Mark Weisbrot
GET UPDATES FROM Mark Weisbrot

Mark Weisbrot is co-director of the Center for Economic and Policy Research in Washington, D.C. He received his Ph.D. in economics from the University of Michigan. He is co-author, with Dean Baker, of Social Security: The Phony Crisis (University of Chicago Press, 2000), and has written numerous research papers on economic policy.

He writes a column on economic and policy issues that is distributed to over 550 newspapers by McClatchy-Tribune Information Services. His opinion pieces have appeared in the Washington Post, the Los Angeles Times, the Boston Globe, and most major U.S. newspapers. He appears regularly on national and local television and radio programs. He is also president of Just Foreign Policy.

Blog Entries by Mark Weisbrot

Argentina and the Magic Soybean: The Commodity Export Boom That Wasn't

(13) Comments | Posted May 8, 2012 | 4:50 PM

One of the great myths about the Argentine economy that is repeated nearly every day is that the rapid growth of the Argentine economy during the past decade has been a "commodity export boom." For example, The New York Times reported last week: "Riding an export boom for...

Read Post

Eurozone Austerity Faces Increasing Political Challenges as Economy Worsens

(0) Comments | Posted April 30, 2012 | 6:08 PM

It has become a ritual: Every six months I debate the IMF at their annual meetings, most recently represented by their Deputy Director for Europe. It takes place in the same room of that giant greenhouse-looking World Bank building on 19th Street in Washington, D.C. And the IMF's...

Read Post

Argentina's Critics Get It Wrong Again

(14) Comments | Posted April 30, 2012 | 12:01 PM

The Argentine government's decision to re-nationalize its formerly state-owned oil and gas company, YPF, has been greeted with howls of outrage, threats, forecasts of rage and ruin, and a rude bit of name-calling in the international press.

We have heard all this before. When the Argentine government defaulted on its...

Read Post

Mélenchon Could Change French Politics With Strong Showing

(2) Comments | Posted April 16, 2012 | 7:13 PM

France's conservative president, Nicolas Sarkozy, ran for office in 2007 on a program of making the French economy more like that of the United States. He picked a bad time for that: the U.S. was on the brink of its worst recession since the Great Depression, and would help drag...

Read Post

Washington's Loss of Control Over World Bank Is a Big Historic Change

(3) Comments | Posted March 29, 2012 | 11:01 AM

The opening up of the contest for World Bank president is a historic change whose significance has not been fully appreciated. This is not surprising, given the widespread misunderstanding of the Bretton Woods institutions (the IMF and World Bank).

The IMF's loss of power over most middle-income countries,...

Read Post

Obama and Clinton Ignore Democrats' Pleas to Stop the Killing In Honduras

(22) Comments | Posted March 28, 2012 | 10:10 AM

Hondurans are still suffering from the effects of the June 2009 military coup that overthrew the democratically elected government of President Mel Zelaya. The coup has unleashed a wave of violence against political opposition, journalists, small farmers and others, with impunity for the security forces that have been...

Read Post

Brazil Could Have an Impact by Supporting Sachs' Reform Candidacy for the World Bank Presidency

(2) Comments | Posted March 15, 2012 | 5:16 PM

One of the most important changes that Lula da Silva brought to Brazil was in its foreign policy. As he has described it, prior administrations looked almost exclusively to the United States or Europe for their orientation in the world. But Lula saw that there was much to be gained...

Read Post

U.S. Government Still Not Ready for Democracy in Haiti

(9) Comments | Posted March 14, 2012 | 1:22 PM

When the "international community" blames Haiti for its political troubles, the underlying concept is usually that Haitians are not ready for democracy. But it is Washington that is not ready for democracy in Haiti.

Haitians have been ready for democracy for many decades. They were ready when they got massacred...

Read Post

IMF's Rhetoric Still Far from Its Policies

(0) Comments | Posted November 15, 2011 | 12:16 PM

As the International Monetary Fund (IMF) and World Bank gathered in Washington for their annual Spring Meetings, there was more talk about how much the IMF has changed. IMF Managing Director Dominique Strauss-Kahn quoted John Maynard Keynes in his speech on Wednesday at the Brookings Institution:

"The...

