The Trade War is Here: Some of the New “Facts of Life”

In Madeleine Albright’s new book, dramatically titled Fascism: A Warning, she slams the anti-globalization crowd, claiming yet again that globalization is here to stay—it’s a “fact of life”. It must be another of those facts of life that we are seeing today, like “Donald Trump will never be elected president” or “UK voters will ultimately… Read More The Trade War is Here: Some of the New “Facts of Life”

Better Off Without NAFTA, Part 3: Mexico—Armed Rebellion, Mass Migration, Flat GDP

Getting Past the Propaganda We are routinely told that Mexico has grown into the “one of the more robust emerging economies with exports of about $1 billion a day”, more than 10 times what they were in 1994. CBC News, like Trump, thinks Mexico is “the big winner” of NAFTA. If it sounds improbable that… Read More Better Off Without NAFTA, Part 3: Mexico—Armed Rebellion, Mass Migration, Flat GDP

Better Off Without NAFTA, Part 2: Canada—Localized Profit, but a Net Outflow of Capital

In Part 1, details on trade and investment between Canada and the US were presented that showed the US has run surpluses in the trade in goods and services, and more investment came into the US from Canada than the other way around. Both of these have the effect of draining capital away from Canada.… Read More Better Off Without NAFTA, Part 2: Canada—Localized Profit, but a Net Outflow of Capital

Trade War and the Nationalist Exchange: Trudeau Trails Trump

“These tariffs are totally unacceptable. For 150 years, Canada has been America’s most steadfast ally. Canadians have served alongside Americans in two world wars and in Korea. From the beaches of Normandy to the mountains of Afghanistan, we have fought and died together. Canadian personnel are serving alongside Americans at this very moment. We are… Read More Trade War and the Nationalist Exchange: Trudeau Trails Trump