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

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