EconWatch.com > Robert Shiller: The Taming of 'Speculative Capitalism'

[Economist's View] Foreign Affairs, Alan Blinder, a former adviser to President Bill Clinton and vice chair of the U.S. Federal Reserve Board, argued that the process of globalization has the potential to cause massive job loss in the future. Given that electronic communications technology has a powerful potential to replace employees with others who are thousands of miles away, we may now be seeing only the beginning of this process.

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Amazon.comhttp://www.amazon.com [Amazon.com] Amazon.com: The Work of Nations: Preparing Ourselves for 21st ...: Economies are no longer simply national in scope but global, rewarding the most skilled around the world with ever greater wealth while consigning the less skilled to declining standards of living. He sees the global work forces as already divided into three groups: routine producers (e.g., data processors), in-person servers (e.g., librarians), and symbolic analysts who manipulate symbols for large profits (e.g., financial wizards).

Nybooks.comhttp://www.nybooks.com [Nybooks.com] The Chinese Shadow - The New York Review of Books: The shift to laissez-faire in the 1980s, followed by the end of the cold war, dissolved this "ecosystem of interrelated companies, universities, government institutions, bankers, and, yes, lawyers." After 1973 Americans stopped worrying about international trade, because they could print as many dollars as they wanted to pay for imports. "We handed China the money they are using to try to buy Unocal," said Prestowitz in a recent interview.

Isreview.orghttp://www.isreview.org [Isreview.org] International Socialist Review: During the Uruguay Round of GATT from 1986 to 1994, the formation of the WTO was pushed most strongly by the U.S. The U.S. sought to create new trade rules and to lower trade barriers in order to open world markets further to American goods and services, as well as to reverse a growing trade deficit and expand trade, particularly in agricultural goods. (The U.S. share of the world wheat market, for example, declined from 55 percent in 1980 to 31.5 percent in 1986.) U.S. trade officials and businesses reasoned that the multilateral elimination of subsidies on agricultural and manufactured goods would leave the U.S. in an advantageous position versus its rivals.

[Monthlyreview.org] Monthly Review February 2005 | Commentary: A platform for the transformation of the International Confederation of Free Trade Unions (ICFTU) and the global union federations/international trade union secretariats must be advanced, and should genuinely strengthen the role of unions from the global South (Africa, Asia, the Caribbean and Latin America). The US union movement must adopt an approach that encourages union-to-union relationships and worker-to-worker exchanges, up to and including the reform and/or creation of new international labor bodies that support real solidarity.

Muse.jhu.eduhttp://muse.jhu.edu [Muse.jhu.edu] Robert M. Pike - Globalization and its Discontents (review) - The ...: He was chairman of the Council of Economic Advisors in the Clinton .benefitted both western investment interests and Mafia-style capitalism in Russia.

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