Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...

Globalization radically changes income distribution and triggers intense international tax competition. Therefore, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its trade and finance transactions with the rest of the...

Introduction -- The tyranny of capital's time imperative -- The time of the individuals and the time of humanity -- Human beings reduced to "time's carcase" -- The loss of historical time consciousness -- Free time and emancipation -- The uncontrollability and destructiveness of globalizing...