Joseph Baines
Biographic Data
| ID | 3594535 |
|---|---|
| NAME | Joseph Baines |
| GIVEN NAMES | Joseph |
| FAMILY NAME | Baines |
| SIGNATURE | BAINES J |
| AFFILIATIONS | King's College London |
| ORCID | 0000-0002-0554-2998 |
| VERIFIED | Yes |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 59 |
| WORKS AS AUTHOR | 12 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2013 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 6 |
The Spatial Limits to Weaponizing Interdependence
The US–China rivalry is focusing attention on how geoeconomics impacts corporate operations and global production networks. States are seeking to weaponize interdependence through policies like sanctions and export controls, and through instrumentalizing corporations as tools to secure relative gains over geopolitical rivals. This article examines how firms’ territorial embeddedness complicates states’ weaponization efforts. To illustrate this ph…
Which side are you on? Geoeconomic coercion and German corporate networks in the US–China rivalry
As the US-China rivalry intensifies, both states are mobilizing an array of tools - including tariffs, financial sanctions, export restrictions, and company blacklists - in a bid to strengthen their relative position within the global economy. These dynamics have generated profound challenges for Germany. Facing mounting pressure from both sides, its deep economic entanglements render it unable to align with either superpower or to effectively he…
Rentiership and intellectual monopoly in contemporary capitalism
In recent years, the concepts of rentiership and intellectual monopoly have gained prominence in discussions about the weakening link between corporate profitability and capital investment in high income countries. However, there have been few if any attempts to construct measures for rentiership and intellectual monopoly using firm-level financial data. The absence of such work, we argue, is symptomatic of challenges in delineating what qualifie…
A Chip War Made in Germany? US Techno‐Dependencies, China Chokepoints, and the German Semiconductor Industry
As geo-economic and geopolitical rivalries intensify, the US is weaponizing its power in global semiconductor supply chains to restrict Chinese technological development. To win this chip war against China, the US must compel key foreign firms in Asia and Europe not to supply its adversary with the materials, tools, and know-how needed to make advanced semiconductors. But will these firms agree to follow the US chip embargo and avoid the lucrativ…
The geographies and geopolitics of industrial policy
Industrial policy is witnessing a global resurgence. We propose that well-designed industrial policy must consider an industry’s regional structures, global linkages, and (variegated) exposures to geopolitical dynamics. In 2023, the UK government published a National Semiconductor Strategy. The National Semiconductor Strategy aims to grow this high-value sector, mitigate supply chain disruptions and protect national security. However, the strateg…
The Great Debt Divergence and its Implications for the Covid-19 Crisis
The COVID-19 pandemic has amplified longstanding concerns about mounting levels of corporate debt in the United States. This article places the current conjuncture in its historical context, analysing corporate indebtedness against the backdrop of increasing corporate concentration. Theorising leverage as a form of power, we find that the leverage of large non-financial firms increased in recent decades, while their debt servicing burdens decreas…
Commodity traders in a storm
Commodity trading firms occupy a central position in global supply chains and their activities have been associated with financial instability, social upheaval and manifold forms of ecological devastation. This paper examines these companies in the context of debates regarding corporate financialization. We find that since the 2003–2011 commodity boom, trading firms have become less financialized in terms of the source of their profits as they ha…
The Tax Advantage of Big Business
Corporate concentration in the United States has been on the rise in recent years, sparking a heated debate about its causes, consequences, and potential remedies. This article examines a facet of public policy that has been neglected in the debate: corporate taxation. Developing the first empirical mapping of the effective tax rates of nonfinancial corporations disaggregated by size and broken down by jurisdiction, the article reveals a striking…
Financial Crisis, Inequality, and Capitalist Diversity
The relationship between inequality and financial instability has become a thriving topic of research in heterodox political economy. This article offers the first critical engagement with one framework within this wider literature: the Capital as Power (CasP) model of the stock market developed by Shimshon Bichler and Jonathan Nitzan. Specifically, we extend the CasP model to other advanced capitalist countries, including Germany, France, the Un…
Accumulating through food crisis? Farmers, commodity traders and the distributional politics of financialization
This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average income of large-scale farms reached the earnings threshold of the top percentile of US households, and agricultural commodity traders markedly outperformed other corporate groups. In contrast, small-scale farms, particularly tho…
Fuel, feed and the corporate restructuring of the food regime
