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Keyword: mercantilism

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  • China and Europe: Together we can make a difference [Chinese ambassador to EU]

    05/12/2017 10:27:47 AM PDT · by Olog-hai
    EurActiv ^ | 05/12/2017 10:09 | Yang Yanyi
    H.E. Ambassador Yang Yanyi is head of the Chinese Mission to the EU.(The Belt and Road Forum) has attracted broad participation of some 1,500 officials, scholars, entrepreneurs and people from financial institutions and media from more than 130 countries, principals and representatives from over 70 international organizations. […] At a time when the foundation for global economic recovery is not solid, trade investment remains weak, and growth impetus unstable, this Forum, with “Strengthening International Cooperation and Co-building the ‘Belt and Road’ for Win-win Development” as its central theme, will offer an excellent opportunity to take stock of what has been...
  • China’s Property Bubble Echoes Subprime Crisis

    08/02/2016 10:42:40 AM PDT · by Sgt_Schultze · 12 replies
    Wolf Street ^ | 2 August 2016 | Harry Dent
    I wrote about this in a letter late last year, but now here we are more than halfway through the year and it’s only getting worse. So much worse that the Chinese property bubble is now the catalyst that will reset markets – and will likely be one large event that cascades across the globe.- snip - I’m convinced that what finally puts an end to central banker madness and the incessant stream of QE will be the Chinese real estate bubble.- snip - China is going down. The China Beige Book (which is much more accurate) recently showed that,...
  • UK better off in EU for now, says euroskeptic think tank (Open Europe—not so euroskeptic)

    06/11/2012 4:19:20 PM PDT · by Olog-hai · 3 replies
    EU Observer ^ | 2012.06.11 @ 15:36 | Honor Mahony
    The UK would be better off staying in the EU, the country's foremost euroskeptic think tank says, amid a growing debate among Conservatives on the merits of a British exit from the European Union. "From purely a trade perspective, EU membership remains the best option for the UK," Open Europe argues in a report published Monday (11 June). "All the alternatives come with major drawbacks and would all … require negotiation with and the agreement of the other member states, which would come with unpredictable political and economic risks," it continues. The report examines the idea—gaining traction among some euroskeptic...
  • China: American Financial Colony or Mercantilist Predator?

    08/27/2011 6:08:29 AM PDT · by danielmryan · 11 replies
    Whiskey and Gunpowder ^ | August 26, 2011 | Lewis E. Lehrman
    China is an important trading partner of America. But it may also be a mortal threat. And not for the conventional reasons usually cited in the press. Ironically, it is a threat because China is in fact a financial colony of the United States, a colony subsidized and sustained by the pegged, undervalued, yuan-dollar exchange rate. Neither the United States nor its economic colony seems to understand the long-term destructive consequences of the dollarization not only of the Chinese economy but also of the world monetary system. While the Chinese financial system has been corrupted primarily by tyranny, deceit, and...
  • Why Amazon Can't Make A Kindle In the USA

    08/24/2011 10:45:19 AM PDT · by Dick Holmes · 74 replies
    Forbes ^ | 8/17/2011 | Steve Denning
    How whole industries disappear Take the story of Dell Computer [DELL] and its Taiwanese electronics manufacturer. The story is told in the brilliant book by Clayton Christensen, Jerome Grossman and Jason Hwang, The Innovator’s Prescription : ASUSTeK started out making the simple circuit boards within a Dell computer. Then ASUSTeK came to Dell with an interesting value proposition: “We’ve been doing a good job making these little boards. Why don’t you let us make the motherboard for you? Circuit manufacturing isn’t your core competence anyway and we could do it for 20% less.” Dell accepted the proposal because from a...
  • China Squeezes Foreigners for Share of Global Riches (Multinationals still getting played)

    12/30/2010 8:31:29 AM PST · by TigerLikesRooster · 20 replies · 20+ views
    WSJ ^ | 12/28/10 | SHAI OSTER, NORIHIKO SHIROUZU And PAUL GLADER
    China Squeezes Foreigners for Share of Global Riches By SHAI OSTER, NORIHIKO SHIROUZU And PAUL GLADER BEIJING—Foreign companies have been teaming up with Chinese ones for years to gain access to the giant Chinese market. Now some of the world's biggest companies are taking a risky but potentially rewarding second step—folding pieces of their world-wide operations into partnerships with Chinese companies to do business around the globe. General Electric Co. is finalizing plans for a 50-50 joint venture with a Chinese military-jet maker to produce avionics, the electronic brains of aircraft. The deal with Aviation Industry Corp. of China would...
  • We Are Iron Man (Excellent PJTV video)

