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Analysis China World

What is left of the Chinese Left?

In the midst of the trade war between the US and China, quite a few among the international Left feel happy about Beijing “standing up to Trump’s bullying”. While we are temporarily entertained by Trump’s failure, we must not forget that any Xi victory in his counter-offensive always requires the people to pay the price.

Analysis Economy United States

Stagflation and the K-shaped economy

Rising inflation is one thing.  But it is being accompanied by a weakening jobs market as employment growth slows to a trickle and wage rises, especially for the lower paid, have slowed. Unemployment among Hispanic workers — who swung significantly towards Trump last November — rose to a year-high of 5.5 per cent in September, compared with 4.4 per cent overall.

Environment

COP 30: It’s no joke

The only way humanity has a chance of avoiding a climate disaster will be through a global plan based on common ownership of resources and technology that replaces the capitalist market system. Meanwhile, the cop-out continues.

Analysis Politics United States

The key characteristics of Trump’s second term

In line with other authoritarian politicians, Trump has leveraged his position to turn the state into a cash machine for him and his cronies, using his position of power to extract wealth through various means, including extortion based on legal threats, sales of Trump-themed trinkets, lavish gifts, and crypto-currency trading.

Analysis Politics United States

Trump’s leap into irrationalism?

Beyond a handful of commitments, mostly revolving around ways to boost his own power and to line his pockets, Trump is completely mercurial. Perhaps this is part of his projection of a “strongman” image, but it can also produce a situation where, among his minions, “the knives are out for everyone,” as Trump biographer Michael Wolff said.