The agrofuel boom has brought about some of the most significant transformations in the world food system in recent decades. A rich and diverse body of agrarian political economy research has emerged that elucidates the conflicts and redistributional shifts engendered by these transformations. However, less attention has been given to differences within agri-food capital. This paper contributes to the existing literature on agrofuels, by showing …
Food Price Inflation as Redistribution
This paper outlines the contours of a new research agenda for the analysis of food price crises. By weaving together a detailed quantitative examination of changes in corporate profit shares with a qualitative appraisal of the restructuring in business control over the organisation of society and nature, the paper points to the rapid ascendance of a new power configuration in the global political economy of food: the Agro-Trader nexus. The agribu…
Fuel, feed and the corporate restructuring of the food regime
The agrofuel boom has brought about some of the most significant transformations in the world food system in recent decades. A rich and diverse body of agrarian political economy research has emerged that elucidates the conflicts and redistributional shifts engendered by these transformations. However, less attention has been given to differences within agri-food capital. This paper contributes to the existing literature on agrofuels, by showing …
Commodity traders in a storm
Commodity trading firms occupy a central position in global supply chains and their activities have been associated with financial instability, social upheaval and manifold forms of ecological devastation. This paper examines these companies in the context of debates regarding corporate financialization. We find that since the 2003–2011 commodity boom, trading firms have become less financialized in terms of the source of their profits as they ha…
The Great Debt Divergence and its Implications for the Covid-19 Crisis
The COVID-19 pandemic has amplified longstanding concerns about mounting levels of corporate debt in the United States. This article places the current conjuncture in its historical context, analysing corporate indebtedness against the backdrop of increasing corporate concentration. Theorising leverage as a form of power, we find that the leverage of large non-financial firms increased in recent decades, while their debt servicing burdens decreas…
Accumulating through food crisis? Farmers, commodity traders and the distributional politics of financialization
This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average income of large-scale farms reached the earnings threshold of the top percentile of US households, and agricultural commodity traders markedly outperformed other corporate groups. In contrast, small-scale farms, particularly tho…
The Tax Advantage of Big Business
Corporate concentration in the United States has been on the rise in recent years, sparking a heated debate about its causes, consequences, and potential remedies. This article examines a facet of public policy that has been neglected in the debate: corporate taxation. Developing the first empirical mapping of the effective tax rates of nonfinancial corporations disaggregated by size and broken down by jurisdiction, the article reveals a striking…
Food Price Inflation as Redistribution
This paper outlines the contours of a new research agenda for the analysis of food price crises. By weaving together a detailed quantitative examination of changes in corporate profit shares with a qualitative appraisal of the restructuring in business control over the organisation of society and nature, the paper points to the rapid ascendance of a new power configuration in the global political economy of food: the Agro-Trader nexus. The agribu…
A Chip War Made in Germany? US Techno‐Dependencies, China Chokepoints, and the German Semiconductor Industry
As geo-economic and geopolitical rivalries intensify, the US is weaponizing its power in global semiconductor supply chains to restrict Chinese technological development. To win this chip war against China, the US must compel key foreign firms in Asia and Europe not to supply its adversary with the materials, tools, and know-how needed to make advanced semiconductors. But will these firms agree to follow the US chip embargo and avoid the lucrativ…
The geographies and geopolitics of industrial policy
Industrial policy is witnessing a global resurgence. We propose that well-designed industrial policy must consider an industry’s regional structures, global linkages, and (variegated) exposures to geopolitical dynamics. In 2023, the UK government published a National Semiconductor Strategy. The National Semiconductor Strategy aims to grow this high-value sector, mitigate supply chain disruptions and protect national security. However, the strateg…
Financial Crisis, Inequality, and Capitalist Diversity
The relationship between inequality and financial instability has become a thriving topic of research in heterodox political economy. This article offers the first critical engagement with one framework within this wider literature: the Capital as Power (CasP) model of the stock market developed by Shimshon Bichler and Jonathan Nitzan. Specifically, we extend the CasP model to other advanced capitalist countries, including Germany, France, the Un…
Food Price Inflation as Redistribution
This paper outlines the contours of a new research agenda for the analysis of food price crises. By weaving together a detailed quantitative examination of changes in corporate profit shares with a qualitative appraisal of the restructuring in business control over the organisation of society and nature, the paper points to the rapid ascendance of a new power configuration in the global political economy of food: the Agro-Trader nexus. The agribu…
Fuel, feed and the corporate restructuring of the food regime