    05/23/2010 11:20:19 PM PDT · by STARWISE · 4 replies · 258+ views
    PJTV ^ | 5-19-10 | Bill Whittle
    You think Tony Stark is a bad-a$$ capitalist? Milton Friedman would kick his butt. Bill Whittle tells you why. VIDEO
  • FINANCIAL FRAUD AS GLOBAL MACRO-FORCE

    05/20/2010 5:22:08 PM PDT · by Bigun · 4 replies · 285+ views
    Classic Capital ^ | May 13, 2010 | Wayne Jett
    Financial fraud drove the U. S. and global economic collapses of 2008, and continues unabated. A U. S. Senate sub-committee heard testimony May 5 titled “The Role of Fraud in the Financial Crisis” by a notable Keynesian, James K. Galbraith. Galbraith called economics “a disgraced profession” for failing to study financial fraud. He said the heart of the U. S. financial crisis was “a breakdown in the rule of law in America.” However, there is a catch.
  • China: Crunch Time

    03/30/2010 7:46:36 PM PDT · by arthurus · 5 replies · 378+ views
    Seeking Alpha ^ | March 30,2010 | Peter Zeihan
    China has had an extraordinary run since 1980. But like Japan and Southeast Asia before it, dramatic growth rates cannot maintain themselves in perpetuity. Japan and non-Chinese East Asia didn’t collapse and disappear, but the crises of the 1990s did change the way the region worked. The driving force behind both the 1990 Japanese Crisis and the 1997 East Asian Crisis was that the countries involved did not maintain free capital markets. Those states managed capital to keep costs artificially low, giving them tremendous advantages over countries where capital was rationally priced. Of course, one cannot maintain irrational capital prices...
  • Obama taps Boeing, Xerox chiefs to lead export body

    03/11/2010 3:45:49 AM PST · by Cheap_Hessian · 8 replies · 383+ views
    Yahoo News (Reuters) ^ | March 11, 2010 | Alister Bull
    WASHINGTON (Reuters) – President Barack Obama, anxious to spur growth and tackle unemployment, will name two top executives from Boeing and Xerox on Thursday to spearhead his drive to boost U.S. exports, the White House said. Obama, who pledged in his State of the Union address to double U.S. exports over five years to support 2 million jobs, will make the announcement in Washington when he speaks to the Export-Import Bank's annual conference on his trade strategy. A White House official said Obama would name Boeing Co president and chief executive Jim McNerney and Xerox Co chief executive Ursula Burns...
  • The Fed Should Kick Its Funds Habit

    04/19/2009 10:13:09 PM PDT · by Texas Fossil · 12 replies · 280+ views
    Real Clear Markets ^ | January 10, 2008 | Wayne Jett
    Resurgence of mercantilist influence is neither coincidental nor recent. Eighty years ago, mercantilists stuck their noses back into the Republican political tent and imposed the Smoot-Hawley Tariff Act on the U. S. and the world. Franklin Roosevelt then delivered the Democratic Party to them, turning previously free-trading farmers into government-subsidized champions of trade barriers. Mercantilists won control of the Federal Reserve in 1971 after years of Keynesian whittling at the Bretton Woods pledge to keep the dollar’s value stable relative to gold.
  • Back to Mercantilism

    02/11/2009 10:56:07 PM PST · by neverdem · 10 replies · 789+ views
    American Thinker ^ | February 12, 2009 | J.R. Dunn
    I hate to hear about "partnerships" between government and business, or between government and other organizations. When there is a partnership between an ant and an elephant, who do you suppose makes the decisions? - Thomas Sowell We'll be hearing a lot about state-business "partnerships" over the months to come. Much of Obama's "stimulus" plan, and virtually the whole of the bank-bailout plan (if I'm deciphering Secretary Geithner's obscure and confusing outline correctly) are based on the concept. In fact, most of the country's financial establishment is already operating under such a compact. That being the case, a close examination...
  • When globalisation goes into reverse

    02/02/2009 11:35:19 PM PST · by TigerLikesRooster · 16 replies · 852+ views
    FT ^ | 02/02/09 | Gideon Rachman
    When globalisation goes into reverse By Gideon Rachman Published: February 2 2009 19:10 | Last updated: February 2 2009 19:10 There are rock festivals and book festivals – and then there is the annual globalisation festival, otherwise known as the World Economic Forum in Davos. For the past decade, the Davos meeting has brought together big business, high finance and top politics to promote and celebrate the integration of the global economy. Whatever their business rivalries or political differences, the Davos delegates all agreed that the road to peace and prosperity lay through more international trade and investment – globalisation,...
  • Forward to the 17th Century? Obama Advisor Preaches Mercantilism

