Economy / Finance

by Thomas Scherr

(18 November 2021) In the aftermath of the 2020 lockdown, many economic problems have arisen, as “German Foreign Policy”, among others, reported in an article at the end of September.¹ However, anyone who looks at the current supply crisis only from the perspective of the past five years falls short. It is necessary to look at 30 years of neoliberal globalisation.If you don’t train enough nursing and care staff in your own country, you just get them from abroad. – their own situation is not “our” problem. – The main thing is to keep wages low. Truck drivers are recruited in Poland or Romania or brought in from Belarus. Low wages is all that counts. This is what the free movement of persons in globalised world trade looks like.

by F. William Engdahl

(23 September 2021) Over the past decades world ocean trade has expanded almost exponentially as major manufacturing outsourcing from USA and European corporations has blossomed under the advent of economic globalization. The result has been that Asia, most especially China, has become the essential manufacturing source for everything from iPhones to antibiotics and everything in-between.