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Александр Гамильтон
24 марта, 17:20

3 Top-Ranked Dreyfus Mutual Funds for Better Returns

Below we share with you three top-rated Dreyfus mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy)

21 марта, 22:25

Trump Is Defining the Presidency Down

The president may not realize it, but his conduct is making his office less powerful, less relevant and less influential.

21 марта, 19:37

Can the Country Survive Without a Strong Middle Class?

In a powerful new book, the legal scholar Ganesh Sitaraman argues that America’s government will fall apart as inequality deepens.

21 марта, 19:37

Can the Country Survive Without a Strong Middle Class?

In a powerful new book, the legal scholar Ganesh Sitaraman argues that America’s government will fall apart as inequality deepens.

16 марта, 16:11

What The Founding Fathers Taught Me About Democracy -- And Why It Matters More Than Ever In The Age Of Trump

A federal judge in Hawaii issued a restraining order against President Donald Trump’s travel ban Wednesday. U.S. District Judge Derrick Watson ruled that Trump’s order intentionally targeted Muslims and thus violates the U.S. Constitution. Trump had argued that the travel ban was necessary for the security of the country. But those who would give up liberty for security, Benjamin Franklin warned, “deserve neither.” The Trump presidency has me thinking a lot about the founding fathers and their remarkable wisdom and prescience. The Founding Fathers warned us about demagogues like Trump. Alexander Hamilton, one of the authors of the Constitution, said this: When a man unprincipled in private life desperate in his fortune, bold in his temper, possessed of considerable talents, having the advantage of military habits — despotic in his ordinary demeanour — known to have scoffed in private at the principles of liberty, when such a man is seen to mount the hobby horse of popularity—to join in the cry of danger to liberty — to take every opportunity of embarrassing the general government and bringing it under suspicion — to flatter and fall in with all the nonsense of the zealots of the day — It may justly be suspected that his object is to throw things into confusion that he may ‘ride the storm and direct the whirlwind.’ The founders taught us that democracies are at their best when their citizens are the most informed. This requires that citizens remain engaged and informed – and this requires us to be skeptical of our leaders and to investigate their claims. They knew that the “enemy of the people” was not the press, as Trump says it is, but anyone who would try to delegitimize the press. They knew that only a tyrant feared a free press. An informed citizenry depends on vigilant and critical journalism. The founders told us that a free press is indispensable to the democracy. So, too, is protest. When someone “rides the storm and directs the whirlwind” of tyranny, it is our duty as Americans to take to the streets and protest. Trump has criticized those who protest. He calls protesters “thugs.” He says, “We are not a democracy.” His supporters question the patriotism of protesters. Anyone who says this knows nothing about America or what it means to be an American. This country was founded on protest. Protest is as American as the Declaration of Independence. Criticism of the government is as American as Thomas Paine and Common Sense; irreverence is as American as the Boston Tea Party; and free speech is as American as The Constitution. The Constitution is America’s greatest contribution to civilization – and we do a great disservice to it and America when we neglect it. We must stand up to Trump. America’s future is at stake ― and so is its past. Democracy must defeat Trump before Trump destroys democracy. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