    09/01/2008 8:43:58 AM PDT · by governsleastgovernsbest · 12 replies · 138+ views
    NewsBusters ^ | Mark Finkelstein
    Mercantilism [emphasis added]: An economic doctrine that flourished in Europe from the sixteenth to the eighteenth centuries. Mercantilists held that a nation's wealth consisted primarily in the amount of gold and silver in its treasury. Accordingly, mercantilist governments imposed extensive restrictions on their economies to ensure a surplus of exports over imports. In the eighteenth century, mercantilism was challenged by the doctrine of laissez-faire. When Barack Obama talks—and talks—about the future, does he really mean "back to the future"? You have to wonder after reading the column by one of his economic advisors in today's LA Times. In Renewing America's...
  • Bull in the China Shop

    03/27/2008 12:48:16 PM PDT · by rmlew · 25 replies · 625+ views
    The American Conservative ^ | March 10, 2008 | Eamonn Fingleton
    The U.S. is betting that a rich PRC will be democratic. Beijing disagrees. Two bets are on the table. One has been placed by the Washington establishment, the other by the Chinese Communist Party. Analyzing China’s prospects in terms of fashionable globalist ideology, Washington is betting that a rich China will be a free one. The theory is that the only way China can continue to grow is by embracing Western democracy and capitalism. Moreover, the very process of China’s enrichment is supposedly undermining the Beijing government’s authoritarianism. More wealth means more freedom means more wealth. Here is how President...
  • HTI Presents Award to Congressman (Duncan Hunter)

    02/25/2008 9:20:42 AM PST · by AuntB · 29 replies · 434+ views
    Quality Mag ^ | feb. 25, 2008 | Hand Tools Institute
    TARRYTOWN, NY—Representative Duncan L. Hunter was presented the Hand Tools Institute American Manufacturing Champion award by representatives of the Hand Tools Institute (HTI), a trade association of American hand tool manufacturers. This award is intended to recognize legislators that demonstrate strong support for manufacturing. Representative Hunter is the first recipient of this award. Scott Meyer, president emeritus of HTI presented the award to Congressman Hunter in his offices in Washington, DC. During the presentation, Mr. Myer said, “The board of directors of the Hand Tools Institute voted unanimously to present this award to you, Congressman Hunter, in recognition of your...
  • What McCain Means

    02/14/2008 8:40:16 AM PST · by AllseeingEye33 · 30 replies · 59+ views
    theamericancause.org ^ | January 25 , 2008 | Patrick Buchanan
    What McCain Means by Patrick Buchanan January 25 , 2008 In 2004, the voters of Arizona, by 56 percent to 44 percent, enacted Proposition 200, requiring proof of citizenship before an individual may vote or receive state benefits. Forty-six percent of Hispanics voted for Prop. 200, giving the lie to those who say Hispanics support the illegal invasion of their country. Over 190,000 Arizonans petitioned to put Prop. 200 on the ballot. As it simply required proof of citizenship before receiving the benefits and privileges of citizenship, who could oppose it? Answer: the entire GOP congressional delegation, led by Sen....
  • Sinking Currency, Sinking Country

    11/02/2007 5:23:12 AM PDT · by Thorin · 620 replies · 282+ views
    World Net Daily ^ | 11/02/07 | Pat Buchanan
    The euro, worth 83 cents in the early George W. Bush years, is at $1.45. The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century. Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800. Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years? Nope. The dollar has...
  • (Vanity) As the World Turns, or The Wild, Wild, East

    02/10/2007 6:32:33 PM PST · by grey_whiskers · 14 replies · 1,317+ views
    grey_whiskers ^ | 2-10-2007 | grey_whiskers
    Much has been written lately about the inevitable decline of the West into insignificance. Between the cultural decline (watch any episode of Jay Leno’s “Jaywalking” or American Idol), population demographics (thanks to gay marriage, fault free divorce, and the like), it is felt that the West has had its day in the sun. The heir apparent for the West is still unclear. Is it to be Islam resurgent, mounting a late-inning comeback following their humiliating defeats since the Crusades? A new Caliphate, this time astride the decaying continent of Europe? Will it be China, home of over 1 billion people,...
  • Domestic Producers Lose Increasing Share of Home Market to Foreign Competition (Tariff,anyone?)

    12/27/2006 5:22:07 AM PST · by ProCivitas · 424 replies · 3,546+ views
    U.S. Business & Industry Council ^ | 12/26/06 | Alan Tonelson ,Peter Kim
    Tuesday, December 26, 2006 Everybody knows that the loss of huge portions of their home U.S. market to imports has decimated U.S.-owned automakers Ford and GM (as well as Chrysler, which is no longer U.S.-owned, but shares many of Detroit’s biggest problems). What everybody doesn’t know is that literally dozens of U.S.-based manufacturing industries have suffered the same kinds of losses since the late 1990s. The clear bottom line, as revealed by the U.S. Business & Industry Council’s latest annual survey of domestic manufacturing’s competitiveness: The United States is a military superpower, but is steadily becoming an industrial also-ran. The...