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.

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.

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.

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.

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.

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

El Salvador Ruling Offers a Reminder of Why the TPP Must Be Defeated

 Obama is waging a full-court press to pass the unpopular trade treaty after the November elections.

The Best and Worst Presidents on Taxes

From Reagan to Roosevelt, tax fairness continues to fluctuate along with our elected leaders.

Free Trade’s Regulatory Chilling Effects

Under deals like the TPP, countries that might otherwise have curtailed corporate activities won’t do so, simply out of fear of being sued by multinational corporations.

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.”

Wells Fargo CEO Should Pay Back All Scam-Inflated Pay

$154 million of Stumpf’s pay, subsidized by taxpayers, qualified for this write-off between 2012 and 2015.

Presidential Politicians Are All Bark, No Bite on CEO Pay

While candidates are busy ranting about Wall Street’s fat cats, taxpayers are left picking up their billion-dollar tab.

The Failure of Bill Clinton’s CEO Pay Reform

A new IPS report finds that executive pay of Wall Street bankers has skyrocketed, despite the 1992 reform. Will Hillary fix it?

Executive Excess 2016: The Wall Street CEO Bonus Loophole

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

Ending Tax-Dodging by Utilities Could Prompt a Clean Energy Transition

A new IPS report found that there’s a huge amount of money lost in tax breaks that could help low-income families become energy efficient, Janet Redman tells the Real News Network.

Mike Pence Is a Loyal Friend to Polluters

In 2015 the Indiana governor told Obama in no uncertain terms that his state would not be complying with the Clean Power Plan.

Utilities Pay Up

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

The Democratic Platform Goes After Wall Street

The platform draft shows Democrats are willing to bite the hand that feeds them – but will they follow through?

Free Trade Agreements Have Exacerbated a Humanitarian Crisis in Central America

Proposals like the Alliance for Prosperity Plan and the Trans-Pacific Partnership will only accelerate a race to the bottom for families in the Northern triangle of Latin America, Manuel Perez-Rocha said at the AFL-CIO conference on U.S. trade policy.

The DNC’s Draft Policy Agenda Shows a Major Shift in the Financial Transactions Tax Debate

Advocates will continue to push for the tax on Wall Street that could raise billions in revenue over 10 years.

Could Elizabeth Warren Fix Clinton’s Progressive problem?

Clinton could address voter skepticism and shatter another glass ceiling by creating the first all-female presidential ticket.

It’s Up to Us to Level CEO Pay

Let’s stop waiting for corporate insiders to fix staggering executive pay inequality.

The Big Banks Can Be Beaten

Working families are turning their anger at Wall Street into action.

At the ILC, We Need to Think Beyond the Minimum of Decent Work

This summer’s International Labour Conference is our chance to initiate an intersectional view of supply chains.

 Upset About Excessive CEO Pay? So Are Some BlackRock Shareholders

 A proposal to put more muscle into the firm’s approach to CEO pay failed, but some are declaring it a victory anyway.

Wall Street as a Matter of Life and Death

For New York City AIDS activist Bobby Tolbert, drug profiteering and tax dodging by financial elites is a violation of basic American values.