November 25, 2007

ESSENTIAL reading. and I mean that: Henry Liu


The Complete Henry C K Liu

Nov 25, 2007

Henry C K Liu was born in Hong Kong and educated at Harvard University, US, in architecture and urban design. His interest in economics and international relations started when he participated in interdisciplinary work on urban and regional development as a professor at the University of California Los Angeles, Harvard and Columbia. He is currently chairman of a New York-based private investment group.


SUPER CAPITALISM, SUPER IMPERIALISM
PART 2: Deregulation: Global war on labor
It is time for all countries to seek solutions to problems created by the exploitative terms of world trade, by focusing on fundamental issues of domestic development before the prodigal global trading system collapses from its own contradictions and brings forth global depression. Unless and until an equitable international trading system is negotiated, economic nationalism is a proper response to neo-imperialism. (Oct 12, '07)
This is the final part of a two-part

SUPER CAPITALISM, SUPER IMPERIALISM
PART I: A Structural Link
The processes of globalization have always been the result of active state policy and action, as opposed to the mere passive surrender of state sovereignty to market forces. Market forces cannot operate in a vacuum. They are governed by man-made rules. Globalized markets require the acceptance by local authorities of established rules of the dominant economy. Currency monopoly, of course, is the most fundamental trade restraint by one single dominant government. (Oct 11, '07)

Either way, it could be an unkind cut
Whether the Fed lowers the Fed Funds rate depends on whether it sees 6% unemployment on the horizon. Yet a cut in short-term rates may do more harm than good by not helping to sustain a liquidity boom, yet fueling accelerated inflation; not to mention leading to a loss of confidence on the part of the market in the Fed's ability to manage a monetary and financial crisis. (Sep 17, '07)

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