Author Archives: Mark Austen Whipple

Larry Fink on the rising dollar

Larry Fink leads BlackRock, the world economy’s largest asset management firm. Today’s FT home page features Fink making a critical case against US dollar appreciation, given the negative impact a rising dollar has on exports. I don’t disagree. But at the moment … Continue reading

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On corporate power

US intellectuals face the challenge of how to think about rising corporate power. This is not because corporations or corporate power are inherently bad things. I don’t believe they are. Instead, the problem of corporations has to do with the … Continue reading

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Discretionary spending under Democratic and Republican Administrations, Reagan-Obama

Data for the graph above and the following observations come from table 5.6, found here. If you look at the above graph you see that under Republican administrations, discretionary spending tends to go up. Under Democratic administrations, discretionary spending tends … Continue reading

Posted in 2007-2012, advanced capitalism, conservative movement, democracy, economic recovery, macro-economics, political sociology, politics, qualitative sociology of economics and politics, sociology, the great contraction, the great contraction 2007-2012 | Leave a comment

The Keller-Greenwald debate

Is Glenn Greenwald the future of news?: A debate between Bill Keller, former executive editor of the NY Times (and current opinion writer), and Glenn Greenwald, the opinion writer/journalist who, among other things, recently reported the NSA scoops. The debate … Continue reading

Posted in advanced capitalism, Media and knowledge, political sociology, theoretical drivel | Leave a comment

Obama should not lend his name to any entitlement cuts

From today’s NY Times report on the “civil war” in the GOP: “You have to have a specific agenda,” said Jeff Bell, a policy director in the 1976 Reagan campaign, citing the supply-side tax cuts that were so in vogue … Continue reading

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Two more links on section 1002 of the “default prevention act of 2013”

More reporting and commentary is becoming available for those interested in the implications of section 1002 of the recent debt-ceiling bill (the “default prevention act of 2013”). Below are two more links. First some background on section 1002. As I … Continue reading

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The “Default Prevention Act of 2013” makes a February debt-ceiling crisis unlikely

On one hand, the deal signed by Obama provides debt-ceiling relief only till February, when the debt ceiling will once again be reached. On the other hand, come February, it is unlikely the United States will manufacture another homemade debt … Continue reading

Posted in conservative movement, debt, democracy, political sociology, politics, The End of the GOP | 1 Comment