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Straight talk on trade, international institutions, Greek austerity and inequality

European austerity is a politics of power. It’s a banker protection racket. And the fact is, the strategy has now failed.

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Protestors outside trade negotiators meeting between 11 of the original 12 TPP countries, in Sydney, August, 2017. Protestors are urging Australian trade negotiators not to revive the dead TPP. Dan Himbrechts/Press Association. All rights reserved.We hear much talk today of how we need a “more balanced, principled discussion” on trade. Such a discussion would begin by acknowledging the historical significance of Alexander Hamilton, Friedrich List, Henry Carey, the ‘American System’ and the fact that every successful modern industrial society was actually protectionist until it no longer needed to be, including the UK which had Imperial Preference.

US global strategy today is to dominate resources and finance – teaching how to do this and training caciques are major functions of this university, as I’ve known since Baby Somoza, as we called him, was my Quincy House-mate back in 1972.

Let’s not kid ourselves: