What Are Taxes For?

The MMT Approach by L Randall Wray http://neweconomicperspectives.org (May 15 2014) This is part of a series, following on from http://neweconomicperspectives.org/2014/05/need-taxes-mmt-perspective.html that asked: "Do We Need Taxes?". Previously we have argued that "taxes drive money" in the sense that imposition of a tax that is payable in the national government's own currency will create demand … Continue reading What Are Taxes For?

China’s Long March to Total Food Security

by Jim W Dean New Eastern Outlook (October 26 2019) https://journal-neo.org/wp-content/uploads/2019/10/8809.jpg Earlier this year, China announced adding five million more hectares to its 42 million already connected farmland and shooting for sixty million hectares by 2022. This is part of China expanding, modernizing and restructuring its agriculture industry from top to bottom for maximum production … Continue reading China’s Long March to Total Food Security

China’s Hidden Economic Time Bomb

by F William Engdahl New Eastern Outlook (October 22 2019) https://journal-neo.org/wp-content/uploads/2019/10/AGE453452.jpg The China government statistical agency just released economic data showing the poorest GDP growth in almost thirty years for China. The problem goes far deeper than recent effects of the US-China trade war or the impact of calamities such as African Swine Fever that … Continue reading China’s Hidden Economic Time Bomb

US Fears Mass Boycott …

... as Chinese Turn to Homegrown Brands A wave of nationalism sweeping the mainland could be bad news for Western brands. by Shelly Banjo and Thuy Ong https://www.bloomberg.com/news (October 24 2019) https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibBNBihG3bTs/v0/1200x-1.jpg Photographer: Andrew Paterson/Alamy When a Chinese automaker set out to find a celebrity endorser for its new electric cars earlier this year, the … Continue reading US Fears Mass Boycott …

Major Reason for China’s Slowdown …

... is Tardy Pace of Reforms, Not Trump's Trade War https://sputniknews.com Opinion (October 24 2019) https://cdn5.img.sputniknews.com/images/104442/93/1044429376.jpg China is facing an economic slowdown in 2020, the latest IMF report says, projecting that the country's growth rate could fall below six percent. Sourabh Gupta, an Asia-Pacific international relations policy specialist, has explained what's behind the IMF prognosis … Continue reading Major Reason for China’s Slowdown …

Mainland Chinese Who Oppose Hong Kong’s Protests …

... aren't brainwashed by censorship, despite what the West might think Many in the West and Hong Kong mistakenly believe that mainland Chinese are unthinking and uncritical. On the contrary, one consequence of life behind China's Great Firewall is a hypersensitivity to the veracity of information. by Ren Yi South China Morning Post (October 25 … Continue reading Mainland Chinese Who Oppose Hong Kong’s Protests …