Deglobalization and its Discontents

Remarks to the 2019 Saudi Aramco Management Development Seminar There is currently a good deal of hysteria here in Washington about something called “authoritarianism” allegedly taking the offensive against democratic systems of government. A century…

The Capitalists Are Afraid

Capitalists seek to maximize profits and reduce the cost of labor. This sums up capitalism at its core. It is defined by these immutable objectives. It is not about democracy. It is not, as has been…

Can the American Economy Be Resurrected?

“Lenin said that capitalists would sell the Communists the rope to hang them. But as matters turned out, capitalists let China sell them the labor that served to hang American capitalism.” — Michael Hudson I…

What Globalism Did Was To Transfer The US Economy To China

The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing…