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...Category Archives: Globalization
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...Former Ambassador M. K. Bhadrakumar Throws Cold Water on the Idea That India Is Keen About BRICS
Bhadrakumar explains why India does not think all that highly of BRICS.
Read more...As Tariffs Bite and Jobs Stall, New Interactive Tool Tracks How Much Trump and GOP Are Raising the Cost of Living
As Trump’s new tariffs are about to squeeze American wallets even harder, a new tool helps keep track of the damage.
Read more...Trump Is Hellbent on Derailing India’s Rise as a Great Power
Is there some logic to Trump’s 25% tariff threat against India, or is this just more pique over his limited influence?
Read more...Unexpected China Factory Contraction Confirms Deflationary Headwinds, Overcapacity
China’s leaders admit to widespread overcapacity, such as in EVs and solar panels. Faillure to solve it could generate Japan-style deflation
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