Commentaries

 

Superpower War of the 21st Century – Declining America and Fading Capitalism Versus Rising China and Shining Communism!

Will US Trade War Conclude the Third World (Cold) War Started in the 20th Century?

By Pushpa Kumari

July 5, 2018

Historically, a transition from one superpower to another has involved a war. If history repeats itself, should the recent US trade war be assumed as a last phase of the superpower transition from the US to China? Last transition took place during the WWI from then superpower the UK to the USA. During war the US became the biggest wartime trade and finance supplier for the UK, and it was in 1916 when US output outpaced that of the entire British empire…. Read More

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Second-hand Clothes Trade Conflict Shows That Emperor Has No Clothes

By Pushpa Kumari

June 5, 2018

Trade conflicts are normal because nations may have their own national interests which at times are conflicting. But the trade conflict under discussion here is fairly abnormal. This is a trade conflict not between two normal trading partners, but America is at trade conflict with Rwanda. One nation having GDP 2224 times bigger (the US $19 trillion) than the other (Rwanda $8 billion). More important than the size of economy is the item of conflict– second hand clothes…. Read More

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