Krugman takes on the old trope that “protectionism” — democracies using tariffs to protect wages and regulations from being undermined by the lower costs that a thugocracy offers — harms the world’s economy.
A new PR campaign in support of Trade Promotion Authority a.k.a. “Fast Track” and the Trans-Pacific Partnership (TPP) is launching. As its foundation are a set of misleading (at best) claims beginning with a Four-Pinocchio whopper.
If people understood the trade deficit and the harm it does, they would demand that our politicians do something to fix it. And if that happened great things would happen for working people and our economy.
A continuing trade deficit literally drains our economy, jobs, wages, factories, entire industries and our ability to make a living as a country.
Opponents of fast track and the Trans-Pacific Partnership are gaining momentum. In spite of a virtual media blackout, public awareness of and mobilization against the coming trade deal is increasing.
Silicon Valley companies pay a lot at the top and almost nothing at the bottom. And the top is mostly white and male; the bottom is mostly people of color. Here's how workers are successfully organizing for a better deal.
Eight senators let the country know there is going to be a fight over fast track trade authority and the Trans-Pacific Partnership. Sen. Bernie Sanders said, "Enough is enough. This country now is in a major race to the bottom."
All the talk about “trade” deals might seem complicated, with all the “TPP” and “TPA” and “FTA” and “TTIP” floating around. It doesn’t have to be difficult, though.
The 2010 Dodd-Frank law directs the SEC to require public companies to disclose the "pay ratio" between their CEO and median employees. Five years later the SEC still will not do this. Is the SEC simply defying the law?
Supporters promise TPP will have protections that will prevent more jobs from being lost due to overseas trade. We've heard those promises before. Look carefully at the record and you'll know why you can't trust those promises now.
On Friday, Wisconsin Republicans said they will hold a sudden special session this week to vote on a set of anti-union laws. The state’s union leadership is asking people to come to the capitol on Tuesday and Wednesday.
As California's high-speed rail project proceeds, we should build pressure to bring the same promise of jobs and increased economic growth to other gridlocked areas of the country.
Reviving America's Postal Banking system would help millions of people now being exploited by the predatory Payday Lending and check-cashing services industry.
"Our faith traditions call for community participation" in the upcoming trade debate in order to "ensure all people have a meaningful opportunity to participate in the creation of good policies."
There will be a series of rallies across the United States this week and next week to oppose Fast Track legislation. On Thursday between 1-2 p.m. ET you can join the #FightFastTrack Twitter storm.
The American Postal Workers Union has brought together an alliance of organizations to "support the fight to protect and enhance vibrant public postal services now—and for many generations to come."
This presentation, "Deconstructing the Corporate Case for Fast Track, One Argument at a Time" – based on my recent post on the topic – will help you make the case against the Trans-Pacific Partnership.
Silicon Valley companies dodge taxes, and use some of the money to build luxurious, private bus lines for their employees. The rest of us are, literally, stuck with the result of these companies' tax scams.
In the House there was a "Currency 101" briefing describing the damage currency manipulation does to our economy. In the House and Senate bills were introduced to do something about that damage.
The following things would employ tons of people, and bring a long-term economic return far above any “cost.” Why don't we do them? Because the status quo benefits a few extremely wealthy people.
The U.S. has run huge trade deficits for decades since the "free trade" ideology came to dominate. The world's economy needs honestly, democratically and transparently negotiated trade agreements.
The core conservative "freedom" argument that that government is illegitimate and we should all rely on our own "personal responsibility" came up against reality in the last few days. Conservatism lost.
This budget pushes the country back toward sanity and has many steps in the right direction. But there is still a long way to go.
How many companies are already shifting even more jobs and profit centers out of the country because of this proposed tax holiday? Have we already lost 10,000 jobs since they announced it?
The promoters of fast track say we need “trade” agreements to open up markets and increase exports. But only part of the agreements are about trade. Here's what's underneath the corporate case for fast track.
USTR Michael Froman testified before the Senate Tuesday to push for Fast Track Trade Promotion Authority. Protesters disrupted the hearing.
Hundreds of trade, labor, environmental, health, communities of color, anti-GMO and food justice, anti-fracking, animal and other activists still showed up in the big blizzard to protest the secret trade agreement.
Senate Republicans also voted against disclosing any money they are getting from oil and other companies involved in the Keystone project. The media has largely ignored these votes.
More than 40 top environmental and scientific groups are the latest to register to Congress their opposition to fast track trade authority. They want an open, transparent process that delivers benefits for working people.
The President briefly spoke about trade in his State of the Union speech. He admitted that "past trade deals haven’t always lived up to the hype," but then he called for doing more of the same.
Today is the national Call-in Day against fast track trade authority. Call Congress at (888) 804-8311 to say that we need better trade policies that will raise wages, protect our environment and keep corporations in check.
Ask Congress to wait until the trade deal has been made public and the public has had a chance to analyze it before they vote on Fast Track. Isn't that fair?
To sell a new trade pact, President Obama's State of the Union address is expected to feature a small business that increased its exports after we signed the South Korea free trade agreement. What is the real record?
If people come to understand and worry about the very real trade deficit, they will demand policies that are very good for regular, working people, and "Main Street" businesses that make or do things in America.
A broad cross-section of elected officials and leaders say "fast track" trade deal approval would pull a curtain in front of another effort to drive jobs out of the country and cut wages.
Losing $39 billion in a single month is a terrible, terrible, enormous, humongous tragedy for our country. It represents tremendous pressure on wages and jobs.
The news media has a virtual blackout on information about the Trans-Pacific Partnership and fast-track authority. This means it is up to you to get the word out to friends, family and others.
We should return the top corporate tax rate to 50%. Why let a few already-wealthy people reap the entire return from We the People's investment in corporate profitability?
Republicans have announced that their first order of business in the new Congress will be to try to force the Keystone Pipeline through. This prioritizing shows that they understand who paid their way to the dance.
The Trans-Pacific Partnership is a disastrous trade agreement designed to protect the interests of the largest multi-national corporations at the expense of workers, consumers, the environment and the foundations of American democracy.