Palladium Podcast Ep 38: Marc Fasteau and Ian Fletcher on the Return of Nation State Capitalism

Editor’s note: Marc Fasteau and Ian Fletcher are interviewed in this podcast relating to their recent article on the economic foundations of industrial policy. This podcast accompanies their recent article on the topic in Palladium magazine.  Marc Fasteau and Ian Fletcher join Wolf Tivy to discuss the economic foundations of industrial policy, why manufacturing is…

Warren and Booker Press Meatpackers on Exports to China

Editor’s note: The major meatpackers in the US are foreign-owned, or they are stateless multinationals. Their warnings of meat shortages while exporting more to China are another reason that they shouldn’t be trusted.  Senators Elizabeth Warren and Cory Booker questioned how companies could warn of pandemic shortages while exporting record amounts of pork to China.…

America’s Trade Deficits

Editors note: Ken Austin, a former treasury official, explains the intricacies of capital flows, exchange rates, and the trade deficit. Blame U.S. Policies – Starting With Tax Laws By Ken Austin For over 15 years, the United States has been locked in an escalating and seemingly endless trade war with political allies and adversaries. The…

Martin Wolf: what trade wars tell us

Editor’s Note: “Martin Wolf, in this article, reviews Pettis/Klein’s new book “Trade Wars are Class Wars”. It is an important book and even Wolf manages to get most of it right.  The “trade wars” are not Trump tariffs but pre-existing trade imbalances. The imbalances are caused by engineered overproduction in relation to consumption in persistent…

The US must withdraw from the WTO

Editor’s note: Congressman Peter DeFazio is absolutely correct. It will take years to fully understand the impact COVID-19 has unleashed on our country, but one thing we know for certain is that the pandemic has exposed the dangerous and indefensible public health and national security threats of hyperglobalization. It has revealed the frightening truth that…

CPA Praises Senate Resolution on Buying American-Made Products

Washington. The Coalition for a Prosperous America (CPA) today praised a new Senate resolution calling on Americans to buy domestically produced goods.  The bipartisan resolution, introduced by Sens. Rick Scott (R-FL) and Tammy Baldwin (D-WI), urges support for U.S. manufacturers and their workers. Co-sponsors include Sens. Kelly Loeffler (R-GA), Chris Murphy (D-CT), Mike Rounds (R-SD), Shelley…

The Economic Foundations of Industrial Policy

Editor’s note: Marc Fasteau (CPA Board Member) and Ian Fletcher (CPA Advisory Board Member) authored this important piece describing the economic basis of successful industrial policy. A book will be coming soon.  Industrial policy is back on the national agenda.  From Marco Rubio on the right to Elizabeth Warren on the left, a bipartisan consensus…

Over 1,300 Chinese Medical Suppliers to U.S.—Including Mask Providers—Use Bogus Registration Data

Editor’s note: Chinese companies’ fraud is not just in the stock market, it is in the FDA approval database.  WSJ analysis shows gaps in FDA coronavirus-response program; false address, nonworking number [Austen Hufford, Mark Maremont and Liza Lin | June 12, 2020 | WSJ] More than 1,300 Chinese medical-device companies that registered to sell protective…