economics
May 18, 2012
Responsible Private Equity Investors Revitalizing U.S. Manufacturing | Huffington Post
by Marco Trbovich
Private equity firms and their investors from Taft-Hartley and state pension funds offered compelling accounts of their success in securing profitable returns on investment in U.S. manufacturing — especially in the Midwest — at the Heartland Capital Strategies fourth and final Responsible Investment Forum, organized in collaboration with the Blue Green Alliance.
Read the post, including a section of some of MAPA’s work, from the Huffington Post.
May 15, 2012
The Midwest’s Manufacturing Conundrum | The Atlantic Cities
By Richard Florida May 11, 2012
America’s manufacturing revival is being hailed by a growing chorus of voices. Manufacturing jobs increased at their fastest rate in almost a year, according to data from the Institute for Supply Management (ISM). The Boston Consulting Group is forecasting the creation of between two and three million new manufacturing jobs by 2020, which will contribute an estimated $20 to $55 billion in added economic output per year. (The Bureau of Labor Statistics is less bullish, projecting just 357,000 new manufacturing jobs will be created over the next decade). (more…)
May 14, 2012
Locating American Manufacturing: Trends in the Geography of Production | Brookings Institution Report
This report from the Brookings Institution offers “the first comprehensive analysis ever of the metropolitan geography of U.S. manufacturing.”
They note, “the report begins by situating the present moment of U.S. manufacturing. It continues by reporting a series of often surprising descriptive trends affecting the nature and location of American production. Finally, it concludes by proposing geographic high-road policies for American manufacturing. These policies require a federal platform that is sensitive to the ways in which manufacturing differs geographically. They require state and local decisionmakers to take the lead in adapting the high-road approach to their specific needs. This policy prescription differs from the general business attraction incentives that have dominated state and local economic development policy. These incentives (which cost state and local treasuries $70 billion annually) are problematic because they reduce the revenue available to fund investments in training and technology—investments that are essential to a high-road approach.”
Find the report along with an interactive map and metropolitan profiles here.
April 3, 2012
Reconstructing America’s Economic System Is Within Reach | Truthout
Excerpt from the introduction to the new paperback edition of “America Beyond Capitalism”:
The primary theoretical and strategic argument of America Beyond Capitalism is that an “evolutionary reconstruction” of the system is not only necessary but well within the range of long run possibility. The argument rests on three challenging assessments:
The first and foundational judgment is that (quite apart from other considerations) with the radical decline of organized labor as an institution from 35 percent of the labor force to 6.9 percent in the private sector (11.9 percent overall, and falling), a new progressive politics must ultimately build new institutional foundations to undergird its fundamental approach, or it will continue to remain in an essentially defensive and ultimately declining posture. (more…)
March 19, 2012
MUPPETEERED
Whether acting in or out as Miss Piggy, Big Bird, Oscar, the Cookie Monster, Kermit the Frog, Animal, Gonzo the Great or Fozzie Bear, according to Goldman Sachs, we, the 99%, are all Muppets in waiting. Those pulling our strings in the name of their own unalienable rights to unearthly wealth creation at our working class expense should be sued by Jim Henson from his grave for breach of contract with the cultural heartbeat and soul of a country that is still a great deal more than the sum of its markets. (more…)
March 6, 2012
Reasons to Believe
There is a new heartland heartbeat of hope and inspiration making its way across America providing freedom, sustenance, fulfillment, sustainable progress and community-recycled profits. Following English 101 guidance where our teachers taught it was far better to “show, not tell;” actual place-based economic models are starting to transform foreclosed, outsourced and “creatively destroyed” industrial and residential wastelands. Showing through working mainstream bipartisan parables instead of broadcasting via predictable and disheartening partisan political discourse, a new American reality is emerging just below the surface of decay, abandonment and despair where the eye that sees comes up short against the entrepreneurial mind that perceives and acts while the working class soul prospers.
We need to see, touch, and feel what’s possible, to immunize ourselves against the campaign “Super Pac” induced message viruses coming our way. Trapped by “the worst politics money can buy,” anonymously-funded campaign sloganeering turns the pros and cons of vulture versus virtuous versus crony capitalism practices and excuses into a futile and infertile debate. We only know what’s real in our lives, what we aspire to and how we have no choice but to calibrate and try to heal the suffering at home, next door and down the street. Surrounded by decades of premeditated economic devastation that grows stagnant ugliness as an annual metropolitan and rural mutant harvest, we need reasons to believe, reasons to transform moral hazard (over the top risks without bearing any consequences) into stakeholder “friends with benefits.”
While still micro-sited and not yet everywhere, and without falling into the delusional narcissistic trap of wishful thinking, there is a whole new economy struggling under America’s crusty, polarized skin, trying to break free and go to scale. (more…)
February 1, 2012
Homesteading for the One Percent
Inherited merit is perceived as un-American and justifiably so in the land of supposed equal opportunities. Historically, the “Far West” belongs to the enterprising and courageous pioneer, the indentured servant who paves his or her own way after voluntary conscription, the “failure is not an option” entrepreneur, the hard working immigrant, the colonial self reliant.
Tragically, America’s current housing crisis makes a complete mockery of this vision. More than a policy day late and a refinancing dollar short, now we have turned our underwater homeowners into Katrina-like refugees, disenfranchised in their own land.
January 13, 2012
The Bane of our Existence
“Sometimes people need to be fired, and sometimes they shouldn’t be hired at all. That’s reality.” So states Washington Post columnist, Kathleen Parker (“Romney’s rivals serve up a heaping helping of pious baloney”, published January 11, 2012). If only it were that simple…the gospel according to job creators.
Surviving the Great Recession with undisputable income inequality now the American norm, unfortunately not the un-American exception; too many unemployed, under-employed, foreclosed, and socially abandoned voters on all sides of the political spectrum are ready for something more useful from our political leaders this election year than a predictable and useless zero-sum debate placing all of the blame either on Wall Street or Washington D.C. In fact, the one percent versus the ninety-nine percent “occupy our public squares” protest-context frames this stand-off as the elites against the rest of us, fingering the collusion between big money and big government as the principal barrier to a more democratic prosperity. Extending this perception means that the powered and monied-up in both principal political parties are in the “peoples’ docket” with the “get out of jail free” verdict going to the most credible, the healers, the ones who lead by example, who turn their backs on trickle down and trickle up, who roll up their sleeves and get down in the ditch dregs with the rest of us as we dig our way out in ways we can believe. (more…)
November 15, 2009
Keep Wealth Local | Report
The Keep Wealth Local: Shared Ownership and Wealth Control for Rural Communities report is part of the Wealth Creation in Rural America initiative, funded by the Ford Foundation. The aim of the initiative is to help low-wealth rural areas overcome their isolation and integrate into regional economies in ways that increase their own- ership and influence over various kinds of wealth. The initiative has produced nine previous papers, which can be found here. The goal of this report is to advance the initiative’s broad aim of creating a comprehensive framework of community ownership and wealth control models that enhance the social, ecological, and economic well-being of rural areas.
Read the report here.