The agrofuel boom has brought about some of the most significant transformations in the world food system in recent decades. A rich and diverse body of agrarian political economy research has emerged that elucidates the conflicts and redistributional shifts engendered by these transformations. However, less attention has been given to differences within agri-food capital. This paper contributes to the existing literature on agrofuels, by showing …
Accumulating through food crisis? Farmers, commodity traders and the distributional politics of financialization
This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average income of large-scale farms reached the earnings threshold of the top percentile of US households, and agricultural commodity traders markedly outperformed other corporate groups. In contrast, small-scale farms, particularly tho…
Financial Crisis, Inequality, and Capitalist Diversity
The relationship between inequality and financial instability has become a thriving topic of research in heterodox political economy. This article offers the first critical engagement with one framework within this wider literature: the Capital as Power (CasP) model of the stock market developed by Shimshon Bichler and Jonathan Nitzan. Specifically, we extend the CasP model to other advanced capitalist countries, including Germany, France, the Un…
The Tax Advantage of Big Business
Corporate concentration in the United States has been on the rise in recent years, sparking a heated debate about its causes, consequences, and potential remedies. This article examines a facet of public policy that has been neglected in the debate: corporate taxation. Developing the first empirical mapping of the effective tax rates of nonfinancial corporations disaggregated by size and broken down by jurisdiction, the article reveals a striking…
The Great Debt Divergence and its Implications for the Covid-19 Crisis
The COVID-19 pandemic has amplified longstanding concerns about mounting levels of corporate debt in the United States. This article places the current conjuncture in its historical context, analysing corporate indebtedness against the backdrop of increasing corporate concentration. Theorising leverage as a form of power, we find that the leverage of large non-financial firms increased in recent decades, while their debt servicing burdens decreas…
Commodity traders in a storm
Commodity trading firms occupy a central position in global supply chains and their activities have been associated with financial instability, social upheaval and manifold forms of ecological devastation. This paper examines these companies in the context of debates regarding corporate financialization. We find that since the 2003–2011 commodity boom, trading firms have become less financialized in terms of the source of their profits as they ha…
A Chip War Made in Germany? US Techno‐Dependencies, China Chokepoints, and the German Semiconductor Industry
As geo-economic and geopolitical rivalries intensify, the US is weaponizing its power in global semiconductor supply chains to restrict Chinese technological development. To win this chip war against China, the US must compel key foreign firms in Asia and Europe not to supply its adversary with the materials, tools, and know-how needed to make advanced semiconductors. But will these firms agree to follow the US chip embargo and avoid the lucrativ…
The geographies and geopolitics of industrial policy
Industrial policy is witnessing a global resurgence. We propose that well-designed industrial policy must consider an industry’s regional structures, global linkages, and (variegated) exposures to geopolitical dynamics. In 2023, the UK government published a National Semiconductor Strategy. The National Semiconductor Strategy aims to grow this high-value sector, mitigate supply chain disruptions and protect national security. However, the strateg…
Rentiership and intellectual monopoly in contemporary capitalism
In recent years, the concepts of rentiership and intellectual monopoly have gained prominence in discussions about the weakening link between corporate profitability and capital investment in high income countries. However, there have been few if any attempts to construct measures for rentiership and intellectual monopoly using firm-level financial data. The absence of such work, we argue, is symptomatic of challenges in delineating what qualifie…
The Spatial Limits to Weaponizing Interdependence
The US–China rivalry is focusing attention on how geoeconomics impacts corporate operations and global production networks. States are seeking to weaponize interdependence through policies like sanctions and export controls, and through instrumentalizing corporations as tools to secure relative gains over geopolitical rivals. This article examines how firms’ territorial embeddedness complicates states’ weaponization efforts. To illustrate this ph…
Which side are you on? Geoeconomic coercion and German corporate networks in the US–China rivalry
As the US-China rivalry intensifies, both states are mobilizing an array of tools - including tariffs, financial sanctions, export restrictions, and company blacklists - in a bid to strengthen their relative position within the global economy. These dynamics have generated profound challenges for Germany. Facing mounting pressure from both sides, its deep economic entanglements render it unable to align with either superpower or to effectively he…
Economics (10 works) · Market economy (8 works) · Political science (6 works) · Business (5 works) · Financialization (5 works) · Politics (5 works) · Finance (4 works) · Housing, Finance, and Neoliberalism (4 works) · Macroeconomics (4 works) · Political Economy and Marxism (4 works)