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...League could include larger goalposts, 14 players and with each half punctuated by four “television timeouts”, to please advertisers and the ECJ judges, who have just displayed an unlimited appetite for mercantilism...
...Big Tech firms operate a corporate monopoly with government blessing, a “privatised mercantilism” operating through “proprietary markets”....
...Barack Obama’s administrations created the Trans-Pacific Partnership, aimed at encircling China with a ring of economies aligned with a US model of trade, but Congress blocked it in a fit of parochial mercantilism...
...I think we’d see more pressure on European leaders to join the US in a shared approach to Chinese mercantilism, including both capital controls and increased subsidies for re-industrialisation in strategic...
...Chinese mercantilism, European and US corporate price gouging, American Big Tech and Too Big To Fail banks are really all disparate parts of one problem — too much concentration of power in one place....
...Mercantilism was the reigning orthodoxy because it worked pretty well for a lot of the empires of note, like the British empire....
...China has charted mercantilism and state-led industrial policy as its course to riches and power....
...I say grudgingly because here we’re in a world of corporatist mercantilism rather than a competitive market, and the European business-government nexus has shown a woeful lack of foresight in shifting towards...
...In theory, I’m for a price on carbon — indeed we need to have one if we are going to fight low labour and environmental standards, and the mercantilism that tends to fuel them....
...She spoke about “chokepoints” that needed to be addressed and broken, regardless of whether they were the result of Chinese mercantilism (in the case of rare earth minerals), Russian aggression (food crops...
...As veteran emerging markets analyst Karthik Sankaran notes, Turkey is exempt from the usual critique of the east Asian export-oriented model — prospering by currency mercantilism, sapping demand from trading...
...The immediate targets on that front are Russia’s weaponisation of commodities and Chinese mercantilism. But the end goal is to avoid economic chokepoints wherever they occur....
...The UK was embarking on a solo mission to boost its global trade at a time when geopolitics and rising mercantilism had “choked” the global trading system....
...One is that the trade surpluses would have run head on into US mercantilism....
...Please also have a look at my column today about what Chinese mercantilism, too big to fail banks, Big Tech, and price-gouging European corporations all have in common....
...This would end much of China’s mercantilism, which depends on underpriced labour and commodities, as well as poor environmental standards in many cases....
...non-aligned pragmatism among many emerging markets I wrote about in last week’s column, and the Phenomenal World newsletter looks at how rich-world protectionism is leading to economic nationalism and mercantilism...
...Tai has recently made some strongly worded statements about Chinese economic coercion, and also focused on the importance of reducing chokepoints of economic power wherever they come from — be it Chinese mercantilism...
...Mercantilism, laissez-faire and Keynesianism were all forms of capitalism, as was FDR’s New Deal. As, for that matter, are the social democracies of northern Europe....
...But this kind of mercantilism is starting to feel old-fashioned....
...If the goal is to combat China’s large-scale mercantilism, which is reasonable, the US should be forging trade and investment treaties with other nations, especially in the region....
...Olaf Scholz, Germany’s chancellor, met Xi in Beijing on Friday in a sign of Germany’s persistent dependence on China and its failure to learn from the mercantilism that has made it hard to shrug off Russia...
...I think about markets, economies, and capitalism in general not as being handed down on stone tablets, but as systems that evolve and change to fit the needs of the time. 18th century mercantilism gave way...
...“During the Trump administration there was an emphasis on America first, a kind of neo-mercantilism . . . that also continues under the Biden administration,” he says....
...And the west is certainly guilty of its own historical mercantilism and transactionalism....
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