13 марта, 21:49

Twitter Hilariously Burns Kellyanne Conway For Microwave Comment

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); Twitter is boiling over with hilarity after Kellyanne Conway made a comment about “microwaves that turn into cameras.” During an interview with the Bergen County Record on Sunday, Conway talked about President Donald Trump’s unsubstantiated claim that his predecessor, Barack Obama, ordered wiretapping of his communications during the campaign. “Do you know if Trump Tower was wiretapped?” the interviewer asks Conway in the video above. In response, Trump’s counselor says, without evidence: “What I can say is there are many ways to surveil each other now, unfortunately. There was an article this week that talked about how you can surveil someone through their phones, through their — certainly through their television sets, any number of different ways, and microwaves that turn into cameras, etc., so we know that that is just a fact of modern life.” Though Conway clarified Monday on ABC’s “Good Morning America” that she wasn’t saying Trump and his campaign were being surveilled by microwaves, the damage was already done. Twitter users posted some pretty sweet burns about microwaves, Conway and surveillance. Here is what they cooked up:   #KellyanneConway might be onto something. pic.twitter.com/K77hwozxMK— Comedy Central (@ComedyCentral) March 13, 2017 The clock on my microwave hasn't been set to a time in years. I assume it's cause the FBI always knows the time. #KellyanneConway pic.twitter.com/7wyOiPEtjb— O General My General (@rideatdawn) March 13, 2017 Me to Microwave: Hey, you've been my cook for a long time so I hate to ask, but #KellyanneConway said you are a government spy?Microwave: pic.twitter.com/w6B0ftQHQB— Alt Fed Employee (@Alt_FedEmployee) March 13, 2017 Obama sending me a message about the fate of our country #KellyanneConway pic.twitter.com/u18oYYg6kh— Elaine Morado (@elaine_morado) March 13, 2017 #KellyanneConway the microwave is the leader but these guys are pretty clever too. Be vigilant. pic.twitter.com/eKwfWZOglH— Mrs. Brown (@MrsBrow60210191) March 13, 2017 How do you stop your Microwave from taking selfies and posting them on Snap Chat? #KellyanneConway— John Hergt (@natureofthings7) March 13, 2017 Because "Cook on High for 2-3 Minutes" is Pop Secret Information #KellyanneConway— Robert Quinn (@trumanquinn) March 13, 2017 The #BowlingGreenMassacre could of been prevented if the perpetrators had a microwave. #KellyAnneConway— Dave Barabas (@Dave_Barabas) March 13, 2017 #KellyanneConwayI thought the whole microwaves spying on us was bunk till I caught my stove & microwave battling it out this morning... pic.twitter.com/NzzdsVBW3X— The Anti-Trump (@IMPL0RABLE) March 13, 2017 I'm ready for my microwave, Mr. DeMille. #KellyanneConway— Randi Mayem Singer (@rmayemsinger) March 13, 2017 Welcome to #KellyanneConway neurotic nightmares... pic.twitter.com/DZaZrf07u4— MudNHoney (@Mud_N_Honey) March 13, 2017 You knew this had to happen. #resist @KellyannePolls #KellyanneConway @microwavegate pic.twitter.com/Fss7oTxzGM— Susan Pesznecker (@SuePesznecker) March 13, 2017 A new CIA director has been floating around, word on the street is he has the best spies around #StanfromSears #SPYpliences #KellyanneConway pic.twitter.com/TVmUuZ0nlo— Alexander Hamilton (@SecretaryAHam) March 13, 2017 Hey #KellyanneConway, I've got something to help you with those treacherous microwaves: pic.twitter.com/yQTq28SObd— tay (@SensiblySecular) March 13, 2017 #KellyanneConway Orville knows what you did last Summer. pic.twitter.com/KiQNNU70ei— Warren Sorich (@WarrenSorich) March 13, 2017 #KellyanneConwayI just walked in on my microwave and refrigerator watching Con Air together, I am so screwed on so many levels.— Seth (@sethshaffer) March 13, 2017 Thanks for the heads up @KellyannePolls !Wouldn't want my students to use my microwave to cheat on tests. #KellyanneConway pic.twitter.com/B4vO0JiveY— Mike Collins (@TheMikeC23) March 13, 2017 Proof that Obama has been secretly taping Trump... #KellyanneConway pic.twitter.com/FCeR8UJ6x7— CK (@charley_ck14) March 13, 2017 In the microwave, Barack...the MICROWAVE. #KellyanneConway pic.twitter.com/OYftIkYKan— Girls Really Rule. (@girlsreallyrule) March 13, 2017 -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

10 марта, 09:00

Чьи портреты поместят на новые доллары

Ни для кого не  секрет, что Америкой правит Федеральная резервная система США. Главные акционеры Федерального резерва –  хозяева денег, они же – хозяева Америки. Для укрепления и сохранения власти хозяевам денег нужна «своя» история. Поэтому историю переписывают  – не только в учебниках и голливудских фильма, но также и на денежных купюрах. За последнее столетие американская […]

