth being concentrated with so few individuals. It further creates a theoretical framework of institutional factors (or “drivers”) that help to understand how these trends link together to provide a comprehensive explanation for the increase of billionaires in comparison with other economic gauges like GDP, income distribution, …
The Iranian Crisis Of The 1970s-1980s And The Formation Of The Transnational Investment Bloc, Mazaher Koruzhde
The Iranian Crisis Of The 1970s-1980s And The Formation Of The Transnational Investment Bloc, Mazaher Koruzhde
Class, Race and Corporate Power
The events surrounding the Iranian Revolution in the 1970s and 198s significantly contributed to the formation and consolidation of a U.S-Saudi transnational investment bloc.
What The New Deal Can Teach Us About Winning A Green New Deal, Martin Hart-Landsberg
What The New Deal Can Teach Us About Winning A Green New Deal, Martin Hart-Landsberg
Class, Race and Corporate Power
Growing awareness of our ever-worsening climate crisis has boosted the popularity of movements calling for a Green New Deal. At present, the Green New Deal is a big tent idea, grounded to some extent by its identification with the original New Deal and emphasis on the need for strong state action to initiate system change on a massive scale. Given contemporary conditions, it is not surprising that people are looking back to the New Deal period for inspiration. However, inspiration is not the same as seeking and drawing useful organizing and strategic lessons from a study of the dynamics of …
It's Capitalism, Stupid!: The Theoretical And Political Limitations Of The Concept Of Neoliberalism, Bryant William Sculos
It's Capitalism, Stupid!: The Theoretical And Political Limitations Of The Concept Of Neoliberalism, Bryant William Sculos
Class, Race and Corporate Power
This polemical essay explores the meaning and function of the concept of neoliberalism, focusing on the serious theoretical and political limitations of the concept. The crux of the argument is that, for those interested in overcoming the exploitative and oppressively destructive elements of global capitalism, opposing "neoliberalism" (even if best understood as a process or a spectrum of "neoliberalization" or simply privatization) is both insufficient and potentially self-undermining. This article also goes into some detail on the issues of health care and climate change in relation to "neoliberalism" (both conceptually and the material processes and policies that this term refers …
Corporations, Associations And The State: The International Subsidy System For Film, Michael S. Wartenbe
Corporations, Associations And The State: The International Subsidy System For Film, Michael S. Wartenbe
Class, Race and Corporate Power
Rather than increasing competition in the market and decreasing government spending, neoliberalism has driven states to compete by appealing to transnational corporations. Direct subsidization to attract investment has become one of the most egregious normalization of this process, and Hollywood and the film industry have become some of the most active participants to this system. Indeed to have a functioning film industry, government subsidies are essential, commonly paying out up to a third of the production costs. Per employee these are some of the highest subsidy rates of any industry, and with most of the world participating, they offer little …
The Argentine Dilemma: “Vulture Funds” And The Risks Posed To Developing Economies, Mine Doyran
The Argentine Dilemma: “Vulture Funds” And The Risks Posed To Developing Economies, Mine Doyran
Class, Race and Corporate Power
Post-crisis Argentina is a case study of crisis management through debt restructuring. This article examines how Argentina negotiated the external debt in the wake of the sovereign default in December 2001 and now confronts challenges posed by holdout creditors—the so called “vulture funds”. It argues that debt restructuring has put a straitjacket on the national economy, making it virtually impossible for healthy growth short of a break with the international economic order. While Argentina has successfully restructured a $95 billion debt with an unprecedented “hair cut” (around 70% reduction in “net value of debt”), a sustainable growth appears out of …