New audio product
Just posted to my radio archives: January 14, 2012 Lane Kenworthy, author of this paper (PDF), on just how much economic growth trickles down, and why (spoiler: U.S. does very badly) • Enrique Diaz-Alvarez, chief strategist for Ebury Partners, on the eurocrisis, with an emphasis on Spain
A chat with Larry Summers (from 2000)
This is from Left Business Observer #94, May 2000. chatting with Larry LBO’s editor was lucky enough to run into Treasury Secretary Lawrence Summers at a party in Washington on April 15, and got to overhear some of his thoughts on the weekend’s events and even ask a few questions. Early in the evening, surrounded by what appeared to be some loyal scribes, Summers enthused about how “proactive” the DC cops were, having arrested some 600 demonstrators, “including many of the leaders.” Summers is evidently unaware that the Direct Action Network types… Read More
Larry Summers, future World Bank president?, on how Africa is vastly underpolluted
So Obama’s going to nominate Larry Summers to be president of the World Bank. Recall this passage from 1991 memo, actually written by Lant Pritchett but signed by Summers when he was the Bank’s chief economist, on how “Africa is vastly under-polluted.” The last paragraph is important, and should not be overlooked in fighting these mofos. 3. “Dirty” industries Just between you and me, shouldn’t the World Bank be encouraging more migration of the dirty industries to the LDCs [less-developed countries]? I can think of three reasons: 1) The measurement of the costs… Read More
Engels, in 1892, explains USA 120 years later
This is worth re-reading about once every other week. From a letter written by Friedrich Engels in 1892: There is no place yet in America for a third party, I believe. The divergence of interests even in the same class group is so great in that tremendous area that wholly different groups and interests are represented in each of the two big parties, depending on the locality, and almost each particular section of the possessing class has its representatives in each of the two parties to a very large degree, though today big… Read More
LBO News from Doug Henwood 