05 марта, 09:27

Fox News: демократам нужен «русский след», чтобы связать Трампу руки

Я уверен, что вы видели этот список демократов. Последней в нём оказалась Клэр Маккэскилл. Вчера, когда из-за этого разгорелась шумиха, она заявила: «Ещё раз: как старший член комитета по вооружённым силам я ни разу не получала ни письменного, ни устного приглашения от российского посла. Я ни разу не встречалась с ним наедине». Правда, позже она исправилась и добавила: «4 года назад была на встрече, посвящённой международным усыновлениям, где присутствовало много сенаторов. Российский посол тоже там был». Я видел фотографию: за столом сидело много людей. Суть в том, что такое всё равно происходит. И утверждать, что одна партия гораздо больше контактирует (с российскими чиновниками. — RT), чем другая — это как минимум вводить в заблуждение.

04 марта, 00:15

Enemy Of The People, The Musical! Move Over Hamilton, Meet Benjamin Franklin Bache

While the infamous “Reynolds Pamphlet” on Alexander Hamilton’s sex scandal takes center stage in the Broadway musical phenomenon “Hamilton,” the assault on the free press and the First Amendment in its bitter aftermath might be the most chilling cautionary tale for our times. Move on Alexander Hamilton. Meet Benjamin Franklin Bache, the first journalist “enemy of the people.” Politics were bitterly divided in 1798, too.  Noah Webster, whose hallowed dictionary we all cherish now, employed a few choice words against the Democratic Republicans and journalists in opposition to the Federalists: “The refuse, the sweepings of the most depraved part of mankind from the most corrupt nations on earth.” An inordinate fear and fearmongering over a growing immigrant population took place among politicians in those times, too. President John Adams touted an Aliens Friends Act to deport anyone he deemed dangerous.  But an alien invasion from France was the least of his concerns.  Adam was a thin-skinned president, vaguely reminiscent of present-day office holders. He brisked at the giggles over his moniker as “His Rotundity,” and railed against what he considered deceptive and false characterizations of his administration by certain journalists.   Fake news, in today’s parlance. Enter Benjamin Franklin Bache, the badass grandson of the inventor, and muckraking editor of the Philadelphia Aurora newspaper, who didn’t cower to Adam’s monarchical haughtiness.  The European-educated Bache had already been banned earlier that year from covering the proceedings of the House of Representative on the floor with the rest of the journalists after his reports exposed some salty language from a brawl. “The right of the people of the United States to listen to the sentiments of their representatives,” he declared in vain, “was acknowledged by the first agents whom they appointed to express their voice in that assembly.” Adams might recall a certain president today in more than one way. He once wrote about preferring the title of “His Highness, the President of the United State and Protector of the Rights of the Same.” Bache simply found him an “old, querulous, Bald, blind, crippled, Toothless Adams.” It was Bache’s Aurora newspaper that chastised Adams for Alexander Hamilton’s infamous case of adultery, after the release of James Thomson Callender’s scandalous “Reynolds Pamphlet.”  Bache didn’t earn a musical―and his role as the first journalist to hold the line on the freedom of the press has been forgotten in history.  Far from ignoring Bache and others, Adams, and other Federalists, had other ways to deal with journalists they considered the opposition. This is the cautionary tale that didn’t go well for Americans. Under the guise of a threatened nation, invoking unholy French alliances among the American press and supposed spies, Congress passed the Sedition Act of 1798 intently to clamp down on the emerging free press hailed by Bache.  “To write, print, utter or publish, or cause it to be done, or assist in it, any false, scandalous, and malicious writing against the government of the United States, or either House of Congress, or the President”―-this was now a high misdemeanor, warranting imprisonment for journalists. What President Trump deemed the “enemy of the people,” in other words, was not simply dismissed on twitter—but jailed, in a harrowing reminder of political power gone awry. Even before the law was passed, a Federalist-appointed judge issued an arrest warrant for Bache, who was hauled to the Philadelphia jail.  He was charged with “tending to excite sedition, and opposition to the laws, by sundry publications.”  Released from jail, Bache wouldn’t back down. His newspaper office was attacked repeatedly with rocks. “Like the British monarch, John Adams now has the Alien and Sedition Acts to silence his critics,” he wrote to his readers.  He defended the First Amendment in defiance. Legions of other newspapers and critics defied Adams and the Federalists. Unfortunately, Bache would never have his day in court; he died a few months later from the scourge of yellow fever.  The scourge of the Sedition Act witch hunts would continue against select journalists for another year, including Hamilton critic Callender, though not without consequence.  Every musical has its last epic scene. Igniting a backlash against Adams and the Federalists, Thomas Jefferson and James Madison led a movement in Virginia and Kentucky against the repressive acts against free speech and freedom of the press, leading to Jefferson’s presidential election in 1800.  The Acts expired three days before Jefferson’s inauguration. An unfortunate footnote in history, Bache’s admonition to other journalists, and all American citizens, should resonate today: What alternative do we have between an abandonment of the constitution and resistance? It may take a musical on Broadway, unless we see the revival of Alien and Sedition Acts in 2017 from a White House and Congress offended by journalistic inquiry and challenge, to answer that question. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

