EU’s Carbon Border Tax Goes Live, Eliciting Threats from China and Perhaps Soon, the US
China and India are unhappy about a new EU carbon tax on exports like steel. The US is expected to join the chorus. Will they retaliate?
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Even the Wall Street Journal Doubts the Trump Seize-Venezuela-Oil Scheme
Despite Trump’s loud proclamations, his fevered Venezuela oil heist dreams are set to go nowhere. So what happens then?
Read more...How China’s Overinvestment Helped Produce Africa’s Deindustrialization
An in-depth article from a leftist vantage on China’s extensive involvement in Africa finds that it has been a net negative for development
Read more...American Pirates and the Coming Militarization of Commercial Shipping
Much be made o’ china militarized commercial ship sightin’ but there be Yankee gentlemen o’ fortune o’er yonder.
Read more...Michael Hudson: The Economic Unravelling of the Political West
Michael Hudson describes the development and progression of America’s economic parasitism.
Read more...Satyajit Das: The Shadow of Financial Instability
Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis
Read more...Trillions for War, Pennies for People: How Soaring Military Spending Fails Americans
Unpacking why the US military is so expensive and even if it were less pork-driven, would still be unduly costly for society at large.
Read more...US (So Far) Fails to Capture Third Venezuela Tanker. What Does the US Do to Restore Its Manhood? Allow Privateers via Letters of Marque?
The US campaign against Venezuela takes a new turn as a Chinese tanker so far has successfully run away from the US Navy.
Read more...Michael Hudson: Trump Floundering Efforts to Shore Up US Hegemony
Why Trump’s National Security Strategy and his efforts to shore up dollar dominance are proofs of weakness.
Read more...How the Pandemic Accelerated the Geopolitical Breakdown
Did COVID-19 deepen the crises of capitalism and inject a sense of panic into the world’s power struggles?
Read more...Oklahoma’s Ban on Chinese-Owned Farmland Made an Exception for Smithfield Foods
Despite introducing legislation across the country to restrict foreign ownership of farmland, lawmakers do not appear motivated to target monopolistic firms, or to bring more of the food supply chain under domestic control.
Read more...Jeffrey Sachs: Trump’s Empire of Hubris and Thuggery
Trump’s latest National Security Strategy memorandum treats the freedom to coerce others as the essence of US sovereignty.
Read more...Steve Keen Warns Crash of 2026 Will Be Worse Than 2008
Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.
Read more...Car Industry Woes Intensify as US Consumers Refuse to Eat the Dog Food, China Suffers from Overcapacity
The car industry is in a world of hurt, and that has significant economic and societal implications.
Read more...Why Did Russia Abstain From the Latest UNSC Resolution on Gaza Instead of Veto It?
Russia and China did not veto a Gaza-colonizing UN resolution, which says much about where multipolarity is turning out to be.
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