on August 15, 2015 in World News
China Devaluation Exposes Fragility of Globalized Economy
China Devaluation Exposes Fragility of Globalized Economy by Kevin Kearns “If the U.S. doesn’t write the rules, China will write the rules,” is a slogan that President Obama has repeated endlessly to sell the Trans-Pacific Partnership (TPP). The president is in effect saying that the United States would force China into complying with a U.S.-preferred set of rules simply by setting them down in the TPP. This claim is an analytically-free assertion if there ever was one, and completely unlikely even if China joined the TPP in the future. Yet the slogan was also mouthed mindlessly by Republican free-trade parrots… View Article
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