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 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

Better Off Without NAFTA, Part 1: Introduction—the US, Trump, and Facts and Fictions about Winners and Losers

Canada, Mexico, and the US: we could argue that any one of these nation-states “lost” because of NAFTA while the others “won”. That is Donald Trump’s position: that the US’ trade partners have “won” from NAFTA, at the expense of the US (which would also validate NAFTA as a “good thing” for both Canada and… Read More Better Off Without NAFTA, Part 1: Introduction—the US, Trump, and Facts and Fictions about Winners and Losers

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