Trump’s Tariffs: Economic Voodoo at Work
April 7, 2025“They are to economics what creationism is to biology, and astrology is to astronomy,” tweeted Larry Summers, former U.S. Secretary of the Treasury. A statement that highlights the sheer absurdity — even outright foolishness — of the tariffs imposed by the Trump administration. Why then has Lesotho, one of the poorest nations in Africa —…
Trump: The Organization of Chaos
March 23, 2025Without explicitly stating it, Donald Trump draws a correlation between the undeniable reserve currency status of the dollar and its impact on the industrial competitiveness of the United States. In truth, the facts support his argument, as industrial jobs now account for only 10% of employment in the U.S., compared to 40% in the 1980s.…
World : Life prognosis at stake
March 18, 2024It’s always the same eternal questions that torment us when a bubble bursts and wreaks havoc on human, economic, and ecological fronts: How did we get here? What happened? Our world finds itself today in a critical situation with few historical precedents because we are now all hostages to multiple and repetitive bubbles. There’s the…
USA 0 China 1
November 19, 2018China is about to win the first leg of the trade war against the US. The latest statistics are actually shocking for the US Government, with the trade deficit with China at its highest historical level. These figures – that show a Chinese surplus of more than 37 billion dollars for the month of September,…
Longing for a lie-in
October 2, 2018Employment is not an end in itself. It just allows us to subsist. This is why it’s productive jobs we need today: ones that will allow us to consume goods and services produced with minimal human labour or effort involved. In my opinion, economic development and prosperity should above all tend to gradually reduce the…
Trade war, or American self-sabotage?
September 26, 2018Donald Trump is actively preparing phase 3 of his retaliation plan against China now that the latter has just reacted to his last wave that came into force this week. According to his own statements summarising his approach to China, he began by imposing an extra tax of 50 billion dollars on the country for…
Make America 1929 Again
June 5, 2018During his election campaign, Trump never stopped waxing lyrical about China who he stigmatised for all types of wrongdoing, citing high levels of damage to American interests due to unfair business practices. However, a year after being elected, it’s against his closest allies – Canada and Europe – that Trump is raging, all the while…