Tag Archive | "China"

Scuttling Free Trade

So, hard to know if this will lead anywhere but it’s a positive, and comes from an odd place in certain respects.

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Baucus IDEAL China Ambassador: He Is Fluent In Corporate Shillism

Really, people are being grossly unfair to Max Baucus, wondering why someone who doesn’t speak Chinese would qualify to serve as ambassador. But, c’mon people, focus on the important lingo Baucus brings to the table: it would be hard to find another Democratic elected official who speaks such fluent corporate shillism…The man has got a perfect pitch. But, there is a silver lining.

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The Vicious Global Circle

A basic economic truism: if people don’t have money to spend, stuff won’t get bought. Sounds like a Yogi Berra observation? Anyway, it’s just another day showing why the idiots running economic policy are, well, idiots.

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The China-Bangladesh Connection

Gee, scratch your head. Hundreds of people die in a horrific garment factory fire in Bangladesh. Then, just yesterday, 120 people die in a poultry factory in China. Is there a connection? Of course.

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Shuddering

A few of us have never bought the idea that the world economy has recovered from the financial crisis—mainly because people were struggling to make ends meet before the crisis. Add to that a mind-boggling obsession to impose austerity on the very people are struggling and, presto, you have the perfect storm for a mess. And just in the past 24 hours we get a flavor of this.

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The Rumbling–And Why The 2012 Elections Won’t Help…Much

   I took a longer break from blogging than I thought–to think, observe a bit, rest the brain, cycle New Zealand’s spectacular South Island. But, what stirred me to break this hiatus, at the very moment that people are switching off their computers to turn to libations and debauchery, was, well, the modest observation that […]

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The Fetish of The Dollar: A Lower Dollar Is GOOD

   For all of those people who criticize empire and for those out there who correctly worry about the unequal distribution of economic power, come close and absorb another truth: the obsession around keeping the dollar high is not healthy. In fact, a lower dollar would be better for most of us–and for the environment… […]

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Wal-Mart Whitewashing

We have an affliction that really undermines a decent society. It’s a tendency to want to ignore inconvenient facts, either explicitly or because we are encouraged to look quite narrowly and myopically at a problem. Which brings me to Wal-Mart’s new attempt to whitewash its practices, using the First Lady as a prop.   We […]

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The Chinese Century: China Straddles The Planet

   I found this article in the Financial Times quite interesting: Coming out of the crisis, China wants to forge a new phase of globalisation where many of the roads – financial, commercial and perhaps eventually political – converge on Beijing.  China is not seeking a rupture with the international economic system (although some foreign […]

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The Great Convergence: China, India Eating Our Lunch

While a bunch of elected "leaders" engage in a childish game of theater (reading the Constitution), while we flush down the toilet trillions of dollars in wealth on immoral wars, while one half of the working class is being turned against the other half and unions are being blamed for ills created by the incompetent, […]

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A Weaker Dollar Is Better

   I have made this point before–I know that it sounds counter-intuitive to say that a strong dollar is NOT a good thing but it isn’t–except maybe for Wal-Mart and American tourists. I certainly have sympathy for tourists, less so for Wal-Mart. I’m reminded of this because of this article in today’s Wall Street Journal: […]

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International Notes: Bangladesh, Minimum Wage

   I don’t have much to add on the extremely disappointing and inadequate health care bill that passed the Senate yesterday–it’s been said by others–so I turned my attention to a couple of international developments.    Every so often, when I discuss trade, here or in debates elsewhere, people say: well, we live in a […]

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Chicken Little and The Dollar

   The obsession with the value of the dollar is kind of goofy. More than three years ago, not for the first time, I suggested that it would actually be a good thing if the value of the dollar declined significantly, particularly as it relates to the trade relationship with China. People in political circles […]

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Tirade on Tire Trade

   In our newest installment of false choices, from The Wall Street Journal: President Barack Obama’s decision to side with the United Steelworkers and impose temporary tariffs on Chinese car tires implies a potentially costly trade-off for the administration, trade and political experts said. In the near term, the move should consolidate the support of […]

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Competitive Dollar

   For at least three years, I’ve been arguing that one of the problems we have, in the larger economic scheme, is that the value of the dollar is too high. Yup–a high dollar basically helps American tourists traveling abroad (and I am sympathetic to that) and Wal-Mart (because a high dollar means, basically, that […]

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Who Are The Big Banks, and The Protectionists Are Coming!!!

   Two things caught my eye this morning. Item #1: If you want to know how the power has shifted in the world of banking, The Financial Times has a fascinating full-page story entitled "The fearsome become the fallen". It compares the rankings of the leading banks in 1999 to the rankings right now, as […]

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