The global economy is being recast in America’s image. Do American economic planners really know what’s best for the rest of the world?
America and the World
Posted inAmerica and the World
Did the U.S. Military Plan a Nuclear First Strike for 1963?
Recently declassified information shows that the military presented President Kennedy with a plan for a surprise nuclear attack on the Soviet Union in the early 1960s.
Posted inAmerica and the World
The Global Hiring Hall: Why We Need Worldwide Labor Standards
Years ago we decided to banish child labor within our borders. Will such standards now be extended to the global economy — or abandoned entirely?
Posted inAmerica and the World
Spheres of Affluence
The fantasy of free trade still commands broad allegiance despite mounting evidence that it’s not optimal for either economic growth or national interest.
Posted inAmerica and the World
Altered States
The globalized economy disarms the nation-state. We need a blend of familiar Keynesian insights and new institutions.
Posted inAmerica and the World
Going South
NAFTA defenders say Mexico can’t lure high-wage jobs away, but they are already heading across the border — and the treaty will only make matters worse.
Posted inAmerica and the World
Do Europeans Do It Better?
We can learn a lot from European labor policy, but beware naive Sweden-envy.
Posted inAmerica and the World
Privatization in Eastern Europe: The Tunnel at the End of the Light
I n the former Soviet empire, the collapse of Communism created an opportunity for the victims of one failed utopian ideology to find another. The evaporating Soviet system left an ideological vacuum that was quickly filled as legions of Western advisers arrived to help translate the goals of political democracy and a market economy into […]
Posted inAmerica and the World
Beyond Shock Therapy: Why Eastern Europe’s Recovery Starts in Washington
Laissez faire was planned. —Karl Polanyi, The Great Transformation,1944 T he collapse of Communism in Eastern Europe demonstrated the failure of a command economy. The subsequent crash in output and employment induced by “shock therapy” has suggested the limits of laissez faire. Rather than replace the excesses of communism with excesses of capitalism, it is […]
