It is striking that so many people are anxious to wrongly blame the costs of China’s zero COVID-19 policy on its rejection of US-made mRNA vaccines
Dean Baker
It is expensive to have a large segment of the population living in Never-Never Land
If China wants a path through its “demographic crisis,” or, in other words, coping with secular stagnation, devoting substantial resources towards greening its economy would be a great path forward
By allowing the pandemic to spread largely unchecked in the developing world, we gave it the opportunity to mutate into more vaccine-resistant forms that will continue to reverberate in the months and years to come
The Biden administration, with the overwhelming support of the foreign policy establishment, seems determined to start a new Cold War with China
The laws on intellectual property are designed to make a relatively small number of people very rich. In doing so, they not only make everyone else poorer, but they also cost millions or even tens of millions of lives
Covid may be with us for a while, but it need not be a dreaded disease and pose a major threat to the economy
That may sound pretty crazy, but that’s roughly what the minimum wage would be today if it had kept pace with productivity growth since its value peaked in 1968
There are few areas of the economy that would not be affected in a big way, either positively or negatively, by the long-term implications of global warming
The long and short is that, in our high-tech globalized economy, accountability is only something that those at the bottom have to worry about