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The Price of Empire | Dissent Magazine


Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace
by Matthew C. Klein and Michael Pettis
Yale University Press, 2020, 288 pp.
A few years before the global financial crisis of 2008, future Federal Reserve Chairman Ben Bernanke popularized the notion that the world was divided into trade surplus countries like China and trade deficit countries like the United States. Echoing John Maynard Keynes’s trade destabilization theory, Bernanke argued that this imbalance was a significant cause of global instability. But whereas Keynes saw instability as a normal product of global trade, the effects of which would be mitigated by international financial agreements putting limits on surpluses and deficits, Bernanke laid the blame squarely at the doorstep of the East Asian and German economies. ....

United States , South Korea , World Bank , District Of Columbia , Justin Yifu Lin , Walden Bello , Colin Crouch , Michael Pettis , Warren Buffett , Matthewc Klein , Rosa Luxemburg , Ben Bernanke , Yale University , World Trade Organization , Yale University Press , Federal Reserve , Pacific Partnership , International Peace , International Adjunct Professor Of Sociology , University Of New York At Binghamton , San Francisco Bay , San Francisco Chronicle , Getty Images , Wars Are Class , How Rising Inequality Distorts , Global Economy ,

Boeing Bayar Denda Rp 34,97 Triliun atas Kesalahan Pesawat 737 Max

Boeing Bayar Denda Rp 34,97 Triliun atas Kesalahan Pesawat 737 Max
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