What does the abnormally high contribution of profits to price growth mean for how policymakers should respond to the recent outbreak of inflation? It is unlikely that either the extent of corporate greed or even the power of corporations generally has increased during the past two years. Instead, the already-excessive power of corporations has been…
Category: economics
How Will Russia’s Attack on Ukraine Re-Align International Business Operations and Relationships?
John Micklethwait and Adrian Wooldridge think that the Russian attack on Ukraine will reorder capitalism and business in fundamental ways. Some highlights: This conflict could mark a lasting change in the way the world economy works — and the way we all live our lives, however far we are from the carnage in Eastern Europe….
Aid to corporations with dependent workers – Backbencher
Essential reading from Tim Noah on why welfare to full-time workers is really welfare to corporations and overpaid executives. The ingenuity of American corporations in finding ways not to reward work begins with keeping them the hell off the payroll. As Brandeis economist David Weil observed in his book The Fissured Workplace, the much-discussed “gig…
David Walker’s New Book America in 2040: Still a Superpower? a Pathway to Success
One of our favorite policy experts is former GAO head David Walker, and we highly recommend his new book, with contributions from Admiral Bill Owens and John Knubel. The book provides a “Wake-up Call” regarding what the international and domestic situation could look like for America in 2040 absent a change in course. It includes an overview…
What Adam Smith Knew About Trade Wars – WSJ
Member of Parliament Jesse Norman, one of the global leading lights on issues of corporate governance and economic policy, has a new book coming out next month about Adam Smith, and it was excerpted in the Wall Street Journal. What matters for [Adam] Smith isn’t the rhetoric of “free markets” but the reality of effective…
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