A construção do Império Americano no começo de seu fim - Pepe Escobar brasil247.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brasil247.com Daily Mail and Mail on Sunday newspapers.
By Pepe Escobar
January 22, 2021
Information Clearing House - As the Exceptional Empire gets ready to brave a destructive – and self-destructive – new cycle, with dire, unforeseen consequences bound to reverberate across the world, now more than ever it is absolutely essential to go back to the imperial roots.
The task is fully accomplished by Tomorrow, the World: The Birth of U.S. Global Supremacy , by Stephen Wertheim, Deputy Director of Research and Policy at the Quincy Institute for Responsible Statecraft and a research scholar at the Saltzman Institute of War and Peace Studies at Columbia University.
Here, in painstaking detail, we can find
I’m from the government, I’m here to help
The case for more state spending on R&D
It is a strong one
HERE IS nothing new about economists arguing for more government spending on research and development (
R&D). Theoretical work done by Kenneth Arrow in the 1960s convinced his colleagues that the private sector would not on its own provide the amount of innovation that economies need to maximise their growth. Empirically the coincidence, in the 1950s, of increased government
R&D spending and excellent rates of productivity and
GDP growth strengthened the case further.
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After the disease, the debt. After the plague, the pile of IOUs. It is a veritable mountain a reminder that the original public debt in medieval Venice went by the name monte. According to the International Monetary Fund’s October Fiscal Monitor, the Covid-19 pandemic and associated lockdowns have prompted a plethora of fiscal measures amounting to $11.7 trillion, around 12% of global GDP and that number has probably risen since it was calculated on Sept. 11. “In 2020,” according to the Fund, “government deficits are set to surge by an average of 9 percent of GDP, and global public debt is projected to approach 100 percent of GDP, a record high.”
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