01 марта, 07:04

Хозяева денег переписывают историю Америки прямо на купюрах

Ни для кого не  секрет, что Америкой правит Федеральная резервная система США. Главные акционеры Федерального резерва –  хозяева денег, они же – хозяева Америки. Для укрепления и сохранения власти хозяевам денег нужна «своя» история. Поэтому историю переписывают  – не только в учебниках и голливудских фильма, но также и на денежных купюрах. За последнее столетие американская история в купюрах  была хорошо «отредактирована», и бумажные денежные знаки меняли своё оформление не единожды.Судя по всему, хозяева денег намерены продолжать эту работу. В апреле прошлого года тогдашний министр финансов Джейкоб Лью заявил, что к 2020 году денежные знаки достоинством в 5, 10 и 20 долларов поменяют дизайн.  Министр финансов представил дело таким образом, что планы переделки купюр – не прихоть власти, а «глас народа».

28 февраля, 06:45

Хозяева денег переписывают историю Америки прямо на купюрах

Ни для кого не  секрет, что Америкой правит Федеральная резервная система США. Главные акционеры Федерального резерва –  хозяева денег, они же – хозяева Америки. Для укрепления и сохранения власти хозяевам денег нужна «своя» история. Поэтому историю переписывают  – не только в учебниках и голливудских фильма, но также и на денежных купюрах. За последнее столетие американская история в купюрах  была хорошо...

22 февраля, 19:56

America’s Monopolies Are Holding Back the Economy

Consolidated corporate power is keeping many products’ prices high and quality low. Why aren’t more politicians opposing it?

Выбор редакции
14 февраля, 06:09

Steve Mnuchin sworn in as treasury secretary

Steve Mnuchin on Feb. 13 was sworn in as treasury secretary by Vice President Pence. Mnuchin said after being sworn in that it was “a great honor to follow in the footsteps of Alexander Hamilton and so many great treasury secretaries.”

13 февраля, 20:00

Answering Your Questions on Trump and the Rust Belt

(Editor’s note: Alana Semuels joined the TAD discussion group of Atlantic readers for an “Ask Me Anything,” and a…

13 февраля, 18:32

Is Trump Really Facing Historic Opposition To His Cabinet Nominees?

