Economics and politics

Economics and politics (25)

Articles on economics from a political perspective.

Written by
The management of the Venezuelan economy has been surprisingly incompetent and disastrous, despite sitting on the world's biggest oil reserves. Sanctions and embargo against Venezuela have accelerated the decline, with inflation bordering on hyperinflation, a collapsing economy and mass migration. There is much to dislike in the Venezuelan Government and its policy, and by the way in the opposition, too. But sanctions and embargo is the wrong policy, causing further suffering for the Venezuelan people. Recognizing a self-proclaimed president and supporting a bogus uprising is converting it into a farce. It is old US policy to treat its foes like…
Monday, 04 November 2019 23:29 in Economics and politics

Don't blame Christina

Written by
When Mauricio Macri won the Argentine Presidential elections in 2015, there was excitement in Washington, the European Union and, above all, among the Latin American right. They would finally get rid of the incompetent and populist government in Argentina. 'The technocrats to the rescue', wrote 'The Economist', and stated that Macri 'is choosing well-regarded technocrats to occupy the main economic positions'. Unfortunately, after making a heroic attempt to rescue the country, Macri lost the presidential elections in October 2019 and the same bad populist guys (and women) are returning. Or this is what the international mainstream media want us to…
Written by
The ongoing US trade war against China will have deep longer term repercussions, independently of whether a trade deal is reached to end it. Had it only been a question of erratic actions by a lunatic president, the effects could have been limited. But Trump is not alone. The general mood in the US establishment is that China should be contained, or even rolled back. So the key-word is now ‘disentangling’ of the US economy from China.
Written by
The ongoing trade war that the US has unleashed against China will change the history of the 21st century, independently of whether an agreement is eventually reached between the parties or not. It signals the decision of the US to prevent China from growing into an economic superpower, using whatever means it has at hand. But this is an extremely dangerous and futile policy. China has more than four times the population of the US. As it develops, its economy will inevitably surpass the US. There is nothing the US can do to prevent that, so they will have to…
Written by
China is no longer a low-wage economy. To avoid being caught in a trap where its products are neither really cheap, nor really good, it wants to go upmarket, moving from low-tech standard products to high-tech, high-value products. This is what the strategy “China 2025” is about, supported by big government funding. Is this a legitimate strategy, or is it unfair competition? The US thinks the latter and is determined to do what it can to stop it. But they are unlikely to succeed.
Written by
The spectacular arrest in Canada of the chief financial officer from Chinese telecom giant Huawei follows on the heels of the US punishing another Chinese telecom company, ZTE, earlier this year. The argument is that these companies have violated the US sanctions against Iran. But this is a much deeper conflict and of existential importance for both the US and China and the consequences are far-reaching. How far is the US willing to go to prevent China from becoming a technological great power?
StartPrev12345NextEnd
Page 1 of 5