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Neither Tariffs nor Sanctions can Save a Declining Mordor
Summary by Socialist Planning Beyond Capitalism
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Neither Tariffs nor Sanctions can Save a Declining Mordor
The presence of the BRICS trade networks has rendered both Trump tariffs and sanctions ineffective. Both Brazil and China are examples. “Ultimately, by attempting to forcefully coerce the rest of the world into its trade policy, Washington reveals the loss of power of the old systemic centre, formed by the West. The West lost its relative share of global GDP, its centrality as a commercial hub, and its weight as an investor in the Global South. …
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