The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...

Since the end of the nineteenth century and the beginning of the twentieth century, big corporations have evolved into one of the main business organizations of the world. Moreover, large corporations started to dominate many industries in the United States (US). Today, in the globalization era,...

Since the end of the nineteenth century and the beginning of the twentieth century, big corporations have evolved into one of the main business organizations of the world. Moreover, large corporations started to dominate many industries in the United States (US). Today, in the globalization era,...

The U.S. stock market is driven more by mergers and acquisitions than by the so-called "real economy." Until another merger boom develops, don't expect a new bull market.

This is the third paper in a series of four essays that deal with recent developments affecting the political economy of armaments. It begins by identifying the ‘military bias paradox’ of divergent behaviour, whereby the large armament corporations experienced an almost uninterrupted growth...