The economic project of the Truss government overall has no prospects at all of meeting its stated aim of increasing the trend rate of growth in the economy.
The sole important obstacle to severe further damage to living standards, public services and wider society that are central to the project is the resistance being mounted by many trade unions and their members.
Colombian President-elect, Gustavo Petro intends to normalise relations with Venezuela and wants to carry out a new left economic strategy on a ‘new axis’. The elimination of poverty requires that the economy is modernised.
China in 2022 will face more negative global economic trends than in 2021. This will clearly require more domestic stimulus in China while making it necessary to avoid the errors of Trump/Biden administrations.
How China responded to the USSR’s collapse
An interview with Zhang Weiwei (Deng Xiaoping’s interpreter and now one of the most influential political analysts in China).
Biden has abandoned 40 years of US neo-liberalism. He is attempting the greatest change in US economic policy since Reagan. This change in economic policy will make the US a more formidable economic competitor to China.
Austerity measures are integral to the current economic policies of the US and UK. They amount to an all-round attack on wages and the social wage while there is a temporary boost to demand. That is why it is extremely foolish and misleading to compare them to the policies of Corbyn, McDonnell or Keynes.
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