Todd Suomela's Library tagged free-trade →  View Popular, Search in Google

business capitalism law morality free-trade resources

technology global economics risk capitalism foreign free-trade markets

"Until the 2000s, in every economic expansion, labor got the bulk of the increase in GDP, typically over 60%, via more jobs and increased pay. Post 2000, there was an astonishing change, a shift from labor share, which fell to below 30%, and a massive increase in corporate profits. In other words, there was huge shift away from labor to capital. This has little to do with globalization and much to do with the weakened bargaining power of US workers. As much as it has become fashionable to look down on unions (and their corruption and short-sightedness hasn’t helped), having well paid blue collar workers helped the negotiating position of non-unionized white collar employees."

economics capital labor outsourcing international free-trade

"A modified version of mercantilism is alive and well...and it has been for some time. The game always has been trade. The question always has been: How do we game the system?"
Mentions China lowering taxes for foreign firms to less than the taxes for indigenous firms. This is not covered by WTO.

economics trade mercantilism free-markets free-trade growth nationalism China WTO

in list: Economic Crisis