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How did China move so swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? This book argues that subsidies contributed significantly to China's success. Industrial subsidies in key Chinese manufacturing industries may exceed thirty percent of industrial output. Economic theories have mostly portrayed subsidies as distortive, inefficiently reallocating resources according to non-market criteria. However, China's state-capitalist regime uses subsidies to promote the governments' and the Communist Party of China's interests. Rather than aberrations, subsidies help Chinese businesses and governments p...
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In The Next Agenda, editors Robert Borosage and Roger Hickey of the Campaign for America's Future have gathered essays written by some of America's most progressive thinkers and activists that lay out ideas and reforms to address the serious issues facing us today. They argue that the economic prosperity of the last decade can only be sustained if it is more widely shared. And they call for a new progressive movement to forge new rules for the global economy just as the Progressives of the last century tamed the excesses of America's national economy.Each of the fourteen essays in The Next Agenda detail the context that makes fundamental reform both necessary and possible and outlines the po...
A Liver Runs Through It tells the legendary, four-decade-long, story of the annual 4Day canoe and kayak trip taking place each year on the rivers of Michigans Upper Peninsula. The reader can hear the pfsst of beers opening and smell the cigar smoke swirling about the bourbon-soaked history of the 4Day, as it comes to life in stories told among paddlers on the river, round the evening campfire, and bellied up to northern bars, the timeless yin It is with awe that we stand, two paddling hours upstream from the Fox River Campground, at the top of the well-named Fox River Overlook, this years launch site, with its spectacular view 150 above the winding river valley below. We talk of how, almost ...