Jan Oberg July 26, 2024 In its recent analysis – “How Four US Presidents Unleashed Economic Warfare Across the Globe” – The Washington Post illustrates what I have called “sanctionitis” – the disease of (over)using sanctions as a means to conduct foreign policy and cause great harm to the world economy, the US economy but […]
Michael Gfoeller & David H. Rundell September 27, 2023 In 1919, John Maynard Keynes was a young economist with the British delegation negotiating the Versailles Treaty. Keynes strongly objected to the harsh economic treatment being meted out to Germany. He resigned and went home to write “The Economic Consequences of the Peace,” which accurately predicted […]
US dependence on Chinese components means defense industry and critical infrastructure could soon be in the line of fire David P. Goldman, Asia Times September 20, 2023 America doesn’t have the factories or skilled labor to replace Chinese imports that support defense contractors and basic infrastructure, leaving the US economy vulnerable to harm in the […]
It’s an old US playbook. My assessment is that the US attempt to contain China is not only wrongheaded in principle, but destined to fail in practice. Jeffrey Sachs September 18, 2023 China’s economy is slowing down. Current forecasts put China’s GDP growth in 2023 at less than 5%, below the forecasts made last year […]