Chinese steel is a typical strawman for U.S. politicians. Employment in the U.S. steel industry fell dramatically indeed. There were around 780,000 employees in the sector in the late 1960s and the industry was producing 115 million tons of steel. Today, there are less than 100,000 employees.
Polish economic policy should aim to increase the country’s resilience and strengthen economic foundations. The safety margin, in the form of ensuring the appropriate fiscal space, must be maintained not only because of tensions in the world economy, but also in terms ofpossibly less sharp, cyclical slowdown.
Having said farewell to the year 2016, I do not really know whether I should be happy or worried. Should I be glad that this disastrous year has ended? Or rather fear that 2017 may be even worse. Why? I’ll try to explain it in a nutshell.
A group of Trump’s strategic consultants at Technology Summit in Silicon Valley, the global center of technological innovation, has grown by two venerable names: Elon Musk and Travis Kalanick. Not familiar with these names? What a shame! Trump swallowed his pride and asked both of them to attend regular meetings.
And that’s how Law and Justice will put the safety of our country on the plater and place it in the hands of Rex Tillerson, for whom keeping Warsaw in the American sphere of influence lost any appeal along with the failure of shale gas extraction on our territory. And Tillerson will pass the plater on to his friends in the East.
Treaties about free trade are not about free trade, but about managed trade. They are the result of thinking in the frames of the 300-years old mercantilist philosophy, which considers export to be the source of wealth and import to be the price paid for that wealth.
Syrian civil war is ongoing since 2011, but the end of this bloodshed seems to be still far-fetched. On the contrary, the indirect confrontation between Russia and the U.S. on this field seems to grow in tensions in a way that could sometimes remind us of the cold-war period.
A lot people look to the United States as a role model. But I think it’s important to try to seperate out what’s good about the U.S. that you want to copy and what’s bad about the United States that you do not want to copy. And that can be challenging.
The past two weeks were characterized predominantly by discussions over the hacking of Bitcoin exchange BitFinex. Other noteworthy news streamed mainly from Zimbabwe, the U.S., Isle of Man, China, and customarily from Russia.