How the United States has adopted the opposite of a capitalist economy
However, unlike what happened previously, the Fed had, in the interpretation of monetary policy trends, offered a more optimistic forecast on the US economy.
Rate of investment growth shows signs of declining as some companies pull out
The US-China trade war is more than a year old now, with no end in sight.
It has been said many times that one should not be guided by fear. That fear is a bad counsellor. But is that really so?
The US administration’s new tariff threats against Mexico and India show that the US has a tendency to expand its range of trade frictions with other countries. This has undoubtedly created further impact on the global capital market.
The G20 summit, which ended in Osaka last week called for fairer and more inclusive trade arrangements with the backdrop of China and the US calling a truce to their ongoing trade feud and with other countries calling for freer trade.
The resolute determination of the various Asean leaders calling for the swift conclusion of the Chinese-led Regional Comprehensive Economic Partnership (RCEP) by the end of the year suggests that China has taken the lead in geopolitical leadership in the region from the US.
The Shangri-La Dialogue that ended last week dominated the heightening tensions between the US and China on both the economic and military fronts which is a deep source of regional anxiety in the Asia-Pacific region.
The famous German philosopher and economist Karl Marx once wrote in his 1848 Communist Manifesto that workers would have “nothing to lose but their shackles” in the struggle against their capitalist oppressors.