Marshall Auerback

Marshall Auerback

Marshall Auerback is a researcher at Bard College's Levy Economics Institute, a fellow of Economists for Peace and Security, and a writer for the Independent Media Institute.

@Mauerback

US Election: The Working Class is Up for Grabs Share This

Nov 06, 2020

It’s now clear that Joe Biden will be America’s next president. While Democrats will undoubtedly celebrate this fact, the overall election results should give little comfort to them, given their failure to re-establish the party’s historically successful New Deal coalition, especially the working-class component.  If any election was ripe to reconstitute this coalition that sustained […]

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Justice Department Sues Google (But have they focused on the right target?) Share This

Oct 21, 2020

As widely expected, the US Department of Justice (DOJ) and 11 states have filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets. After the recent House Subcommittee Report came out, this action was only a matter of time. The question is […]

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How Should We Handle Monopolies? Share This

Oct 09, 2020

A House of Representatives sub-committee report on large technology platforms has determined that Apple, Google, Facebook, and Amazon are abusive monopolies.  Matt Stoller has summarized the report’s recommended course of action: “ (1) a legislative break-up and restructuring of big tech platforms to restore competition online (2) a strengthening of laws against monopolies and mergers, […]

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Let Workers Enjoy the Fruits of their Productivity Gains Share This

Oct 05, 2020

Amber and David Lapp have written movingly about the current plight of America’s workers (here and here). The commodification of labor that they describe is not new by any means. Over the last 40 years, inequality has mounted, and workers in turn have seen their quality of life eroded, as their income share of GDP […]

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Can the GOP Empower the Workers of Today and Tomorrow? Share This

Sep 24, 2020

The Republican Study Committee’s American Worker Task Force has just released a new report, “Reclaiming the American Dream: Proposals to Empower the Workers of Today and Tomorrow”.  As such it represents another in a series of recent attempts to make the GOP the natural home for labor. There’s some good ideas in the paper, notably […]

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Are British Conservatives providing a future template for post-Trump Republicans? Share This

Sep 08, 2020

Much as the Brexit referendum anticipated the rise of the Trump presidency, the current UK Conservative government led by Prime Minister Boris Johnson may now be providing clues as to a possible future path for the post-Trump Republican Party in the United States.  The prevailing ideological preferences of Johnson and his advisors are becoming increasingly […]

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The Gig Economy Is Paving the Road to Serfdom Share This

Aug 23, 2020

The tech industry buzzword “gig” has distracted society from important questions about the gig economy that are surprisingly traditional: whether a business has employees or contractors, and how it can avoid payroll taxes and legal liability. Countless Silicon Valley business models have been built under the guise of gigs. Uber and Lyft are two of the best-known cases, […]

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Intel’s Troubling Pledge on Outscourcing Share This

Aug 03, 2020

Intel has been conspicuous among Silicon Valley high-tech companies, insofar as until now it has resisted the siren song to send much of its manufacturing offshore.  As the Indian Express has written: “The Santa Clara, California-based company has been the largest chipmaker for most of the past 30 years by combining the best designs with […]

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Another Kind of Redistribution; The Case for a Job Guarantee Program Share This

Jul 10, 2020

Recent posts from Sam Hammond , Ed Dolan, and Oren Cass, have opened a very thoughtful debate on the role of redistribution in a future economic agenda. They rightly observe the corrosive effects of mindlessly expanding re­distributive policies without addressing many of the flaws in our current system that give rise to the need for such redistribution in […]

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How We Do the Work Is As Important As Where We Do It Share This

Jul 07, 2020

Repatriating supply chains to home shores has become an increasingly fashionable topic in the wake of the COVID-19 pandemic. Part of the rationale is to ensure that adequate redundancy and resiliency are built into our economies, even at the cost of “just in time” inventory accumulation practices (which have prioritized short term profitability at a […]

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America Cottons on to Industrial Policy Again Share This

Jun 27, 2020

REUTERS / Gary Cameron – stock.adobe.com Recently, I suggested that the United States would do well to emulate some aspects of China’s economic development model, largely on the grounds that this still constituted the optimal route to reindustrialization. If done correctly, reindustrialization can provide a key means of generating high quality jobs in the U.S. […]

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Contain China if Necessary, but Emulate Features of its Industrial Policy to Ensure Long Term Economic Prosperity Share This

Jun 24, 2020

Robert Atkinson of the Information Technology and Innovation Foundation has just written a very compelling analysis of China’s national industrial policy, especially in relation to the exponential growth of its telecommunications industry. Some of the key findings of the paper, “How China’s Mercantilist Policies Have Undermined Global Innovation in the Telecom Equipment Industry” are as […]

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