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Tag Archives: US Politics

Caleb Maupin — Russia, China & The White House: A Study in Bonapartism

When one section of the rich violently suppresses others, and takes dramatic action at the expense of other capitalists, this is what Marxists call “Bonapartism.”... Not Napoleon but Louis and The Party of Order. In recent American history, the key issue of division among America’s ruling elite has been how to combat the rise of Russia and China as competitors on the global stage. The rise of the Eurasian superpowers is something the billionaire monopolists who run the USA find...

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Rohan Grey and Nathan Tankus — Corporate Taxation in a Modern Monetary Economy: Legal History, Theory, Prospects

Abstract Corporate taxation is a perennially controversial topic in American politics. In fact, it may be the tax policy controversy that most Americans are aware of and even have an opinion about. Nevertheless, the purpose of corporate taxation is unclear in popular, or even for that matter, academic, discourse. In this paper we lay out and critically evaluate contemporary and historical corporate tax policy debates based on three common justifications for taxation: the “revenue”...

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Shannon Monnat and David L. Brown — How Despair Helped Drive Trump to Victory

Economic, social and health decline in the industrial Midwest may have been a major factor in the 2016 US presidential election, Monnat and Brown’s INET research finds, with people living in distressed areas swinging behind Trump in greater numbers. Trump performed well within these landscapes of despair – places that have borne the brunt of declines in manufacturing, mining, and related industries since the 1970s and are now struggling with opioids, disability, poor health, and family...

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Mike Whitney — Brennan and Clapper: Elder Statesmen or Serial Fabricators?

These investigations are taking place because powerful elites want to vilify an emerging geopolitical rival (Russia) and prevent Trump from normalizing relations with Moscow, not because there is any evidence of criminal wrongdoing. As the Intel analysts themselves acknowledge, there is no proof of criminal wrongdoing or any other wrongdoing for that matter. What there is, is a political agenda to discredit Trump and demonize Russia. That’s the fuel that is driving the present campaign....

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Steve Bannon — If America Doesn’t Thwart These Five Things, China Will Be a Hegemonic Power

“It said that the mercantilist, Confucianist, authoritative system of China is the victor over the Judeo-Christian, liberal democratic free-market West; that their system is better, and they go over how it is better and how they’ve beaten us,” [Steve Bannon] argued.He warned that there are five things that China is going to achieve in the next few years, and if America does not thwart them, “China will in fact be a hegemonic power.” They are:The rollout of fifth generation mobile technology...

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Richard D. Wolff — The Political Economy of Obama/Trump

US capitalism is again careening down blind alleys. Earlier it had crashed into the Great Depression from 1929 to 1933 before lurching into the New Deal. After 1945 it concentrated on rolling back the New Deal until it turned sharply to neoliberalism and “globalism” in the 1970s. That provided the comforting illusion of a few decades of “prosperous normalcy.” When the second major crash in 75 years hit in 2008, it exposed the debt-dependent reality of those decades. It also sent capitalism...

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Tyler Cowen — That was then, this is now, Soviet-Russian media subsidies edition

$100,000 is exactly the amount the Comintern gave in the 1920s to organize a campaign against John L. Lewis leading the mine union. No, I am not adjusting for inflation, so in real terms the sum in the 20s was much higher. The Comintern also gave at least $35,000 to start the Daily Worker, again that is a nominal figure from the 1920s. The American Communist Party received subsidies too. Many other communist subsidies, media and otherwise, remain hidden or at least uncertain....

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