To think that forty years ago it was exotic to buy a TV made in Japan… The sea change in manufacturing and global trade is a much more complicated process than the discussion usually considers. The Atlantic has a balanced and detailed look from at the process from the point of view of workers and manufacturers. .
Category Archives: Economics
Timing is everything
Jobs would be good. Stimulus would be good. However, doing it earlier, when he had a Democratic majority in Congress would have been better..
In the streets of London
Looting is bad, just to say the obvious, but it’s hard not to think of all that has unfolded this year in Tunisia, Egypt, Libya, Syria, et. al. while looking at reports of the London riots. You could certainly say that there are no similarities, that it’s pure avarice, criminality, and there are no lessons to be learned, but I would say that there are a lot of people who are angry–at the police, at the lack of opportunity, at being tantalized by the glossy consumable world. Are we going to address that?
In the aftermath of the near collapse of the world economy, it seems unlikely that the Republicans are so disconnected from reality that they are going to play chicken with the debt ceiling. Tim Geithner has laid out the clear and stark consequences in a letter to Republican Senators. Think it’ll work?