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The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy
The founder of the World Economic Forum shares what he sees as the biggest threat to the global economy Economist Klaus Schwab is the founder and executive chairman of the World Economic Forum which will be holding it’s Annual Meeting in Davos, Switzerland January 22-25, 2019. Schwab explains the theme of this year’s meeting, “Globalization […]
Big Oil Cheers Trump’s ‘New NAFTA’ But Mexico Could Complicate Things
Big Oil Cheers Trump’s ‘New NAFTA’ But Mexico Could Complicate Things While the oil and gas industry has lauded the new trade deal that may soon replace the North American Free Trade Agreement (NAFTA), a provision added by Mexico, along with its new president’s plan to ban fracking, could complicate the industry’s rising ambitions there. The new agreement, […]
Our “Prosperity” Is Now Dependent on Predatory Globalization
Our “Prosperity” Is Now Dependent on Predatory Globalization Nowadays, trade and “prosperity” are dependent on currencies that are created out of thin air via borrowing or printing. So here’s the story explaining why “free” trade and globalization create so much wonderful prosperity for all of us: I find a nation with cheap labor and no […]
Whose Trade War Is It Anyway?
Whose Trade War Is It Anyway? Everybody complains about Trump, but he wasn’t the one who started it German Chancellor Angela Merkel speaks to President Donald Trump in front of other world leaders in Charlevoix, Canada, at the G-7 summit on June 9, 2018. The mainstream media and world leaders are blaming Trump for starting […]
How America’s Wars Cut Down American Liberty
How America’s Wars Cut Down American Liberty If we forswore military intervention in other countries, we could still affect the world in a positive way through free trade. Professor Tucker argues in his Liberty Forum essay that a grand strategy, at least one that is dreamed of by experts, “is not a possibility for the United States,” […]
How Mises Explained the Fall of Rome
How Mises Explained the Fall of Rome An excerpt from Mises’ classic work, ‘Human Action’. Observations on the Causes of the Decline of Ancient Civilization Knowledge of the effects of government interference with market prices makes us comprehend the economic causes of a momentous historical event, the decline of ancient civilization. It may be left […]
Central Banks Have Killed Free Trade
Central Banks Have Killed Free Trade 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 classical definition of free trade espoused by 18th […]
The Illusion of Free Trade
The Illusion of Free Trade The current trading system was never free; Trump’s tariffs merely change who gets what Container ships are docked in the Port of Oakland in this file photo. (Justin Sullivan/Getty Images) Anything President Donald Trump does usually provokes a backlash from the status quo. In early March, the focus is on […]
There is No “Free Trade”–There Is Only the Darwinian Game of Trade
There is No “Free Trade”–There Is Only the Darwinian Game of Trade Rising income and wealth inequality is causally linked to globalization and the expansion of Darwinian trade and capital flows. 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. […]
Forget “Free Trade”–It’s All About Capital Flows
Forget “Free Trade”–It’s All About Capital Flows In a world dominated by mobile capital, mobile capital is the comparative advantage. 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 […]
Why Free Trade is Officially Dead
WHY FREE TRADE IS OFFICIALLY DEAD G20 Finance ministers meeting in Baden Baden last weekend agreed, on America’s insistence, to drop the long-standing commitment to free trade from the final communiqué. It is hard to know to what extent America’s position is driven by her autarkic view on world trade, or to what extent it […]
True Free Trade vs. ‘Free Trade Deals’: The Misappropriation of Freedom
TRUE FREE TRADE VS. ‘FREE TRADE DEALS’: THE MISAPPROPRIATION OF FREEDOM One of the most frustrating aspect of those trade negotiations that are sold as ‘Free Trade Deals’ is that they are not truly ‘Free Trade’ and, instead, they are just selective liberalisations that work to enrich particular interests, that increase the disparities between those […]
Faith in Big Trade Deals Keeps Crumbling
Faith in Big Trade Deals Keeps Crumbling Are we witnessing the beginning of the end of globalization? ‘Bad deal’: French trade minister Matthias Fekl said his country is likely to drop TTIP talks after leaks that US wants lower labour and environmental standards. At the height of the battle over the Canada-US Free Trade Agreement in the […]
Merkel’s TTIP policy is ‘wrong:’ German Vice Chancellor criticizes US-EU free trade deal
Merkel’s TTIP policy is ‘wrong:’ German Vice Chancellor criticizes US-EU free trade deal German Economy Minister Sigmar Gabriel (L) and Chancellor Angela Merkel. © Fabrizio Bensch / Reuters TTIP Hastiness would lead to an unfavorable agreement, German Vice Chancellor and Economy Minister Sigmar Gabriel said, criticizing Chancellor Angela Merkel’s approach to reaching an agreement with […]
A Great Awakening – Public Support for Fake “Free Trade” Deals Plunges in the U.S. and Europe
A Great Awakening – Public Support for Fake “Free Trade” Deals Plunges in the U.S. and Europe Public opposition to the sovereignty killing corporate giveaway marketed as a free trade deal known as the Trans Pacific Partnership (TPP) has become so widespread that all the leading candidates for the U.S. Presidency are publicly against it. Specifically, […]