President Donald Trump tweeted "It is a disgrace that my full Cabinet is still not in place, the longest such delay in the history of our country." But is that really the case? To determine this, I compare votes opposing cabinet nominees to what President Obama and other recent chief executives faced, as well as how long it took each president to get their cabinet in place. When I was a college student, I got a chance to attend a lecture by, and later meet, Judge Robert Bork, Ronald Reagan's nominee for the Supreme Court who was defeated for confirmation in the late 1980s. It got me thinking about presidents and whether their nominees are confirmed by the Senate. Anthony Zurcher with the BBC looks at just this issue. First, on the subject of "no" votes, Obama's cabinet nominees faced more than 400 "No" votes. By comparison Trump has faced only about 100 "No" votes for his nominees. He's still got some more cabinet officers to go before the Senate, but his most controversial ones (Sessions and DeVos) have already had their votes. Others have sailed through. Unless there is a major set of scandals, he is unlikely to break Obama's record for historic cabinet opposition. For the record, George W. Bush had more than 150 votes against his nominees, followed by Reagan (about 125) and Nixon (about 110). Bush, who also lost the popular vote en route to the presidency and faced a 50-50 Senate, had his cabinet picked within weeks. Bill Clinton and George H. W. Bush had their cabinet read by mid-March, but Barack Obama didn't have his cabinet fully confirmed until the end of April, according to that BBC report. As of the writing of this column, it is mid-February, so Trump has a long way to go to catch up with obstruction to Obama's Cabinet. And that doesn't even count the cabinet replacements, who had to wait months during the Obama Administration for a vote. And for obstruction, ask Judge Merrick Garland what it's like to wait a year, and not even get a hearing, much less a vote. I bet that doesn't happen to Neil Gorsuch. The Wall Street Journal also generally agrees with the BBC report, finding that Trump's cabinet picks are on pace with Reagan's and Clinton's waiting period. I'm sure you are thinking this is nothing like the good old days of the Founding Fathers, when cabinet nominations just sailed through Congress. Think again. Writing in the Harvard Law Review, Henry Paul Monaghan describes how President George Washington's second Chief Justice nominee was not only a member of the original Constitution Convention, but an Associate Supreme Court Justice and acting Chief Justice, seeking a full-time appointment. But he was defeated because he didn't like the Jay Treaty. "Indeed, in the first 105 years of American constitutional history, almost one-fourth of the nominees (20 out of 81) failed to win confirmation; others were confirmed only after intense controversy," Monaghan wrote. We tend to forget that this was the era of Burr-Hamilton duels, the bitter 1800 election, and the Jefferson-Adams silent treatment days. As conservative Washington Times columnist Bruce Fein, a Reaganite, wrote "Alexander Hamilton described the Senate confirmation power as 'an excellent check upon a spirit of favoritism in the President' and explained that it would deter 'the appointment of unfit characters from State prejudice, from family connection, from personal attachment, or from a view to popularity." That seems to be the route that the Senate is going, whether led by Republicans or Democrats. John A. Tures is a professor of political science at LaGrange College in LaGrange, Ga. He can be reached at [email protected] -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

09 февраля, 20:33

How Alexander Hamilton Can Help Reverse The Mess In the Workplace

Learn from the men who still inspire us two centuries later.

09 февраля, 19:52

Not Even Andrew Jackson Went as Far as Trump in Attacking the Courts

The former president was critical of Chief Justice John Marshall’s rulings. But it was on constitutional, rather than political or personal, grounds.

