Global Economy

The Global Economy Program provides research, communications, and networking support to dynamic economic justice movements in the United States and around the world. Our goal is to speed the transition to an equitable and sustainable economy while reversing today’s extreme levels of economic and racial inequality and excessive corporate and Wall Street power. The program focuses its work on six inter-related areas:

Inequality and CEO Pay

The program collaborates with a broader IPS team to produce Inequality.org and a related weekly newsletter that highlights the latest data and the sharpest strategies to reverse extreme inequality in the United States and around the world. The program is also a leading resource on one key driver of inequality — runaway CEO pay. For more than two decades, our annual report series “Executive Excess” has drawn extensive media coverage to the issue of CEO pay and practical solutions. A newer report series, “A Tale of Two Retirements,” is the first to track the staggering gap in retirement benefits between wealthy CEOs and ordinary Americans.

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Trade, Investment, and Mining

The program works with grassroots activists around the world to advance alternative international trade and investment policies that elevate environmental, human, and labor rights above narrow corporate interests. In recent years program staff have played a lead role in supporting a successful campaign in El Salvador to defend against global mining corporations’ attempts to steamroll local resistance to harmful extractives projects.

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Recent Posts Related to Trade, Investment, and Mining

Black Workers Initiative

The Black Worker Initiative aims to help expand opportunities for black worker organizing and thereby greatly contribute to the revitalization of the U.S. labor movement as a whole. This program is deeply committed to helping achieve both the historic and contemporary aims of the labor and civil rights movements.

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Wall Street and Global Finance

IPS staff play lead roles in coalitions working to restore the financial sector to its proper purpose of serving the real economy. We track the reckless Wall Street bonus culture, for example through our annual “Off the Deep End” report on the size of the financial industry bonus pool versus the cost of paying restaurant servers and domestic workers a living wage. We also advance innovative reforms such as a small tax on Wall Street speculation to curb short-term trading and generate massive revenue for urgent public needs, such as fixing our crumbling national infrastructure.

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Low-Wage Workers

IPS staff play lead roles in coalitions working to restore the financial sector to its proper purpose of serving the real economy. We track the reckless Wall Street bonus culture, for example through our annual “Off the Deep End” report on the size of the financial industry bonus pool versus the cost of paying restaurant servers and domestic workers a living wage. We also advance innovative reforms such as a small tax on Wall Street speculation to curb short-term trading and generate massive revenue for urgent public needs, such as fixing our crumbling national infrastructure.

Featured Report

Recent Posts Related to Low-Wage Workers

Inequality.org

Inequality.org and a related weekly newsletter are key resources for the public at large, journalists, teachers, students, academics, activists, and others seeking information and analysis on wealth and income inequality. Here, we collect the latest developments on inequality and keep readers abreast of relevant information concerning the widening wealth gap. We highlight stories from activists on the front lines of the fight against extreme inequality and share information that can be used for ongoing campaigns.

Latest Work

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Victory on Elder Care Equity Sets a Marker for 2020 Debates

Of the 11 members of Congress running for president, eight have endorsed expanded public support for long-term care. Washington Governor Inslee can claim real action.

Mining Companies Use Excessive Legal Powers to Gamble with Latin American Lives

In more than two-thirds of the mining-related lawsuits against governments in the region, communities have been actively organizing against the mining activities.
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How Wall Street Drives Gender and Racial Inequality

If the minimum wage had kept up with Wall Street bonuses, it would be worth $33 today, instead of just $7.25.
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The Reality Behind the ‘Surging’ U.S. Economy

A tiny uptick in wages won't do much to help Americans squeezed by debt and facing rising prices for medicine, child care, housing, and other essentials.
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The Economy is Thriving. Are You?

Trumpeting rising GDP and disposable income ignores harsh economic realities for working class people.
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Does Donald Trump Believe His Bizarre Bluster on Immigration?

The president hopes to punish sanctuary cities with his imagined flood of violent undocumented immigrants but the reality is very different.

IPS Expresses Deep Sadness and Sincere Condolences with Family, Friends, and Movements in Latin America at the Sudden Loss of Four Dearly Loved Defenders in Guatemala

Today we are reminded about how important it is to appreciate and care for eachother every day as part of long and challenging struggles for the health, dignity and self-determination of communities and peoples.
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Scapegoating Unions for the Postal Service's Phony Crisis

At a recent Senate hearing, some officials attempted to divert attention from the real cause of post office financial losses by blaming worker rights.
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Enough Collusion Talk. It's Time to Focus on Trump's Corruption.

If there is a silver lining to the confusion and disappointment of Russiagate, it is that we can now pay attention to the real fleecing.
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What’s Worse Than Ticket Scalpers? Stock Scalpers.

