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Multipolar World Order, Leading Role of Emerging Economies, and Western Debt: Key Takeaways from Putin’s BRICS Address
President of Russia Vladimir Putin during an expanded meeting of BRICS leaders during the 16th BRICS summit in Kazan. © Sputnik / Stanislav Krasilnikov Russian President Vladimir Putin addressed a meeting of leaders at the BRICS Summit in Kazan on Wednesday. In his speech, he focused on the growing role and prospects of the economic […]
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The Retreat of Free Trade
Free markets? Free trade? The modern economic world has little time for these erroneous, misdirected terms. More evident are the feelings of resentment, prejudice and indignant parochialism more accurately called My Country First, and Everyone Else Last. Back your industries; hobble the competitors. And everyone is doing it, except certain ideologues who, childishly, cling to […]
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Following US’ Protectionist Policies, Canada is Shooting Itself in the Foot
Illustration: Chen Xia/GT On the political stage, Canada often seems to trail behind the US. After the US government’s announcement in May of imposing high tariffs on Chinese electric vehicles (EV) and steel, the Canadian government has now decided to follow suit. On Monday, Canadian Prime Minister Justin Trudeau said Ottawa would impose a 100 […]
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“Free Trade” as Revealed in the China-United States Paradigm
Free trade is much ballyhooed by the US and the capitalist world, but critics have been skeptical as to whether such trade freely takes place. Investopedia provides a useful definition of free trade: A free trade agreement is a pact between two or more nations to reduce barriers to imports and exports among them. Under […]
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Imperial Protectionism: US Foreign Policy for the Middle Class
What does a “foreign policy for the middle class” of the United States entail? President Joe Biden’s national security adviser is rather vague about this. But in a speech in April at the Brookings Institution, Jake Sullivan enunciated a few points that do much to pull the carpet from under the “rules-based international order”, unmasking […]
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