07 февраля, 19:48

Trump’s War On The Courts, The Press And The States

With congressional Republicans in the majority in Congress and unwilling to cross Donald Trump, the job of containing Trump’s incipient tyranny falls to three centers of independent power: the nation’s courts, its press, and a few state governments. Which is why Trump is escalating attacks on all three. The judiciary After federal Judge James Robart – an appointee of George W. Bush – stayed Trump’s travel ban last Friday, Trump leveled a personal attack on the judge. “The opinion of this so-called judge, which essentially takes law-enforcement away from our country, is ridiculous and will be overturned!” Trump tweeted Saturday morning. This was followed by another, late Sunday night: “Just cannot believe a judge would put our country in such peril. If something happens blame him and court system.” For a President to personally attack a federal judge who disagrees with him is a dangerous overstepping of presidential power. As Alexander Hamilton famously wrote in the Federalist No. 78, the judiciary is the “least dangerous” branch of government because it has “no influence over either the sword or the purse.” It depends for its power and legitimacy on congress and the president.   Mike Pence tried to defend Trump, saying “the president of the United States has every right to criticize the other two branches of government. And we have a long tradition of that in this country.” Wrong. While other presidents have publicly disagreed with court decisions, none before Trump has gone after individual judges with personal invective. None has tried to intimidate individual judges. None has questioned the legitimacy of the courts. Trump is on the warpath against Robart because he defied Trump.  The press Speaking to the U.S. Central Command on Monday, Trump veered off his prepared remarks to make a remarkable claim: The media was intentionally covering up reports of terrorist attacks. “You’ve seen what happened in Paris, and Nice,” Trump told the assembled military officers. “It’s gotten to a point where it’s not even being reported. And in many cases the very, very dishonest press doesn’t want to report it. They have their reasons, and you understand that.” Trump thereby elevated his advisor Kellyanne Conway’s “Bowling Green massacre” justification for his travel ban – a massacre that she claimed the press had failed to cover, but which in fact never occurred – to a higher and vaster level of conspiracy.  What could be the press’s reason for covering up terrorist attacks, in Trump’s mind? What is it that Trump assumed the military officers “understood?” The only possible inference is Trump believes that the press – like Judge Robart – seeks to imperil our nation, because it doesn’t cow tow to Donald Trump.  The states State governments pose a third line of defense against Trump. Several state attorneys general have taken Trump’s travel ban to court, and one particularly large Democratic state – California – has defied him on immigration and the environment. So Trump is directed his ire against these states as well. In a televised interview Sunday, Trump threatened to take federal dollars away from California. “We give tremendous amounts of money to California … California in many ways is out of control …. We may have to [defund California]. Certainly that would be a weapon,” he told Fox News’s Bill O’Reilly, A weapon for what? What could Trump have been talking about? The federal government doesn’t give tremendous amounts of money to California, at least not net dollars. In fact, Californians send more tax dollars to the federal government each year than the state gets back from the federal government. Fiscally, California isn’t “out of control.” Since 2013, the state has operated with a budget surplus. That’s more than can be said for the federal government. Or for Trump’s own business, for that matter. Trump’s real beef is California is independent of him. It has defied Trump with its high environmental standards and “sanctuary” cities. Even worse, from his standpoint, its citizens voted against him in the 2016 election by 2 to 1, for a total of over 4 million votes. He can’t seem to get this out of his mind.  Trump has repeatedly suggested that millions of those votes were fraudulent. Last week, Trump spokesman Sean Spicer identified California as one of the “bigger states” that merit a federal probe into election fraud, adding, “That’s where I think we’re gonna look.” But Trump has no evidence of voter fraud in California, or any other state for that matter. For Trump, evidence is irrelevant. California needs to be taught a lesson – just as do Judge Robart and other members of the federal judiciary who defy him, just as do journalists and media outlets that criticize him. And what is that lesson? That they dare not cross Trump. The judiciary, the press, and California are major centers of resistance to Trump, because they are independent of him. So he’s escalating his attacks on them.  Trump doesn’t want any resistance. He wants total control.  Orginally published at robertreich.org. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

07 февраля, 01:38

7 Cable TV Segments America Wishes Trump Could Watch

Can the media can go from being the president's punching bag to his policy adviser?

03 февраля, 02:42

Did someone just say "Industrial Policy?"

