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Links 2/7/2021 | naked capitalism


We go to war with “West Vietnam” again, imagine all heck breaking loose. The headlines write themselves!
Dftbs
Re: Biden’s China trade policy in the SCMP. I’m incredibly doubtful of the honest desire the Democrats would have to repatriate manufacturing, and honestly I am doubtful of theirs, or any one’s, ability to do so.
I agree that it reads as smart politics to say you’ll shift the balance of power away from wall st. But unfortunately for the Biden administration, this would undercut the other ambitious goals they have for the country.
An earlier post on this blog(Hudson 2/6) accurately described how the current monetary system which allows for the projection of American power arose and is supported by the structural deficit in the balance of payment as well as the crushing of labor power. ....

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