Rana Foroohar @RanaForoohar
@FT columnist & associate editor. @CNN economic analyst. Author of 'Don't Be Evil,’ 'Makers & Takers,’ and ‘Homecoming.’ ranaforoohar.com New York, USA Joined January 2012-
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Stiglitz: The underlying problem is that the US did not anticipate a rival such as China. Even without subsidies, China “could outcompete just because of the scale of their economy and the number of engineers they have. ft.com/content/282fd7…
For too long, antitrust has focused on consumer welfare & overlooked the ways concentration harms workers. Today, we're seeing "a real focus on making sure we're using antitrust tools to support worker power in labor markets," @ewwilkins tells @EmilyRPeck axios.com/2024/04/29/the…
Agree with the WSJ editorial board that a coordinated minimum tax on the super-rich may well happen As for the rest…. 💕
Agree. Beginning to think this is a major bubble; energy and water consumption alone are problematic. And I have yet to see a truly productivity adding function at scale. At the moment it seems mostly a way to kill jobs without a strong case that the tech is better than humans
Agree. Beginning to think this is a major bubble; energy and water consumption alone are problematic. And I have yet to see a truly productivity adding function at scale. At the moment it seems mostly a way to kill jobs without a strong case that the tech is better than humans
Indeed!
Another example of the "free market" being wildly inefficient and unfair @RanaForoohar "More crucially, he said, “banks, insurers, regulators and governments haven’t sat down and discussed how to share risk responsibility”. ft.com/content/7745d8… via @FT
Don't miss this from @RanaForoohar on the strange experience of dealing with the creaking US home insurance market – "Both options seemed nuts, but only one was affordable." ft.com/content/7745d8…
My personal experience with the crippling home insurance crisis hitting America ft.com/content/7745d8… via @FT
Economist Joseph Stiglitz: ‘Trump is what neoliberalism produces’ ft.com/content/282fd7… via @FT Indeed...
I’m sure it will be a great disappointment for the advocates to learn that industrial policy is no magic bullet. Can you imagine the IMF summarizing another study as “central bank independence is no magic bullet…”.? That’s how your ideology shows.
I’m sure it will be a great disappointment for the advocates to learn that industrial policy is no magic bullet. Can you imagine the IMF summarizing another study as “central bank independence is no magic bullet…”.? That’s how your ideology shows.
Some highlights from the @Hewlett_Found #NewCommonSense post-neoliberalism conference. David Singh Grewal @glgerstle @fstockman @RanaForoohar @ChrisMurphyCT @powellrich @jennifermharris Trevor Houser @robinsonmeyer @felixsalmon @JerusalemDemsas.
Great thread
Next up at #NewCommonSense, @ChrisMurphyCT sits down with @RanaForoohar to discuss how we can realign our political economy to better support working families, thriving communities, and a strong domestic economy.
Europe faces ‘mortal’ threat, says Emmanuel Macron ft.com/content/01a065… via @FT
From Paul Tuckers FT column, “A message to economists: geopolitics matters too.” #economy #EconTwitter @FT
It was such a pleasure to talk to @JohnCassidy of @NewYorker. Thank you for the piece about my new book, The Road to Freedom, from @wwnorton. newyorker.com/news/our-colum…
At #NewCommonSense, @ChrisMurphyCT interviewed by @RanaForoohar explores the cultural, spiritual and economic dimensions of the new political economy. @Hewlett_Found
ICYMI: Civil society supports @AmbassadorTai's pivot on digital trade policy. rethinktrade.org/letters-filing…
What is a good life? Let’s rebrand politics as the “Happiness business”- Why won’t we focus on making policies that connect people and create meaningful relationships? A Conversation with Senator @ChrisMurphyCT and @RanaForoohar at @Hewlett_Found #NewCommonSense
Joseph Stiglitz and the Meaning of Freedom | The New Yorker. I love this man; the original and best critic of neoliberalism @JosephEStiglitz #NewCommonSense newyorker.com/news/our-colum…
Brad Setser @Brad_Setser
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Edward Luce @EdwardGLuce
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Isabella M. Weber @IsabellaMWeber
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Skanda Amarnath @IrvingSwisher
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Gabriel Zucman @gabriel_zucman
99K Followers 991 Following Chasing wealth and income, present and past, onshore and offshore.Stiglitz: The underlying problem is that the US did not anticipate a rival such as China. Even without subsidies, China “could outcompete just because of the scale of their economy and the number of engineers they have. ft.com/content/282fd7…
