Thursday, 3 April 2025 — ucanbpolitical
This article discusses tariffs, why they are counterproductive and Trump’s use or misuse of them. I apologise if the article is disjointed as it was written before and after Trump announced his Tariffs.
There are tariffs and there are tariffs. Tariffs applied to a youthful capitalism are to be sharply distinguished from those applied to a geriatric capitalism. The former is designed to catch up, the latter to stop falling further behind. A rising capitalism in an expanding world market can use tariffs as a means of shielding its economy from international competition in order to nurture its own industries until they can stand on their own feet. This is normally associated with state support and the centralisation of capital assisted by the state. On this basis, as in China, it can lead to the emergence of a new independent international competitor though this is a rare event, made even rarer as capitalism develops over time.
The New Dark Age 
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