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The COVID-19 pandemic has amplified longstanding concerns about mounting levels of corporate debt in the United States. This article places the current conjuncture in its historical context, analysing corporate indebtedness against the backdrop of increasing corporate concentration. Theorising...
Persistent link: https://www.econbiz.de/10012405379
Commodity trading firms occupy a central position in global supply chains and their activities have been associated with financial instability, social upheaval and manifold forms of ecological devastation. This paper examines these companies in the context of debates regarding corporate...
Persistent link: https://www.econbiz.de/10012423756
The capital as power framework, developed by Jonathan Nitzan and Shimshon Bichler, argues that the aim of business is not ‘profit maximization’ but the differential accumulation of social power. Using this framework as a theoretical starting point, I analyze the differential accumulation...
Persistent link: https://www.econbiz.de/10012631071
Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law exponent. Given the messiness of the struggle for resources, why...
Persistent link: https://www.econbiz.de/10012703162
Corporate concentration in the United States has been on the rise in recent years, sparking a heated debate about its causes, consequences, and potential remedies. This article examines a facet of public policy that has been neglected in the debate: corporate taxation. Developing the first...
Persistent link: https://www.econbiz.de/10012178963
Whereas Senegal has long been sold as a showcase of democracy in Africa, including peaceful political alternance, things apparently changed fundamentally with the Senegalese presidentials of 2019 that brought new configurations. One of the major issues was political side-switching that has been...
Persistent link: https://www.econbiz.de/10012051391
Persistent link: https://www.econbiz.de/10011696923
In many European countries established leftwing and rightwing parties have been threatened by policy convergence and, in turn, new populist parties that offer more polarized platforms. I investigate whether government ideology influences dragnet-controls – controls of persons conducted by the...
Persistent link: https://www.econbiz.de/10012291838
We examine whether changes of government influence compliance with international agreements. We investigate compliance with the NATO two percent target to which all NATO countries committed themselves during the NATO summit in Wales in 2014. The dataset includes the military expenditure by NATO...
Persistent link: https://www.econbiz.de/10012292239
This paper explores whether redistributive politics can explain differences in agricultural subsidies in Russia, a country whose autocratic regime represents a fertile ground for strategic redistribution. Relying on political economy literature, we examine the strategies regional and federal...
Persistent link: https://www.econbiz.de/10012430339