19 June 2025 — theplanningmotive
As Iran secures missile dominance over the skies of Israel. As a third US aircraft carrier group approaches. As Trump calls for Iran’s unconditional surrender. As Trump calls for the evacuation of Tehran. As chatter in Tel Aviv and Washington intensifies about something big about to occur on the 20th, Iran is becoming the focus and the arena for a clash between the major powers.
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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