Read Post

U.S. "Diplomacy" Still Failing In Latin America

(3) Comments | Posted November 15, 2011 | 12:07 PM

Yesterday the United States expelled the Ambassador from Ecuador, in retaliation for Wednesday's expulsion of the U.S Ambassador from Ecuador. This now leaves the United States without ambassadorial relations in three South American countries -- Bolivia and Venezuela being the other two -- thus surpassing the Bush Administration in its...

Read Post

Congress Must Debate U.S. Going to War in Libya

(1) Comments | Posted November 15, 2011 | 11:17 AM

"The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation."

That was Sen. Barack Obama on December 20, 2007, opposing the idea that President Bush could bomb Iran without...

Read Post

The International Community Should Recognize Reality in Haiti

(1) Comments | Posted November 15, 2011 | 10:56 AM

Haiti's first democratically elected president, Jean-Bertrand Aristide, is scheduled to return to his homeland this week after seven years in exile in South Africa. He was overthrown - for the second time--in a 2004 coup organized by the United States and its allies. Washington has gone to great...

Read Post

Wisconsin Continues Right-Wing Structural Reforms That Have Transformed the United States

(101) Comments | Posted March 15, 2011 | 4:15 PM

With the latest turn of events in Wisconsin, Republican state senators have circumvented the need for a quorum vote on Scott Walker's budget bill by leaving out the fiscal clauses and passing the new laws curbing collective bargaining rights for state and public employees. This dubious tactical maneuver...

Read Post

Spain's Troubles Are Tied to Eurozone Policies

(0) Comments | Posted February 11, 2011 | 11:34 AM

It has become fashionable since Spain's economy began to decline to make comparisons to Germany, which is rebounding strongly. The idea is that the Germans went through their restructuring, got organized labor under control, and thereby made their economy more competitive. According to this narrative, this is the key to...

Read Post

Washington Can't Block Aristide's Return or Deny Haiti's Sovereignty

(9) Comments | Posted February 11, 2011 | 11:17 AM

In 1915 the U.S. Marines invaded Haiti, occupying the country until 1934. U.S. officials rewrote the Haitian constitution, and when the Haitian national assembly refused to ratify it, they dissolved the assembly. They then held a "referendum" in which about five percent of the electorate voted and approved the new...

Read Post

Yes, There Are Ways to Reduce Unemployment and Revive the Economy

(53) Comments | Posted February 11, 2011 | 9:58 AM

As President Obama begins the second half of his term with a campaign for "jobs and competitiveness," we would do well to consider how he might achieve these worthy goals. It is jobs that matter most to the vast majority of Americans, and unemployment remains at 9.4 percent -- about...

Read Post

Haiti Resists US Pressure; Announces Aristide Can Return

(1) Comments | Posted February 3, 2011 | 10:43 AM

It didn't get much attention in the media, but U.S. Secretary of State Hillary Clinton did something quite surprising on Sunday. After taping interviews on five big Sunday talk shows about Egypt, she then boarded a plane to Haiti. Yes, Haiti. The most impoverished country in the hemisphere, not exactly...

Read Post

Aristide Should Be Allowed to Return to Haiti

(2) Comments | Posted January 21, 2011 | 3:40 PM

Haiti's infamous dictator "Baby Doc" Duvalier, returned to his country this week, while the country's first elected President, Jean-Bertrand Aristide, is kept out. These two facts really say everything about Washington's policy toward Haiti, and our government's respect for democracy in that country and in the region.

Asked about the...

Read Post

U.S., France, Increase Pressure On Haiti to Accept Their Choices for Presidential Candidates

(4) Comments | Posted January 18, 2011 | 1:38 PM

As the infamous dictator Jean-Claude "Baby Doc" Duvalier returns to Haiti after 25 years in exile in the south of France, the U.S. State Department and the French Foreign Ministry have been ratcheting up the pressure on the impoverished, earthquake-destroyed, and cholera stricken country of Haiti.

The pressure...

Read Post

OAS Backs Illegitimate Election in Haiti in Which Three-Quarters of Haitians Didn't Vote

(1) Comments | Posted January 11, 2011 | 1:33 PM

What is it about Haiti that makes the "international community" think they have the right to decide the country's fate without the consent of the governed? Yes, Haiti is a poor country, but Haitians have fought very hard and lost many lives for the right to vote and elect a...

Read Post