Search Results for: Dean Baker

May 22 2015

Jeff Bezos’ Paper Assures Us System Isn’t Rigged for Amazon

Jeff Bezos

A Washington Post op-ed says that Borders bookstores didn’t close “because the economic system was rigged against ordinary Americans. They closed because technology brought us Amazon and the Kindle.”

May 13 2015

Some of David Brooks’ Best Friends Are Progressives–So Long as They Don’t Scare the Wealthy

Bill Clinton and Tony Blair

For political purposes, it is undoubtedly advantageous to imply that the “opportunity” progressives favored the market more than the “redistributionist progressives,” but it is not true.

May 05 2015

Calling TPP Foes ‘Simplistic,’ USA Today Simply Gets the Numbers Wrong

USA Today: New Trade Deal Triggers Angry, Fact-Free Uproar

USA Today told readers that unions “who blame trade, and trade agreements, for the decline in manufacturing jobs” have a “simplistic view.” But it’s USA Today, not the unions, who are being simplistic here.

Apr 30 2015

NYT Warns Greece Away From Argentina’s Seven-Year Boom

2011 anti-austerity protests in Greece (cc photo: Kotsolis/Wikimedia)

The notion of short-term pain for long-term gain can be made to look appalling in a case where it was almost certainly necessary, whereas a similar choice is widely applauded in the United States in a case where it almost certainly was not.

Apr 20 2015

The Washington Post’s Longstanding Contempt for People Who Work for a Living

As critics note, TPP has less to do with trade than it does  with strengthening protections for corporations like copyrights and patents.

The Washington Post has established itself over many decades as a major mouthpiece of elite opinion. Its editorial pages argue strongly for the interests of the wealthy, with scarcely concealed contempt for people who have to work for a living.

Apr 16 2015

Politicians Bragging About Exports While Ignoring Imports? That’s Just Gross

Auto assembly line (cc photo: Spencer Cooper)

Thirteen former Democratic governors urged Congress to approve fast-track trade authority to facilitate the passage of the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Pact (TTIP). The most newsworthy aspect of the letter is that the governors apparently do not understand the basic economics of trade.

Apr 09 2015

Three Fake Myths–and Two Actual Ones–About TPP Trade Pact

TPP nation leaders (photo: Chile)

The ultimate myth is that the Trans-Pacific Partnership is about anything other than corporate profits.

Mar 25 2015

The Case Against Raising Interest Rates Is Simple, Despite WaPo's Efforts to Confuse It

The question here is pretty simple, in spite of Robert Samuelson’s efforts to sow confusion. There is very little plausible benefit from raising interest rates and slowing the economy at a point where the economy is far below its potential by almost any measure.