Marshall Auerback: Donald Trump Understands the Nexus Between Trade and Immigration
By linking immigration and trade, however crudely, Trump has exposed the broader paradox and inherent contradictions which lurk between the two.
Read more...Category Archives: Auto industry
Gaius Publius: When Trump Talks Trade, Voters Listen
It’s easier for liberals to blame Trump voters for racism than to blame themselves for the job-loss and pain of the working class.
Read more...How Many Flints? America’s Coast-to-Coast Toxic Crisis
Flint is just the tip of the iceberg of lead poisoning in America.
Read more...Flint: Let Them Drink Pollution?
Why the crisis in Flint, Michigan is about race and class, and the American nightmare of metastasizing inequality of wealth and power.
Read more...Capitalism – Not China – Is to Blame for the Current Global Economic Decline
Capitalism’s “recovery” now proceeds like another speeding train headed toward contradiction and catastrophe.
Read more...Mathew D. Rose: Hubris and Nemesis In Germany – Volkswagen, Refugees, and Football
Finding the common threads of Germany’s latest scandals.
Read more...U.S. Climate Goals: A Reckoning
The current US lifestyle needs to go if the world is to succeed in limiting climate change.
Read more...VW Scandal Bad News For Diesel
The ramifications for the diesel industry as its reputation as cleaner fuel comes under scrutiny.
Read more...Winning in Maui: TPP Ministerial Negotiations Fail, with No Date Set for the Next Round
Winning a battle in the long campaign against TPP: It was “domestic politics” that preserved our national sovereignty
Read more...The Continuing Depopulation of Detroit
Detroit is getting the same treatment as Latvia and Ireland, and we are already seeing similar results in Greece, with most people who have good foreign job prospects taking a hike. But while Latvia and Ireland stabilized at much lower levels of output and have started to recover from their, Detroit, like Greece, looks like a failed state. And this is perversely seen as acceptable in America.
Read more...Dubious FX Broker CWM FX Claims Sports Celebrity Scalps, but Princess Anne Remains Unmolested
The CWM FX fraud bust, a murder, Princess Anne and some groping. It’s BAU in the world of sports sponsorship.
Read more...Wolf Richter: Subprime Pump-and-Dump Frenzy Heats Up
OK, today’s subprime securitization rage is in the auto-loan sector, not mortgages. About 31% of all outstanding auto loan balances are rated subprime. They’re the foundation of booming auto sales.
Read more...Wolf Richter: Subprime Spikes Auto Sales, Delinquencies Soar, Industry in Total Denial, Fallout to Hit Main Street
Stuffing people into cars they can’t afford and ultimately may not be able to pay for is big business.
Read more...Ferguson in Context on the Eve of the Grand Jury Decision
The “ground truth” of the protests, the forces arrayed against them, the grand jury, political economy in Ferguson, and Mike Brown’s father.
Read more...Corporate Profit Margins vs. Wages in One Disturbing Chart
Yves here. This brief post by Doug Short is even more important than it appears to be. We had an outburst of neoliberal orthodoxy in comments yesterday on a post that discussed how wealth of most households had fallen since 1987. Some readers assigned blame for stagnant average worker wages (which was a big contributor to the lack of growth in household wealth) to immigrants, particularly Mexicans and H1-B visa workers.
The Doug Short chart below looks at corporate profit share versus labor share. This pinpoints the degree to which wage stagnation is the result of corporate managers and executives succeeding in cutting the pie to favor themselves (executive pay has become increasingly linked to stock prices, and relentless focus on short-term earnings, as well as stock buybacks, do wonders for earnings per share).
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