Globalisation

Danger in US-China tit-for-tat SJW Tue, 04/10/2018 - 19:18

As I write on 10 April, US stock markets are recovering after dipping in the wake of tit-for-tat tariff announcements by US president Donald Trump and by the Chinese government on 4-5 April.

Trump and then the Chinese authorities have announced new 25% tariffs on a range of imports from each other. Those are bigger than and additional to the new tariffs introduced by Trump in March on steel and aluminium, and the Chinese retaliations for them.

Editorial: Trump threatens trade war

Submitted by SJW on 14 March, 2018 - 12:28 Author: Editorial
World trade

On 1 March Donald Trump announced tariffs of 25% on steel imports, 10% on aluminium imports.

Other governments are alarmed by this shift towards trade war. The OECD, a consortium of the world’s 35 strongest capitalist economies, has criticised the move. Further argument will come at the meeting of the finance ministers and central bank governments of the G20 (20 strongest countries) in Buenos Aires on 19-20 March.
Socialists should be alarmed too, for our own distinct reasons.

Davos: saving the world for the capitalists Matthew Wed, 01/31/2018 - 10:20

At the end of January, the world’s elite met in the exclusive Swiss ski resort of Davos to discuss how to maintain and improve their position in the economy.

Both the setting and the speeches were utopian, as the politicians and bankers professed the virtues of neoliberalism. While millions were spent on round-the-clock security and caviar, we were told of the dangers of largesse spending by the state and the need to slash public services. Life is tough at the top.

Globalisation in trouble Matthew Wed, 01/10/2018 - 11:03

"Expectations were low as the meeting began in the Argentine capital", or so the Economist magazine reported on the latest World Trade Organisation meeting of trade ministers, in Buenos Aires on 10-13 December.

"They sank even lower as it progressed. Delegates failed to agree on a joint statement, let alone on any new trade deals".

WTO stalemate in Buenos Aires martin Wed, 12/20/2017 - 21:45
Trump is impatient with world trade rules

"Expectations were low as the meeting began in the Argentine capital", or so the Economist magazine reported on the latest World Trade Organisation meeting of trade ministers, in Buenos Aires on 10-13 December.

"They sank even lower as it progressed. Delegates failed to agree on a joint statement, let alone on any new trade deals".

Trump’s “America First” means workers last Matthew Wed, 02/08/2017 - 13:57

Perhaps it’s foolish to take anything Donald Trump says as an articulation of core principles or beliefs. But this passage from his inaugural address hit many like a bolt of lightning: From this day forward, a new vision will govern our land. From this moment on, it’s going to be America First. Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs.

Stop Trump: On the streets against the “Muslim ban” Matthew Wed, 02/01/2017 - 11:39

Organise, on the streets and in the labour movement! Argue for socialist, democratic, internationalist ideas which offer a real answer both to Trump’s rancid, right-wing, regression, and to the discredited status quo. That is how we can block Trump.

Ports and workers’ power AWL Wed, 09/14/2016 - 12:27

"The RWG [container] terminal [in Rotterdam, 2.35m teu capacity], with its fully automated cranes, is operated by a team of no more than 10 to 15 people on a day-to-day basis. Most of its 180 employees aren’t longshoremen, but IT specialists” (Journal of Commerce, 4 Feburary 2016).

The managing director says: “We are in fact, an IT company that handles containers”.

Compare: in 1900 the Port of London was the busiest port in the world. It had 50,000 workers shifting cargo mostly by hand, as they had done for thousands of years. It handled 7 million tons of cargo.

The magnates worry Matthew Thu, 02/04/2016 - 10:52

The international gathering of capitalist magnates and rulers in Davos on 20-23 January worried about “global risks”. Among those it noted “elevated protest activity” in comparison to the previous “two decades of relatively reduced protest action”.

Since 2010, “protest intensity has reached a new and higher plateau... We are again approaching 1980s protest levels, when causes of social turmoil ranged from cold war tensions and anti-apartheid sentiment to the Tiananmen Square protests”.