unions

Increasing demand is key to growth in advanced economies. And that means higher wages are necessary. But the redistribution of national income toward capital over the past generation has undermined the capacity of ordinary households to…

It is not being widely discussed, but we suspect the wage settlement in Germany over the weekend is an important development. The agreement that covers 765k state government workers in Germany, represented by Verdi, reached a two-year deal…

Municipal bondholders have something else to worry about. If Occupy Wall Street has legs, and, if labor unions handcuff the protestors' agenda ("Major Unions Join Occupy Wall Street Protest" - New York Times, October 5, 2011), will that…

Some of the dominant policy issues of today – immigration, energy, the emergence of China – have their analogues in the great Industrial Revolution. The key government policies that laid the foundation for the Industrial Revolution in…

In this interview with Real News Network, Michael Hudson argues that opportunists are using this debt crisis as a grab bag to strip the state of its assets and collect those rents for their own private wealth accumulation. He says what’s…

Overall, we should credit Germany for building a recovery based not just on exports, but on capital investment and saving. One reason that Germany is a manufacturing and export powerhouse is because it has invested in those businesses.…