Are there specific issues or problems you care about? Racism? Poverty? Income inequality? Health care? Education reform? Global warming and climate change? Political corruption and the power of special interests? Every American will have the means and incentives to work together as citizens, to make our government more efficient, responsive, and accountable...
A basic income of $1,000 a month is $24,000 a year for a couple. That's more than the current official poverty level for a family of four. We can end hunger, end homelessness, end extreme poverty. Current policies cannot possibly achieve that; no way, no how, no hope.
For any manufactured good or line of goods, the production process typically involves several steps. Some steps require considerable engineering and technical skills, and others entail relatively low-skilled employment. Because the US labor force is highly skilled overall, American companies have an advantage over their foreign competitors.
Without imports, many jobs that exist today would disappear. According to some estimates, the jobs that service an imported consumer good account for more than half of its retail price. Many imports require local service facilities with American workers. Foreign automobiles, for example, would not be sold if the parts and mechanics for servicing them were unavailable.
Low-cost imports, rather than "destroying" Americans' jobs, actually sustain them. And when companies can expand as a result of their improved competitiveness at home and abroad, they create even more jobs. But if firms must purchase higher-cost domestic inputs, they will have to reduce their profits or raise the price of their products. With reduced profits, they will be less likely to expand and hire more workers; and if they lose money, they may have to shed workers. But raising prices is likely to mean losing market share, implying fewer employees to meet demand.
(Anne Kreuger, , Project Syndicate, February 25, 2017)
Cora Currier, in an article entitled (ProPublica, June 13, 2012) has provided an example of the 'revolving door' policies through which JP Morgan insulated itself from serious investigation of a series of losses described by Jamie Dimon, the CEO as "complex and hard-to manage risks". Currier provides "a picture of connections between the company and the committee" and concludes:
The analysis is a first effort to document the international web of relationships among companies and to examine who owns shares - and how many - in whom. Tapping into the financial information database Orbis, scientists from ETH Zurich in Switzerland examined transnational companies, which they defined as having at least 10 percent of their holdings in more than one country. Then the team looked at upstream and downstream connections, yielding a network of 600,508 economic actors connected through more than a million ownership ties.
It is four years since the World Economic Forum identified rising economic inequality as a major threat to social stability, and three years since the World Bank twinned its goal for ending poverty with the need for shared prosperity. Since then, and despite world leaders signing up to a global goal to reduce inequality, the gap between the rich and the rest has widened. This cannot continue. As President Obama told the UN General Assembly in his departing speech in September 2016: 'A world where 1% of humanity controls as much wealth as the bottom 99% will never be stable'.
Growing economic inequality is bad for us all - it undermines growth and social cohesion. Yet the consequences for the world's poorest people are particularly severe.
(D. Hardoon, R. Fuentes-Nieva, S. Ayele, , 210 Oxfam Briefing Paper, 18 January 2016, Summary)
Praful Bidwai (2010) has provided a sketch of some of the features of conglomerate dealings in India. His description could be replicated in any of the major Western and Third World centers of government.
Over the past thirty years conglomerate organization has become more refined, mitigating many of the perceived problems encountered in the 1960s and 1970s (when regulatory protections were still effective in Western regions). The model which best applies to current practice is a modified and Westernized (and also less focused) version of the Japanese keiretsu (see Wikipedia's entry for the (accessed 28-06-2010) for a preliminary description).
Over the past decade, income inequality has come to be ranked alongside terrorism, climate change, pandemics, and economic stagnation as one of the most urgent issues on the international policy agenda. And yet, despite all the attention, few potentially effective solutions have been proposed. Identifying the best policies for reducing inequality remains a puzzle.
Most of these multilateral agreements are signed between neighboring countries, but there are exceptions like the worldwide WTO agreements and the TPP agreement that is regional by some definitions, but not neighboring. The rest of the non-regional agreements are concluded between two groups of neighboring states (or between a single group and a third country) and thus are not included in the multilateral list (EFTA-SACU, EU-ACPs and others).
(accessed 3rd Jan. 2013)