Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
The tag 'Macroeconomics' is associated with 2 posts.

Memorial Day Weekend Broadcast: Sunday, May 26th and Monday, May 27th

On Sun­day 5/26/2019 from 11 a.m. (Pacif­ic Time) until 7pm, and on Mon­day, 5/27/2019 from 10am until 7pm, KFJC-FM will fea­ture hours of pro­gram­ming doc­u­ment­ing the pro­found con­nec­tions of U.S. indus­try and finance to the fas­cist pow­ers of World War II. In the decades since the end of the Sec­ond World War, much has been writ­ten about the war and fas­cism, the dri­ving force behind the aggres­sion that pre­cip­i­tat­ed that con­flict. Unfor­tu­nate­ly, much of what has been said and writ­ten has failed to iden­ti­fy and ana­lyze the caus­es, nature and method­ol­o­gy of fascism—German Nation­al Social­ism or “Nazism” in par­tic­u­lar. A deep­er, more accu­rate analy­sis was pre­sent­ed in pub­lished lit­er­a­ture, par­tic­u­lar­ly vol­umes pub­lished dur­ing, or in the imme­di­ate after­math of, the Sec­ond World War. . . . . Fas­cism (Nazism in par­tic­u­lar) was an out­growth of glob­al­iza­tion and the con­struc­tion of inter­na­tion­al monop­o­lies (car­tels). Key to under­stand­ing this phe­nom­e­non is analy­sis of the Webb-Pomerene act, leg­is­lat­ed near the end of the First World War. A loop­hole in the Anti-trust leg­is­la­tion of 1914, it effec­tive­ly legal­ized the for­ma­tion of cartels—international monopolies—for firms that were barred from domes­tic monop­o­lis­tic prac­tices. Decry­ing what they viewed as exces­sive and restric­tive “reg­u­la­tion” here in the Unit­ed States, U.S.-based transna­tion­al cor­po­ra­tions invest­ed their prof­its from the indus­tri­al boom of the 1920’s abroad, pri­mar­i­ly in Japan and Ger­many. This process might well be viewed as the real begin­ning of what is now known as “glob­al­iza­tion.” This rein­vest­ment of the prof­its of the Amer­i­can indus­tri­al boom of the 1920’s in Japan­ese and Ger­man strate­gic heavy indus­try was the cap­i­tal that drove the engines of con­quest that sub­dued both Europe and Asia dur­ing World War II. On Sun­day, we will high­light the Amer­i­can-Ger­man indus­tri­al axis and its var­i­ous man­i­fes­ta­tions. On Mon­day, we will explore the Amer­i­can-Japan­ese indus­tri­al axis.


Krugmenistan vs Trumplandia: Backflipping into a Depression

In this return to Krug­menistan we’re going to return at a top­ic every­one loves: Fed­er­al Reserve inter­est rate poli­cies. Yay! If that sounds bor­ing, note that we’re specif­i­cal­ly going to exam­ine Don­ald Trump’s plans for the Fed­er­al Reserve so it’s guar­an­teed to be crazy. And omi­nous. Does that sound bor­ing? How about plans to inten­tion­al­ly col­lapse the econ­o­my for no dis­cernible rea­son. Does that sound bor­ing? No, this is Don­ald Trump’s poli­cies we’re talk­ing about. It’s any­thing but bor­ing. Or sane.