A new Wall Street Tax proposal would crack down on the high frequency traders that are cheating the rest of us.
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What States Can Do to Reduce Poverty and Inequality Through Tax Policy

State governments have many options for recouping the windfalls large corporations and the wealthy received through the 2017 Republican federal tax law.
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Bernie Sanders' 77 Percent Estate Tax for Billionaires is Not Enough

The tax will raise revenues. But unless a glaring loophole is closed, the corrosive effects on our democracy will continue.
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If You Hate Campaign Season, Blame Money in Politics

The fact that 2020 candidates are announcing now is a testament to the huge expense of elections. Can a new law change that?
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For Dell’s Billionaire CEO, Taxing the Ultra-Rich is a Joke

Michael Dell falsely argues that top marginal tax rates as high as 70 percent have never worked.
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U.S. Tax Policy Can Turn on a Dime. Has Alexandria Ocasio-Cortez Just Turned It?

The youngest lawmaker in Congress delivers a history lesson America has needed for years.
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The Postal Worker’s Christmas

My grandfather was part of a long tradition of postal workers who sacrificed Christmas Eve with their families to deliver holiday packages.
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AMLO Goes Full Throttle Against Neoliberalism — But What About NAFTA?

Mexico’s first left-wing president gave a fiery inaugural speech against neoliberalism in Mexico. But he barely mentioned NAFTA.
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Corporations Should Share the Wealth Before Buying Back Stock

Senator Sanders has introduced a bill that would ban Walmart and other big corporations from repurchasing their stock unless they narrow the gaps between CEO and worker pay.
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6 Women of Color Who Campaigned for Congress on Inequality and Won

Each is heading to Washington to advance a bold social and economic justice agenda, with a strong focus on reversing inequality.
OceanaGold-Report

Time For Duterte to Shut Down This Mining Company

OceanaGold has not adhered to its commitments under its mining permit and various Philippine laws and regulations.

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Experts

John Cavanagh

John Cavanagh

Executive Director

Reports

Report: Extraction Casino

Report: OceanaGold in the Philippines

Ten Violations that Should Prompt Its Removal

Executive Excess 2018

How Taxpayers Subsidize Giant Corporate Pay Gaps
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Report: CEO-Worker Pay Ratios in the Banking Industry

A decade after the crash, excessive pay is still a problem at the mega-banks and the 2nd-tier firms that stand to benefit from the current deregulation push.

Report: Corporate Tax Cuts Boost CEO Pay, Not Jobs

This 24th annual report rebuts the GOP claim that slashing the corporate tax rate will lead to more and better jobs.

Report: The CEO Pay Tax Break in the Republican Health Care Proposal

The cost of removing Obamacare limits on the tax deductibility of executive compensation, based on pay data at the top 5 insurers.

Report: The Wall Street Bonus Pool and Low Wage Workers

The 2016 bonus pool held enough dollars to lift the pay of all of the country's more than 3 million servers up to $15 an hour.

Report: A Tale of Two Retirements

As working families face rising retirement insecurity, CEOs enjoy platinum pensions.

Help Spread the Word: #CanURetire

Help us spread the word about our latest report, "A Tale of Two Retirements: As Working Families Face Rising Retirement Insecurity, CEOs Enjoy Platinum Pensions."

Executive Excess 2016: The Wall Street CEO Bonus Loophole

This 23rd annual report reveals how taxpayers are subsidizing financial crisis windfalls.

Utilities Pay Up

How ending tax dodging by America's electric utilities can help fund a job-creating, clean energy transition.

Mining, Corporate Social Responsibility, and Conflict: OceanaGold and the El Dorado Foundation in El Salvador

This study finds that OceanaGold’s attempt to rebrand its proposed gold mine in El Salvador through the use of a company-sponsored foundation at the local level is deceitful, disrespectful and dangerous

Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers

The financial industry’s 2015 bonuses were double the combined earnings of all Americans who work full-time at the federal minimum wage.

CEO Stock(ing) Stuffers

Loophole allowed 10 companies to shave $180 million off their taxes for CEO pay last year.

A Tale of Two Retirements

One hundred CEOs have as much in retirement assets as 41 percent of American families.

Executive Excess 2015: Money to Burn

This 22nd annual report reveals how CEO pay is accelerating climate change.

Peoples Sovereignty vs. Impunity Inc.: Counterpower and Struggles for Justice

A new book from the Transnational Institute (TNI) includes the article "The Pacific Rim - Oceana Gold Case against El Salvador; impunity and violations of human rights, democracy and human rights", written by IPS Associate Fellow Manuel Perez-Rocha

TTIP - Why the World Should Beware

The Transatlantic Trade and Investment Partnership (TTIP) is a comprehensive free trade and investment treaty currently being negotiated – practically in secret – between the European Union and the United States of America.
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Burning Our Bridges

President Obama and some members of Congress think the easiest way to fund infrastructure is by granting corporations a large tax cut on their untaxed offshore profits.
Businessman with a briefcase full of money

Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers

The financial industry’s 2014 bonuses were double the combined earnings of all Americans who work full-time at the federal minimum wage.