India’s farewell to ASEAN as it boards RCEP train

14  November 2020 — Indian Punchline

M.K. Bhadrakumar

A container ship at Shenzhen Port, China (File photo)

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

Brexit trade delusions show why Britain needs to confront its history of empire By Rahul Verma

15 June 2019 — Global Justice Now

Edward Duncan’s painting of the East India Company iron steam ship Nemesis destroying Chinese war junks in Anson’s Bay, 1843 | Credit: National Maritime Museum, London

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 free trade in the world.”

Continue reading

US-EU fallout: Eavesdropping on the free trade

2 July 2013 — RT

“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

Video: Unearthing the Truth About the Bloodletting War on Drugs: Militarization and Economic Domination

14 September 2012Buzzflash – Truthout

By Mark Karlin, Editor of Buzzflash at Truthout

This summer, Truthout concluded a 10-installment series called Truthout on the Border. It is a paradigm shifting analysis of the squalid underside of the so-called US war on drugs in Mexico and Latin America.

Continue reading

The Industrial Revolution: A New History By Pat Hudson

12 July 2011 — New Left Project

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. The idea that Britain precociously took off along a path to modern economic growth, providing a blueprint that other nations and regions of the globe would and should eventually follow has been, and continues to be, powerful.

Continue reading

Tarpley & Escobar: China to blame or to admire?

22 October, 2010 — RT.com

China’s rate of development on a global scale is moving faster and more consistently the other nations. Should the world take note of the Chinese economic system? 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. Nations like Great Britain choose to cut spending and jobs to rise from a deficit, the US simply prints more money. “What we are seeing is that the free trade countries, the British and the US are basically basket cases. The Chinese have had the good sense to follow traditional forms of mercantilism, dirigisme and protectionism,” said Webster Tarpley, a journalist.

Tarpley & Escobar: China to blame or to admire?

22 October, 2010 — RT.com

China’s rate of development on a global scale is moving faster and more consistently the other nations. Should the world take note of the Chinese economic system? 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. Nations like Great Britain choose to cut spending and jobs to rise from a deficit, the US simply prints more money. “What we are seeing is that the free trade countries, the British and the US are basically basket cases. The Chinese have had the good sense to follow traditional forms of mercantilism, dirigisme and protectionism,” said Webster Tarpley, a journalist.

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 to increased international competition.[1] Now, with the Doha Round of World Trade Organization (WTO) negotiations at an impasse and a proliferation of separate free trade agreements (FTAs) in the Americas and around the world, it is advantageous to reconsider, in light of new evidence, the ideal state-market relationship concerning trade liberalization and development in Latin America.

Continue reading