free trade
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Geonomics, nationalism and trade
Geonomics is a new term for international economic theories and policies. According to Gillian Tett at the FT, in the past, “it was generally assumed that rational economic self interest ruled the roost, not grubby politics. Politics seemed to be derivative of economics — not the other way around. No longer. The trade war unleashed… Continue reading
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Trump’s tariffs hurt the US much more than China – Economist Michael Hudson explains
Donald Trump’s tariffs benefit rich elites at the expense of the majority, argues economist Michael Hudson. He explains how the trade war on China is isolating the US, while encouraging alternatives. Continue reading
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American tariffs and the return to ‘fair trade’
US President Trump has referred frequently to “fair trade” instead of “free trade”, and tariffs have become his preferred economic instrument to elevate the US in the international economy. What is the economic history behind these ideas and are they likely to succeed? Continue reading
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Meet The Anti-Regulation Groups Influencing Post-Brexit Trade Policy
A handful of prominent individuals from anti-regulation thinktanks with close ties to International Trade Secretary Liz Truss have been appointed to top government advisory boards guiding the future of UK post-Brexit trade policy. Continue reading
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India’s farewell to ASEAN as it boards RCEP train
Prime Minister Narendra Modi’s remarks at the 17th ASEAN-India Summit on November 12 makes sad reading. It comes in the specific context of the signing of the Regional Comprehensive Economic Partnership [RCEP] on Sunday — the mega free trade agreement centred on the ASEAN plus China, Japan and South Korea. Continue reading
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Brexit trade delusions show why Britain needs to confront its history of empire By Rahul Verma
On 7 December, 2016, nearly six months after the referendum, Prime Minister Theresa May gave a speech to the Gulf Cooperation Council in Bahrain. She said: “As Britain leaves the European Union so we intend to take a leap forward, to look outwards and seek to become the most committed and most passionate advocate of… Continue reading
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The fight against TTIP is also a fight for public services everywhere By Ruth Bergan
The 1999 Battle for Seattle was a moment of triumph for trade campaigning. Activists from across the world came together with developing country governments and stopped the World Trade Organisation (WTO) from agreeing damaging trade rules. Through the 2000s campaigners continued to mobilise against the WTO and Europe’s unfair trade deals with the world’s poorest… Continue reading
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US-EU fallout: Eavesdropping on the free trade
“Snowden did ask to stay in Russia. However, when he found out Russia’s position on the matter and the associated conditions he decided not to stay in Russia,” said Kremlin spokesperson Dmitry Peskov. Snowden is still held up in a Moscow airport and has issued asylum bids to 15 countries, the spokesman added. Continue reading
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Video: Unearthing the Truth About the Bloodletting War on Drugs: Militarization and Economic Domination
Tens of thousands have died in Mexico (recent estimates, which will be discussed in a forthcoming Truthout article, indicate that the homicide total under the six year rule of Felipe Calderon may reach 120,000) and in other Latin American nations. As far as stopping drug flow goes, the war on drugs in Latin America is… Continue reading
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The Industrial Revolution: A New History By Pat Hudson
For 200 years the British industrial revolution has been seen largely as a story of the triumph of British science, inventiveness and entrepreneurship, promoted by a progressive liberalisation of markets and the political economy of free trade. Continue reading
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WikiLeaks Haiti: Let Them Live on $3 a Day By Dan Coughlin and Kim Ives
Contractors for Fruit of the Loom, Hanes and Levi’s worked in close concert with the US Embassy when they aggressively moved to block a minimum wage increase for Haitian assembly zone workers, the lowest-paid in the hemisphere, according to secret State Department cables. Continue reading
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Tarpley & Escobar: China to blame or to admire?
Many Americans and US politicians are blaming China for the recession and for taking American jobs, while others say we should look to chain and immolate their system. Pepe Escobar, a correspondent for the Asia Times said China is not to blame; instead the US itself is to blame. Continue reading
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Tarpley & Escobar: China to blame or to admire?
Many Americans and US politicians are blaming China for the recession and for taking American jobs, while others say we should look to chain and immolate their system. Pepe Escobar, a correspondent for the Asia Times said China is not to blame; instead the US itself is to blame. Continue reading
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Trade’s Trade Offs – Council on Hemispheric Affairs
Introduction Adam Smith and David Ricardo’s theories regarding the potential positive effects of free international trade are today widely leaned upon by economists and policymakers. But even Adam Smith came to qualify his claims, noting, among other things, the need for free trade to be introduced slowly so that domestic industry and labor could adjust Continue reading
The New Dark Age 