1980s Redux? Developing Countries See New Context, Old Threats
s rich countries raise interest rates, developing countries face slowdowns, inflation, higher interest rates, more costs and debt distress.
Read more...Category Archives: Globalization
How France Underdevelops Africa
Most French colonies in Africa became independent in the 60s. But most are in poverty, much worse off than other African economies.
Read more...Saudi Arabia New Output Cuts Threat Is Another Blow To Washington
Saudi Arabia in concert with OPEC+, as in Russia, looks to be sticking to its promise to cut output if oil demand softened.
Read more...Will Europe Go Down to Defeat Before Ukraine?
Europe has succeeded in hurting itself to hurt Russia, to the degree that a full bore economic and financial crisis seems inevitable.
Read more...Ilargi: EU – Controlled Demolition
Puzzling why the EU seems determined to drive itself off a cliff.
Read more...China as a Developmental State: Indigenous Innovation and Global Competition
China chose a successful technological development path, in contrast to the corporate financialization model in the United States.
Read more...More US Eyepoking of China with New Congresscritter Visit to Taiwan; What Will China Do Next?
The US is still escalanting with China over Taiwan. And China most assuredly is keeping score.
Read more...China And Saudi Arabia Intensify Energy Cooperation With Critical Deal
How China rescued bin Salman and leveraged that relationship into a deal that advances China’s aim of making the kingdom a client state.
Read more...Australia’s Grand Plans to Export Solar – A Lesson from the ‘Gas Crisis’
By John McGregor, a translator and political violence researcher As perverse as it seems, achieving the dream of linking Australian renewable energy to Asian energy buyers may generate a household electricity crisis as artificial as the current gas crisis. As with LNG, large scale solar projects are set to largely, perhaps even entirely, bypass domestic […]
Read more...Why Give a Damn About Pelosi? How About the Nuclear Strike We Would Have Made on China Over Formosa?
In 1958, the US considered a nuclear strike against China if China’s planned conquest of Formosa went well.
Read more...Why It’s Essential for Congress to Reauthorize Trade Adjustment Assistance
Workers attest that the Trade Adjustment Assistance has helped them move into new careers when employers offshore jobs. Will it be cut?
Read more...Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong
Looking at inflation through a class warfare lens.
Read more...The Russia-Ukraine War, European Financial Integration, and Crises
Fragmentation of euro area financial markets has been relatively limited, as policymakers have benefitted from reforms after and experiences with past crises, European countries and authorities reacted with quite some unity, and direct financial exposures to Russia and Ukraine are relatively small
Read more...Book Review: A Global History of the Black Death
In “The World the Plague Made,” James Belich argues that the Black Death had a profound impact beyond Europe.
Read more...Michael Hudson: American Diplomacy as a Tragic Drama
American policies have become astonishingly obvious about not simply putting the US first, but also exploiting supposed partners to do so.
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