Let's take a breath and step back from our circus-like introduction to the Trump era. A few weeks ago, we were trying to decode voters' messages in the US and UK. Donald Trump, Bernie Sanders, Hillary Clinton, and millions of voters said we have lost trust in the way we've managed globalization. Brexit and the US presidential campaigns broke the spell we had been under during 20 years of neoliberal free trade orthodoxy. Even before the election, growing public opposition had worn away support for TPP, the 12-country trade deal. TPP failed because our free trade approach to globalization is exhausted. Decades of neoliberal market fundamentalism had conditioned us to accept millions of lost jobs, reduced bargaining power for workers, deindustrialization, stagnant wages, and unchecked climate change. We are ready for a new approach that would balance trade and share the gains from globalization. Labor, environment, and other civil society groups have specific goals - deal with inequality, climate change, access to medicine, food security, internet freedom, and other non-economic issues at home and abroad. Donald Trump openly endorses industrial policy. To me, "industrial policy" means intervening in markets to prevent or correct market failures. For decades, it was the policy that could not be named in Washington DC. Industrial policy is the conceptual opposite of neoliberal free market - free trade orthodoxy. Industrial policies can be good or bad. Good ones can serve legitimate national interests and bad ones cause grief - just like good or bad policies for health care, banking, infrastructure, and education. Good industrial policies can help us manage globalization better. China, Japan, Korea, Germany and other countries have very effective well-designed industrial policies that serve their national interests. Japan, Korea and other countries made extraordinary progress from third-world to first-world status using industrial policies. America industrialized under Alexander Hamilton's industrial policies. The New Deal was a collection of industrial policies. Buy American is an industrial policy that makes perfect sense to workers and voters. California buys steel to build the Bay Bridge. Why would we buy unfairly subsidized steel from China and accept the headaches from bad welds and cost overruns? Dean Baker describes a great way to lower prescription costs. We could fund and manage clinical trials as a public program. In addition, we could retain more public control over how new drug patents are commercialized. This industrial policy would bring drugs to the market based on public health criteria, rather than profit. Taxpayers pay directly for prescriptions through Medicare, Medicaid, and the Veterans Administration. We could be pay ourselves back in lower drug costs, and focus on medical outcomes, not marketing goals. Publicly funded R&D is an industrial policy. We should modify current practice, to retain greater control of licensing for publicly-owned patents. We can specify a nominal licensing fee when a patent is commercialized in the US, and a higher fee if production goes offshore. Large companies can entice states into bidding wars for a new facility. Instead of bidding wars, states could establish economic development funds. Washington State and California have billion-dollar initiatives targeted at biotech. Washington's fund solicits bids from all companies for a portion of the development fund. Each bid is scored according to measures of public good, such as the number of family-wage jobs with benefits, or investment in plant and equipment. We could also require a commitment (subject to clawbacks) to maintain employment for a minimum period of time. This industrial policy reverses the power relationship between states and companies. Now, states have a scarce resource - access to the fund - and companies bid against each other for the scarce public resource. Companies should state in their annual tax filings how many workers they employ in the US and how many in other countries. We can create a global institution for labor and environment. Investors and global companies already have 3 global financial institutions - the World Trade Organization, International Monetary Fund, and World Bank. Civil society needs its own global institution with powers and authority comparable to the WTO, IMF, and World Bank. The Sierra Club proposed a border adjustment mechanism for future trade deals. Countries have made environmental commitments under previous trade deals. If they meet those obligations, products from their country can have access to our markets with low tariffs. Countries who fail to meet their obligations will see a border adjustment on all their products. This gives them a market incentive to meet their commitments. That idea can be generalized. Countries have also made commitments about improving labor rights, and controlling human trafficking. A similar border adjustment can apply when countries fall short of their commitments for labor rights and human trafficking. The same mechanism can enforce commitments to investors, such as currency manipulation, unfair subsidies, and unjust expropriation of property. The Export-Import Bank is a remnant of the New Deal. The Export-Import Bank guarantees loans for exports. This is an industrial policy because of a requirement for 85% domestic content. The product must be made, mostly, in the US. Many states subsidize residential solar panels, electric vehicles or wind generators, with special preferences for locally produced materials. This is an obvious industrial strategy - one of many required to control climate change. These and many other industrial policies would be in direct conflict with neoliberal free trade orthodoxy. It makes no sense to allow free trade orthodoxy to block policies that express our values as a country. Effective well-designed industrial policies should drive our trade policy, not the other way around. Said differently, we cannot tweak TPP. We need to rethink our approach to globalization. Design criteria for our industrial policies should include balanced trade, keeping capital investment flows roughly in balance, and most importantly balancing public interests with investor interests. Effective industrial policies drive upward spirals in our domestic manufacturing capacity, employment in family-wage jobs, labor rights, human rights, and environmental protections at home and abroad. We can choose policies that share the gains of globalization more broadly. Public policies are necessary to address the two biggest market failures in human history - inequality and climate change. We can pursue our legitimate national interests, raise standards around the world, and build a sustainable global system that works for everyone. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.