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What is Competitiveness? #1 Robert Reich

POSTED ON March 20th  - POSTED IN Blog, What is competitiveness?
Robert Reich

Robert Reich: when you hear the term “American competitiveness,” watch your wallet.

This is the first in an ongoing series of articles we are planning, to explore what competitiveness is, from the perspective of particular public figures or intellectuals. For the first in this series we’ve chosen Robert Reich, a former U.S. Labor Secretary. He’s written a short article in plain English that helps illustrate some issues. It begins with an excellent summary:

“Whenever you hear a business executive or politician use the term “American competitiveness,” watch your wallet. Few terms in public discourse have gone so directly from obscurity to meaninglessness without any intervening period of coherence.”

Krippner: how the US avoided tough decisions through deregulation

POSTED ON March 17th  - POSTED IN Blog, Financial Regulation

Krippner capitalisingA short review of Greta Krippner’s Capitalising on Crisis – The Political Origins of the Rise of Finance

By Jack Copley

Financial markets are fundamentally concerned with the future. Loans to businesses enable future profits, derivatives supposedly insure against future risk, and speculative practices attempt to profit from future price movements. Yet to truly understand how we arrived at the current financial status quo, we must turn our gaze backwards. This is exactly what Greta Krippner does in her 2012 book Capitalising on Crisis

Did Ireland’s 12.5 percent corporate tax rate create the Celtic Tiger?

POSTED ON March 10th  - POSTED IN Blog, Tax

Did Ireland’s 12.5 percent corporate tax rate create the Celtic Tiger?

Ireland has long been a poster child for corporate tax-cutting. The standard argument goes something like this. “Ireland has very low corporate taxes . . . Celtic Tiger . . . just goes to show that corporate tax cuts grow your economy.” This argument is popular in Ireland too where government officials like to call the flagship 12.5 percent corporate income tax rate a “cornerstone” of industrial policy.

But is any of this even true?

Well, now take a look at this little graph that we created for this blog. We aren’t aware that a graph like this has been made before.

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