If you're looking for ways out of the climate change-induced home insurance crisis, as @RanaForoohar is in the @FT, head over to @cpluscp for excellent analysis climateandcommunity.org/insurance-cris… ft.com/content/7745d8…
For too long, antitrust has focused on consumer welfare & overlooked the ways concentration harms workers. Today, we're seeing "a real focus on making sure we're using antitrust tools to support worker power in labor markets," @ewwilkins tells @EmilyRPeck axios.com/2024/04/29/the…
Agree with the WSJ editorial board that a coordinated minimum tax on the super-rich may well happen As for the rest…. 💕
The WSJ Opinion section has now published 93 (!) attacks on @linakhanFTC since her term began—that's about one hit piece every 13 days. When the voice Wall Street is this angry, it’s a good sign she's acting on behalf of the American public.👇 economicliberties.us/data-tools/the…
Some quick thoughts on that godawful WSJ editorial attacking Lina Khan and the FTC’s challenge to the merger of accessible luxury handbags …
Another example of the "free market" being wildly inefficient and unfair @RanaForoohar "More crucially, he said, “banks, insurers, regulators and governments haven’t sat down and discussed how to share risk responsibility”. ft.com/content/7745d8… via @FT
Don't miss this from @RanaForoohar on the strange experience of dealing with the creaking US home insurance market – "Both options seemed nuts, but only one was affordable." ft.com/content/7745d8…
Bass acquired
I’m sure it will be a great disappointment for the advocates to learn that industrial policy is no magic bullet. Can you imagine the IMF summarizing another study as “central bank independence is no magic bullet…”.? That’s how your ideology shows.
Industrial policy is on the rise, but new research shows that it is not a magic bullet for economic growth. Instead, fiscal policies that support innovation and technology diffusion more broadly—plus basic research—are the answer. Read our blog: imf.org/en/Blogs/Artic…
Some highlights from the @Hewlett_Found #NewCommonSense post-neoliberalism conference. David Singh Grewal @glgerstle @fstockman @RanaForoohar @ChrisMurphyCT @powellrich @jennifermharris Trevor Houser @robinsonmeyer @felixsalmon @JerusalemDemsas.
1/10 Interesting study suggesting that there is no evidence that higher public debt levels are associated with lower economic growth. I am not especially surprised because there are so many different conditions under which debt can emerge.
Do higher public debt levels reduce economic growth? My meta-analysis is out in the September issue of Journal of Economic Surveys. By analysing 816 estimates, I find - publication bias in favour of negative growth effects - no uniform public-debt-to-GDP threshold Summary 🧵
Next up at #NewCommonSense, @ChrisMurphyCT sits down with @RanaForoohar to discuss how we can realign our political economy to better support working families, thriving communities, and a strong domestic economy.
Yes Stiglitz is a giant amongst economists; he treats people as humans and not as indifferent data @JosephEStiglitz
Joseph Stiglitz and the Meaning of Freedom | The New Yorker. I love this man; the original and best critic of neoliberalism @JosephEStiglitz #NewCommonSense newyorker.com/news/our-colum…
From Paul Tuckers FT column, “A message to economists: geopolitics matters too.” #economy #EconTwitter @FT
It was such a pleasure to talk to @JohnCassidy of @NewYorker. Thank you for the piece about my new book, The Road to Freedom, from @wwnorton. newyorker.com/news/our-colum…
At #NewCommonSense, @ChrisMurphyCT interviewed by @RanaForoohar explores the cultural, spiritual and economic dimensions of the new political economy. @Hewlett_Found
ICYMI: Civil society supports @AmbassadorTai's pivot on digital trade policy. rethinktrade.org/letters-filing…
What is a good life? Let’s rebrand politics as the “Happiness business”- Why won’t we focus on making policies that connect people and create meaningful relationships? A Conversation with Senator @ChrisMurphyCT and @RanaForoohar at @Hewlett_Found #NewCommonSense
@RanaForoohar @JosephEStiglitz On my long list of MUST reads Rana. Afternoon from Strasbourg.
The U.S. Chamber’s lawsuit to stop the non-compete ban references my bill to ban non-competes as evidence the FTC doesn’t have the power. Nonsense. The FTC totally has the authority to do this. My bill would just make sure the policy is permanent.
“The Federal Trade Commission’s decision to ban employer noncompete agreements across the economy is not only unlawful but also a blatant power grab that will undermine American businesses’ ability to remain competitive." Read @SuzanneUSCC's statement on why we will sue the FTC…
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