Strange world with Jeremy Corbyn passionate about business investment? Meanwhile, UK Government’s Liam Fox still in hot pursuit of ‘chlorinated chickens’ for all. But Rees-Smogg and his hedge-fund supporters must be getting ready to speculate against the Pound on the back of a hard-Brexit? I never thought I’d agree with Jeremy Corbyn on anything but he’s right about British exporters being seriously underweight. Any thoughts on an aggressive pro-trade policy post Brexit?
In this video clip, the editor of one of China’s largest and most outspoken newspapers highlights how China will win Trump’s trade war. As a passionate supporter of globalism and open markets, I’m alarmed that Trump’s interventions will reduce global trade (according to IMF forecasts). Trump needs to address US industrial investment, national skills and productivity. Under Trump, US corporations are more incentivized to return money to shareholders than fund new facilities in the US. The economic cost of reversing the decline of US manufacturing would be enormous. To increase US competitiveness, policymakers must address the economic consequences of obesity and addiction – both alcohol and drugs. Views?