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Deindustrialization

Casinos Fail Old Industrial Towns

Peter Van Buren | Posted 11.14.2014 | Business
Peter Van Buren

Only a generation ago, Bethlehem, Pennsylvania had a steel mill employing tens of thousands of people at good wages. The typical casino worker today in Bethlehem makes $10-12 an hour. Many are part-time.

First World, Third World: A Travel Essay

Peter Van Buren | Posted 12.06.2014 | Politics
Peter Van Buren

You are all potential terrorists and will be treated as such. Here's half a Diet Coke as a reward for being compliant.

Lessons From 20 Years of NAFTA

Stan Sorscher | Posted 03.08.2014 | Politics
Stan Sorscher

NAFTA and numerous subsequent trade deals perform very well for investors and global businesses, while leaving most workers and communities at a disadvantage. The NAFTA model has failed.

The 4 (or 5) Worst Market Failures in Human History

Stan Sorscher | Posted 11.04.2013 | Business
Stan Sorscher

A familiar mantra of capitalism guides me: Markets are powerful and efficient. But I'm also a realist, so I temper that mantra: Markets are powerful and efficient. And markets fail. However, American economists turn their heads away at the mention of it, because it sounds like heresy.

Going Beyond the President's Manufacturing Strategy

David Coates | Posted 04.27.2013 | Politics
David Coates

We need active industrial and social policy on an ambitious scale if we are ever to put this economy back onto the high-investment, high-wage growth trajectory from which the Reagan years took us away.

So-Called Free Trade -- Bad Policy and Wrong Debate

Stan Sorscher | Posted 08.18.2012 | Business
Stan Sorscher

Free speech, free press and labor standards are notoriously weak in China. China has a rich history and amazing culture. However, they lack the institutions of civil society for democratic debate about serious policy issues. This harms workers and producers in America.

Curtains For The U.S. Military Industrial Base?

Ian Fletcher | Posted 01.22.2012 | Business
Ian Fletcher

The failure of the so-called super committee to agree on other spending cuts has finally brought the axe down on U.S. defense spending, and it's really going to hurt this time.

Trade Policy: Countering the Walmart Effect

David Coates | Posted 12.12.2011 | Politics
David Coates

Our current trade imbalance with China will not be fixed by currency manipulation alone, because American economic vulnerability is not rooted simply in the relative strength of the dollar.

The American Manufacturing Crisis and Why it Matters

Ian Fletcher | Posted 07.26.2011 | Business
Ian Fletcher

Our trade deficit is going to be balanced, the hard way or the easy way, eventually. And it will be essentially impossible for the U.S. to balance its trade without healthy manufacturing exports. Unless, of course, we are willing to reduce our standard of living.

The Manufacturing Rebound Is a Myth

Ian Fletcher | Posted 07.22.2011 | Business
Ian Fletcher

Talk of a manufacturing revival is in the air. America has, in fact, gained a quarter-million industrial jobs since the start of 2010. Unfortunately, this is less than 15 percent of the number lost during the recession.

Decline of U.S. Manufacturing: Factory Body Count and Epitaphs

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

The ongoing decline of American manufacturing is not an abstraction. Over the past decade, the United States has lost 53,224 factories.

Priming a Broken Pump

Stan Sorscher | Posted 05.25.2011 | Business
Stan Sorscher

Imagine a bucket is our economy. The stimulus is the water poured into the bucket. The holes in the bucket are leakage into the global economy. We pour water into the bucket, and the water leaks out, creating jobs in India, Brazil, and Finland.

The Death of the Postindustrial Dream

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Postindustrialism is now a blatantly dead letter, as the U.S. economy has ceased generating any net new jobs in internationally traded sectors of any kind: manufacturing or services, industrial or postindustrial.

Is the Opposite of Capitalism Democracy? A Review of Michael Moore's Capitalism: A Love Story

Anis Shivani | Posted 05.25.2011 | Business
Anis Shivani

Moore explicitly states that we ought to turn to democracy as the alternative to capitalism. But the opposite of capitalism is not democracy, it is socialism.