Donald Trump is pushing ahead with his protectionist agenda, and possibly with good reason. There were over 17 million manufacturing jobs in the US in 2000, in the 10 years that followed, China joined the WTO and the US lost about a third of those jobs. In this edition of the Debunking Economics podcast Phil Dobbie asks Steve Keen whether protectionism is valid in this day and age. What of the conventional philosophy that trying to do everything locally avoids economies of scale and pushes prices up for everyone? Steve’s argument, you need a complex economy to produce efficiency and innovation. It’s the lack of protectionism that has stymied growth in many economies. But there are exceptions, especially for an Elon Musk fan boy like Steve!
Economics
Renegade Inc: Workers – Don’t Just Organise, Unionise!
For the predatory capitalist, precarious employment is profitable. But what if this subjugation and short-termism has had its time? As younger generations of workers increasingly see the benefits of a trade union, is the tide […]
Finance
Oxfam: “The Heist No One Is Talking About”
When companies are transparent about where they pay tax, we can start holding large global companies to account if it looks like they are making big profits from a country that is seeing little tax […]
EU politics
David Whyte – Proclaim the republic!
Filmed by David Whyte Edited by Hazuan Hashim http://www.hazandphil.co.uk/index.html First published by Bella Caledonia http://bellacaledonia.org.uk/
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