protectionism

Trump Could Be Using Advanced Game Theory Negotiating Tactics -  But It's Way More Likely He's Just a Lost Amateur

The latest G-7 summit, held June 8 to 9 in Quebec, was one of the most contentious in years.

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Donald Trump's Trade Wars Hurt America's Credibility

As Jonathan Swift once noted: “There is nothing constant in this world but inconsistency.”

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Trump's Decision to Leave the TPP Was to Protect One Faction of the Super Rich

U.S. President Donald Trump decided that the United States would now exit from the trade negotiations known as the Trans-Pacific Partnership. Embarrassingly, some U.S. labor leaders stood beside him to celebrate this action. Is the U.S. withdrawal from the TPP part of a plan to encourage employment in the United States? No. The exit of the United States from the TPP should be understood along two axis – one merely about U.S. politics and the other about a new strategy to revive flagging U.S. power in the world.

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4 Ways Government Policy Favors the Rich and Keeps the Rest of Us Poor

The rich really are different from you and me. There’s the obvious, of course: They have a whole hell of a lot more money. But just as important, they are able to preserve their wealth from the forces that decimate the earning power of your average American. While government programs for working or jobless Americans are under constant attack, the state frequently intervenes on behalf of the rich, or at least lets them keep their earnings, tax free (leaving the rest of us to pick up the tab).

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Just a Few More Words on the Washington Post's Newly Discovered Form of "Protectionism"

Adding to my earlier post, I just want to make two more quick points about that WaPo piece which characterized the UK's insistence that a bank it owns make loans to the citizens who bought it as a form of back-door "protectionism."

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It's a Global Economic Meltdown -- Why Are We Shouldering Most of the Burden of Bailing Out the World?

According to its critics, the "Buy American" provision of President Obama's economic recovery package will set off a vicious cycle of 1930s-style retaliatory protectionist measures that will only push us and the rest of the world deeper into recession. Concern about a return to a version of "beggar thy neighbor" retaliatory trade policies, however, completely misses the real problem facing the global economy today: international foot-dragging on stimulus that has given birth to "beggar thy neighbor" fiscal policy.

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