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Home / Tag Archives: U.S. Policy

Tag Archives: U.S. Policy

The false promise and bitter fruit of Neoliberalism: political economic disembedding, cultural transformation, and the rise of proto-fascist politics

Neoliberalism is a political economic philosophy that consists of two claims, one economic and the other political. The economic claim is free market laissez-faire economies are the best way to organize economic activity as they generate efficient outcomes that maximize well-being. The political claim is free market economic arrangements promote individual liberty. This paper argues […]

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Sabotaging Germany, blaming Russia: another view of the Nord Stream pipeline attack

Imagine Moscow was nuked yesterday, and this morning The New York Times ran a frontpage headline “Moscow nuked: Russia proves its hostility to Europe again”. Sounds pretty crazy? Yet, in a manner of speaking, that is what happened last week. On Tuesday September 27th three major leaks caused by undersea explosions were discovered in the […]

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How the West betrayed Mikhail Gorbachev and seeded the Ukraine conflict

Mikhail Gorbachev died on August 30, 2022. Since then, praises have flowed from Western leaders. Those praises obscure how the West betrayed Gorbachev after he fell from power, and how that betrayal seeded the Ukraine conflict. The story is complicated because Gorbachev’s fall was triggered by Communist Party hardliners, so the troubles which befell Russia […]

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Theorizing dollar hegemony, Part 1: the political economic foundations of exorbitant privilege

This paper explores dollar hegemony, emphasizing it is a fundamentally political economic phenomenon. Dollar hegemony rests on the economic, military, and international political power of the US and is manifested through market forces. The paper argues there have been two eras of dollar hegemony which were marked by different models. Dollar hegemony 1.0 corresponded to […]

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Neoliberalism and the Road to Inequality and Stagnation: A Chronicle Foretold

My latest book has recently been published by Edward Elgar. The book explores the impact of neoliberal policies on the US, Europe, and the global economy. It shows how the 2008 financial crisis and Great Recession were predictable outcomes of the neoliberal policy experiment, as is the emergence of global “race to the bottom” competition. […]

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American Exceptionalism and the Liberal Menace: the US and Ukraine

American exceptionalism is the most dangerous doctrine in the world, and it has been on full display in the current Ukraine crisis. Worse yet, the loudest advocates have been America’s elite liberal class. The doctrine of exceptionalism holds that the US is inherently different from and superior to other nations. That superiority means the US […]

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A crisis made in the USA: why Russia will likely invade Ukraine

Preamble. Living in the US and writing honestly about US-Russia relations (and China too) is very difficult. That is because the US is the aggressor, but Russia is an authoritarian country. That split is used by the US establishment to shuffle discussion away from US aggression on to Russian authoritarianism. Side-by-side, anyone calling the US […]

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Federal Reserve Insider Dealing? R.I.P. Central Bank Independence

Federal Reserve Vice-Chair Richard Clarida has shot himself in the foot with what appears to be insider trading. That comes on the heels of prior concerns about inappropriate trading by regional Federal Reserve Bank Presidents Robert Kaplan and Eric Rosengren. Albeit unintentionally, the good news is these indiscretions may have done working families a favor […]

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