social.sour.is
  • Communities
  • Create Post
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
@naturalgasbad@lemmy.ca to World News@lemmy.ml • 1 year ago

Yellen Junks 200 Years of Economics to Block China Clean Tech

www.bloomberg.com

external-link
message-square
8
fedilink
  • cross-posted to:
  • worldnews@lemmy.ml
45
external-link

Yellen Junks 200 Years of Economics to Block China Clean Tech

www.bloomberg.com

@naturalgasbad@lemmy.ca to World News@lemmy.ml • 1 year ago
message-square
8
fedilink
  • cross-posted to:
  • worldnews@lemmy.ml
The Treasury secretary’s plan is a protectionist disaster that will impede the path to net zero.
  • davel [he/him]
    link
    fedilink
    English
    26•1 year ago

    Yellen works for the capitalist class, and they don’t like someone eating their lunch.

    Step back for a moment, and the suggested policy change is remarkable. One of the most distinguished living economists is rejecting what’s been one of the most fundamental principles of economics for more than 200 years: comparative advantage. If a country can manufacture goods at lower costs than you can, you shouldn’t raise tariff barriers. Instead, you should import the goods, and send back something in return where your industry is more efficient.

    The US has less and less to offer. The neoliberal capitalists deindustrialized the country, and our production costs are burdened by their financialization of everything.

    Geopolitical Economy Hour:

    • The debt explosion: How neoliberalism fuels debt crises
    • Economic solutions: How to go from financialized neoliberalism to a productive, sustainable economy
    • The truth about China’s economy: Debunking Western media myths
    • @TokenBoomer@lemmy.world
      link
      fedilink
      10•1 year ago

      Thanks for the reading list.

World News@lemmy.ml

!worldnews@lemmy.ml

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !worldnews@lemmy.ml

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

  • 2.24K users / day
  • 3.42K users / week
  • 5.41K users / month
  • 13.5K users / 6 months
  • 36.1K subscribers
  • 14.1K Posts
  • 133K Comments
  • Modlog
  • mods:
  • @Rumblestiltskin@lemmy.ml
  • @AgreeableLandscape@lemmy.ml
  • Jack.
  • @zephyreks@lemmy.ml
  • @OurToothbrush@lemmy.ml
  • BE: 0.19.3
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org