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Tag Archives: free trade
Stripped of lofty-sounding abstractions such as comparative advantage, trade boils down to four Darwinian goals: 1. Find foreign markets to absorb excess production, i.e. where excess production can be dumped. 2. Extract foreign resources at low prices. 3. Deny geopolitical rivals … Continue reading
Defenders and critics of “free trade” and globalization tend to present the issue as either/or: it’s inherently good or bad. In the real world, it’s not that simple. The confusion starts with defining free trade (and by extension, globalization). In the … Continue reading
Brandon Turbeville Activist Post Natural Blaze On January 23, 2017 President Donald Trump made clear that the United States is no longer pursuing the horrific trade pact known as the Trans-Pacific Partnership (TPP). In an Executive Order, Trump officially abandoned … Continue reading
It is not possible to coherently discuss the “New Normal” economy without discussing financialization–the substitution of credit expansion and speculation for productive investments in the real economy–and its sibling: globalization. Globalization is the result of the neoliberal push to lower … Continue reading
Globalization (a.k.a. “free” trade) has become an election issue for two reasons: many voters blame “free” trade with China and other nations for job losses in the U.S. and rising income inequality as globalization’s “winners” in the U.S. outpace its … Continue reading