Article Author: Craig Medlen

Trump’s Tariffs and the U.S. Multinational Firm

Trump’s Tariffs and the U.S. Multinational Firm

by Craig Medlen

March 1, 2026

Craig Medlen dissects the logic behind the Trump administration's efforts to impose tariffs as a way to counteract "unfair" U.S. trade deficits. Situating these deficits in the longer history of U.S. trade hegemony and its crumbling position in the global economy, Medlen uses incontrovertible data to illustrate how mainstream economic orthodoxy fails to acknowledge the effects of foreign inputs that integral to the workings of U.S. monopoly capital.
Free Cash, Mergers, and Capital Spillage

Free Cash, Mergers, and Capital Spillage

by Craig Medlen

January 1, 2025

Craig Medlen draws on decades of data to reveal how the creeping stagnation of the past half-century has led to the increasing consolidation of corporate monopoly power and concentration of firms by way of mergers and, importantly, the free cash that funds them. This stunning rise in free cash, fueled in part by government deficits, starkly reveals how the ruling class continues to enrich themselves and strengthen their position on the top of the economic heap.

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