Michael Hudson: Eurasian World Order – New Global Governance
Michael Hudson discusses hot topics, such as the implications of the SCO conference and Xi’s global governance proposal.
Read more...Category Archives: Globalization
Tariffs and US Dollar Depreciations: Not So Surprising After All
How conventional thinking on how the dollar would respond to Trump tariffs missed a key factor: retaliation.
Read more...Trump’s Appellate Court Tariff Loss: It Isn’t Over Until the Fat Lady Sings
Trump is likely to win his retaliatory tariff battle at the Supreme Court and even if not, he’s too fond of this bludgeon to give it up.
Read more...Trump’s Intel Move Looks Like Performance, Not Policy
Yves here. It is remarkable how Trump seems to need to have his name in the hot lights, um, the headlines, all the time and is able to do so. Admittedly, liking bold gestures for their own sake, as opposed to whether they make any sense, helps by giving way more degrees of freedom. As […]
Read more...Trumpian Tariffs Rerun the Failed Strategy of Import Substitution Industrialization
Trump’s use of broad-based tariffs to promote industrialization have repeatedly failed. There’s no reason to expect different results now.
Read more...The New Currency War: US Stablecoin-China Digital Yuan Rivalry as a Test of Monetary Discipline
How the US stablecoin/digital yuan arms race creates instability risks and undermines monetary sovereignity around the world.
Read more...Lessons from China: Industrial Policy Works Even After Retaliation
A new study finds that industrial policy pays off, even after factoring in the cost of retaliation. So when will neoliberals wise up?
Read more...Iran and Russia Vow to Block U.S. Caucasus Ambitions
How the much-bruited Trump Caucasus deal, meant to cause trouble for Iran and Russia, is only a napkin doodle and may never be more than that
Read more...What Is Happening to the Dollar as a Safe Haven?
Why the speed of the dollar’s demise seems to be a tad over-anticipated.
Read more...NYC Mayor Eric Adams in Cahoots With ICE? Sudden Surge in Courthouse Arrests With Failure to Act on Illegal Detentions
Hyper agressive ICE shifts tactics in New York City by arresting targets at court appearances. A sop to Mayor Adams? To NYC oligarchs?
Read more...Michael Hudson: Europe’s Surrender
Michael Hudson returns to current events in an interview with Nima, focusing on what the Trump tariffs deals mean for Europe, the US and BRICS
Read more...Alfred McCoy: Controlling the ‘World Island’
More on Alfred McCoy re how how H.J. Mckinder’s “world island” has shaped Western strategic thinking, here with respect to the Pacific
Read more...Trump Reaffirms Threat of Even Higher Tariffs on India; Deflationary Shock Risk for Global South
If Trump does not blink on his tariff threat against India over Russia oil buys, could his program kick of deflationary pressures?
Read more...Trump Threatens India With Secondary Sanctions Over Russian Oil Purchases. What Next?
Trump’s attempt to bully India into dropping Russian oil buys is not succeeding. What happens now?
Read more...Economists Wake Up to West’s Trade and Technology Dependence on China
Useful data on and discussion of China’s dominance of inputs and technologies essential to the West.
Read more...