Marshall Auerback Archives

Capitalism

There’s a Hidden Economic Trendline That Is Shattering the Global Trade System

Why economic nationalism is suddenly a fashionable excuse for countries to decrease their reliance on the existing global supply chains

July 8, 2020 • by Marshall Auerback and Jan Ritch-Frel

Covid-19 has accelerated a process that was well underway before it, spreading beyond U.S.-China-EU trade negotiations and into the world’s 50 largest economies. As much as many defenders of the old order lament this trend, it is as significant a shift as the dawn of the World Trade Organization (WTO) ...

We Won’t Have a Truly Global Economy Until We Start Taxing It That Way

Reconstructing our tax system is an integral part of future national industrial policy as we restart the economy

July 2, 2020 • by Marshall Auerback

Taxation is one of those areas that exposes the contradictions at the heart of globalization. Globalization of goods has proceeded quickly, as has the harmonization of industrial standards across countries. Harmonization of taxation? Not so easy. The power to tax is the ultimate national prerogative, one that very few sovereign nations would ...

Let’s Make Sure We Get the Green New Deal Right

Covid-19 will force us to rethink many of the assumptions underlying existing GND proposals

July 2, 2020 • by Marshall Auerback

Advocates of the Green New Deal (GND) are looking to change the way we handle a range of problems facing society, especially in the wake of environmental challenges occasioned by climate change. In response, policymakers have suggested a variety of programs designed to deal with these challenges. Should any of ...