economy

Sam Gindin breaks down US President Donald Trump’s on-again/off-again tariffs, their impacts on US-led globalised capitalism, and what a working-class response could look like

The stakes of a trade war with China are high. Thomas Hummel looks for the logic behind the tariff gamble.

Dmitry Pozhidaev — Trump’s tariffs are less a blueprint for industrial renewal than a prelude to a new techno-nationalist order organised around capital control, technological dominance and regional economic blocs.

Sam Gindin — Whatever Trump’s inclinations, without an ability to deliver on his economic promises and an escape route from the tariff chaos, Trump’s problems will deepen.

Michael Roberts explains the recent raft of tariffs announced by US President Donald Trump, how they fit into his broader project to reassert US global hegemony, and what a left response could look like.   

Michael Roberts — Keynesianism advocates digging holes and filling them up to create jobs. Military Keynesianism advocates digging graves and filling them with bodies to create jobs.

Adam Hanieh explores the need to foreground value transfers in understanding imperialism, Israel’s role in global fossil capitalism and the rising influence of the Gulf states.

Eric Toussaint — If Ukraine wants to fully regain its sovereignty, it must also free itself from the yoke of the creditors who are acting against the interests of the Ukrainian people.

Farooq Tariq — Pakistani farmers and peasants are demanding accountability for the WB-IMF’s promotion of neoliberal and open-market economic policies that fuel hunger and inequalities.

Malfred Gerig situates the impact of United States’ sanctions on Venezuela and the rise of Venezuela’s crony capitalism within the context of the nation’s “Long Depression”.

Promise Li — Economic interdependence has shown surprising resilience even across rival geopolitical blocs. Existing theories of imperialism fail to fully account for these seemingly contradictory dimensions of today’s world system.

Álvaro García Linera — We are witnessing the slow and melancholic disintegration of the old free market order and the nascent rise of various alternative models, none of which has secured a definitive foothold yet.