The crisis of hyperglobalization finally arrived. For several decades, the world had been governed by one idea: that more trade, more deregulation and more global capital mobility would automatically lead to prosperity. In the report “Out of the Ashes into the Fire,” Stefan de Vylder calls the period from 1980 to 2016 the era of hyperglobalization – an era in which the economy became increasingly…
Category: Donald Trump
Saving the world starts with local protests
How do we save democracy, world peace, the climate and nature? Democracy wins the people and vulnerable groups through local protests historically. If they are of sufficient public interest, they spread. Today's capital is built on fragile international systems such as just-in-time. These are very sensitive to disruptions. If local protests spread, this could have a major effect. Could red-green…
The Mother of Bubbles 2025 – a comment on Cervenka
The mother of bubbles – but what is the basis? Economic journalist Andreas Cervenka accurately points to the risk of a Mother of Bubbles in 2025 after the US AI fever in 2024. The stock market is run by a few companies such as Apple and Nvidia. The "mother of all bubbles" is starting to be warned about, and history teaches us that bubbles burst sooner or later. Often every eight years…
Harris and Walz: A Struggle for Equality and Rights in an Unequal America
Kamala Harris and Tim Walz face a challenging but possible path to electoral victory in the upcoming US presidential election. Donald Trump polarizes and appeals to an increasingly extreme right-wing base. Harris and Walz instead direct their focus to the rampant inequality in the country. This issue affects millions of Americans. They find it difficult to afford…
RFK is problematic
RFK is problematic. Trump has influenced RFK Jr.'s campaign. New data suggests strong ties between RFK Junior's campaign and Trump, possibly to divert votes from Biden. Rita Palma, RFK Junior's New York state director, openly said that having Kennedy on the ballot could undermine Biden's chances, favoring Trump in the historically Democratic state….
Why are Americans so dissatisfied and Trump-positive despite a good labor market
Why are Americans so unhappy? High costs create dissatisfaction in the US despite positive economic news during the Biden administration according to Robert Reich. Reich was the former Democratic Labor Secretary in the United States Expensive housing, food prices and child care Despite positive economic indications, including growth of 3.3 percent in the last quarter of 2023 and an unemployment rate of 3.7 percent,…
The truth about immigration
A conservative view is that a country can either have a sustainable welfare state or high levels of immigration. But that view is wrong. The fact is that we can achieve both a well-functioning welfare state and increased immigration. By using progressive taxes and government deficits to invest in making everyone in society feel good…
Low popularity of benefactor Biden
President Biden has achieved a lot on the economy - especially falling inflation and a great many more jobs. Biden has also won several legislative victories. These will limit the rise in prescription drug prices, expand care options for veterans, slow climate change and rebuild the nation's infrastructure. Still, his popularity ratings are among the lowest in American history except for those of Trump…
Anti-democrats on the rise among the Republicans in the USA
The clear path of Trump's star in the sky is not as obvious. But the Republican presidential candidates who will probably become the new stars are at least equally against democracy and the rule of law. Read Robert Reich's analysis here. My thinking is that if we are to reduce the threats from these anti-democrats, we must get rid of neoliberalism, austerity policies and save-in-the-barns. These…
Trickle-down economics has reached the end of the road
Comedian Jonathan Pie shows with pinpoint brilliance in the video below how Trickle-down economics with his mantra: "Help the rich! Punish the poor!” not working. Trickle-down economics does not build a strong economy nor a strong welfare. Put simply, it leads to a very difficult existence for those who have the least. Even many high achievers…