Economics & Politics

(CNN) I am writing from Beijing, China, where forward-looking policies in infrastructure, technology and diplomacy have fueled rapid economic growth and even more remarkable technological advancement. By the mid-2020s, China will most likely lead the world in key technologies for low-carbon energy, robotics and advanced transportation, among other areas targeted in China’s long-term development strategy. Read more in CNN. 

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With America AWOL and China ascendant, this is a critical time for Germany and the European Union to provide the world with vision, stability, and global leadership. And that imperative extends to Germany’s Christian Democrats and Social Democrats. Read more at Project Syndicate.

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November 28th, 2017

The tax bill shouts, ‘Greed!’

The tax cut effort is an exercise in greed and arrogance. The nation faces a fiscal crisis (rising debt, large deficits, and major budget needs such as infrastructure), a social crisis (falling incomes for the bottom half), and a political crisis (a collapse of trust in public institutions). The public is against Donald Trump’s tax [...]

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Professor Jeffrey Sachs speaks at “Shaping the Sustainable Insurance Agenda in North America,” organized by UN Environment’s Principles for Sustainable Insurance Initiative (PSI) and Munich Re, US, discussing the crucial role of insurance companies in taking climate action.

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(CNN) Dear Sens. Susan Collins, Bob Corker, Jeff Flake, Ron Johnson, John McCain and Lisa Murkowski: I fear for the future of our country. I know that you do as well. You are patriots first and partisans a distant second. We are at a defining moment in our history: The tax cuts just passed by the House [...]

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If the tax cut passes, it will constitute the largest heist in human history. This is daylight robbery by the super-rich against the rest of society: homeowners, students, the middle class, the young, the poor, indeed everybody who doesn’t own a significant stock portfolio. The result will put America into a tailspin: falling home prices, [...]

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In American politics today, corporations reign supreme. Powerful corporations control American politics through Big Money and Big Data. Donald Trump and the Republican-led Congress represent the ultimate corporate play, with the powers of the executive and legislative branches turned over to the most destructive corporate special interests.  Read more in The Boston Globe.

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Billionaire US plutocrats such as Charles and David Koch, Robert Mercer, and Sheldon Adelson have long played their politics for personal financial gain – even if it means boosting inequality at home and blocking sustainable development worldwide. To stop them, US citizens will need to regain the upper hand in electoral politics. Read more at [...]

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(CNN) Treasury Secretary Steve Mnuchin’s call forcorporate tax cuts is akin to his request for a government plane for his honeymoon: both are adventures in avarice. Donald Trump, Mnuchin, Gary Cohn, and the key billionaire funders of the Republican Party (including the Koch brothers, Sheldon Adelson, and Robert Mercer) would each reap a fortune from the proposed tax cuts. They are out [...]

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October 20th, 2017

Corporate tax cut propaganda

The White House is selling a tax cut designed for the rich as a boost for the working class. Cut taxes on capital, the White House claims, and investors will raise investment, hire more workers, and bid up wages — a.k.a. trickle-down economics. If the real goal is to use tax cuts to boost low [...]

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