Nèdeem Elmahjoub's blog

Global capitalist economy A well-known economist, Nouriel Roubini, with a career at the World Bank and IMF (notorious institutions), is unable to provide a solution! Could it be because there might be something flawed in determining the causes? After all, when someone is well into the system and merely wants to help managing it is not supposed to question the fundamentals. Related: It's all going pear-shaped

"A look at the multiple fronts on which U.S. imperialism is operating — in particular the Middle East, Latin America and the growing confrontation with China — shows widely differing scales of strategic importance, but with some common elements. One of the most important and too little appreciated facts is the brutal use of economic sanctions against less powerful countries designated as enemy regimes. While a handful of Democratic poli­ticians have spoken in opposition to U.S. invasion,  hardly any have called attention to the murderous effects of sanctions — which as we know from the example of Iraq are not a substitute for war, but preparation for it." How many wars?

US-China trade war

As Trump raises tariffs on Chinese goods (again) , a big picture of world trade since mid-19th-century is very useful. After a historical level of a 'globalisation' wave/openess, the U.S. sees its hegemony threatened and its power in relative decline vis-a-vis the rising of new powers like China. Thus it wants reassert itself. That makes the possiblities of conflicts in the coming decade higher. World trade and capitalism

Trade war and depresssion

Behind Trump's trade war The AI arms race Unfortunately, you need a subscription to read this FT article.

Trump, trade, and the tech war