From Punitive Tariffs and Trade Conflicts to Economic War by Joachim Bischoff and Erhard Crome

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https://www.indybay.org/newsitems/2019/09/09/18826110.php

Trump’s punitive attacks on several trading partners, above all China, are changing suddenly into a destruction of the multilateral structures of the world market. With the policy of “America first,” the president wants to restore or develop the past hegemony in science, technology and the military. The wrecking ball is not the only model. Compromise, concessions, and countermeasures are necessities, not weaknesses.

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2 Responses to From Punitive Tariffs and Trade Conflicts to Economic War by Joachim Bischoff and Erhard Crome

  1. Marc says:

    Chris Hedges – The Capitalists are Afraid, Sept 9, commondreams.org
    The Capitalists Are Afraid

    https://www.commondreams.org/views/2019/09/09/capitalists-are-afraid

    They know the reigning ideology of neoliberalism no longer has any credibility. Its lies have been exposed. They also know they are to blame.
    by
    Chris Hedges

    Capitalists go to absurd lengths to lie about capitalism’s true nature. (Photo: Mr. Fish / Truthdig)

    Capitalists seek to maximize profits and reduce the cost of labor. This sums up capitalism at its core. It is defined by these immutable objectives. It is not about democracy. It is not, as has been claimed, about wealth creation for the working class. It has nothing to do with freedom. Those capitalists, especially in corporations, who are not able to increase profits and decrease the cost of labor, through layoffs, cutting wages, destroying unions, offshoring, outsourcing or automating jobs, are replaced. Personal ethics are irrelevant. Capitalists are about acquisition and exploitation.

    Capitalists go to absurd lengths to lie about capitalism’s true nature. It is why Business Roundtable’s most recent version of its Principles of Corporate Governance, signed by 181 major CEOs—including the heads of Amazon, General Motors and Chevron, all three of which paid no federal income tax in 2018—rivals the doublespeak of the worst totalitarian regimes of the 20th century.

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