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Tag: trade and industry

China Floats, America Sinks
Yuan Kicks Dollar Butt by Rejecting “Free Market”

Greg Palast 

In case you haven’t the least idea what the heck it means for China to “float” its currency, let me put it in the language we economists use: China’s float don’t mean squat.

Yet our President, a guy whose marks in Economics 101 are too embarrassing to publish here, ran out to hail the fact that buying Chinese money will now cost more dollars. …more

The WTO’s Hidden Agenda

Greg Palast 

Three confidential documents from inside the World Trade Organization Secretariat and a group of captains of London finance, who call themselves the "British Invisibles," reveal the extraordinary secret entanglement of industry with government in designing European and American proposals for radical pro-business changes in WTO rules. ...more

The Fast Track Trade Jihad

Greg Palast 

After the attack on the World Trade Center, some enterprising hucksters here in New York tried to sell little bags of ashes to victims' families, supposedly of their missing kin. ...more

Two Symbols of American Capitalist Hegemony

Greg Palast 

There���s two people you ought to know: Greg O���Neill and Clinton Davis. They are exceptionally important because, according to Rana Kabbani, writing in my British sister paper The Guardian, they are "two symbols of American hegemony." ...more

Who Shot Argentina?
The Finger Prints On the Smoking Gun Read ‘I.M.F.’

Greg Palast 

And news this week in South America is that Argentina died, or at least its economy. One in six workers were unemployed even before the beginning of this grim austral winter. Millions more have lost work as industrial production, already down 25% for the year, fell into a coma induced by interest rates which, by one measure, have jumped to over 90% on dollar-denominated borrowings. …more

Why The Lights Went Out
All Over California

Greg Palast 

America Preached The Wonders of Free Markets to The Rest of The World
But Exempted Itself — Until Last Year

Sunday July 1, 2001
The Observer

Napoleon called England a nation of shopkeepers, but the Little Corporal never tried to purchase dietary staples (organic milk, Red Bull) from a Tesco Express. I tackled the manager as to why they were out of stock AGAIN. ‘It’s Friday,’ he said, as if that were an unforeseen occurrence, like a rogue tidal wave that had engulfed Upper Street and prevented deliveries. I began to explain that ‘Friday’ is what accountants call a ‘recurring event’ and HAVEN’T YOU BRITONS EVER HEARD OF COMPUTERS YOU KNOW THOSE THINGS THAT LOOK LIKE TELEVISIONS WITH TYPEWRITERS ATTACHED… but, by then, everyone was looking around at that despised figure, the Complaining American. …more

How Dr Dre Sings Out For The Big Six

Greg Palast 

The doctor didn't mince words. 'Now shut the fuck up and get what's coming to you!' In my exchange with Andre Young, the recording artist known as Dr Dre, this was the example he gave of his copyright intellectual property which he fears is reproduced, without compensation, by ne'er-do-wells using www.napster.com. ...more