internationaleconomics
A recent survey found that, by and large, people support free trade. So why don't our politicians? This week, the Cato Institute released its 2024 Trade and Globalization National Survey. Of the 2,000 American adults polled by YouGov, 66 percent said that international trade is good for the U.S. economy. When half of the respondents were asked if they "favor or oppose the United States increasing trade with other nations," 63 percent were in favor. (The other half were instead asked if they "favor or oppose people in the United States trading more with people from other nations," to which a sm...
Reason
How did a movement started by a one-time hero of the American left end in an authoritarian dictatorship? Before Nicólas Maduro, Venezuela was led by Hugo Chávez, who was buddies with Danny Glover and Sean Penn. Chávez had lunch in New York with Nobel Prize winner Joseph Stiglitz, who also once traveled to Venezuela to praise Chávez's economic policies. He was Oliver Stone's guest at the Venice Film Festival, where he flirted with a photographer on the red carpet and stayed up late sharing a bottle and a half of tequila with Michael Moore. Human Rights Watch called attention to Chávez's authori...
Reason
The first domino: A bad U.S. economic outlook, reflected in Friday's jobs report, helped prompt major stock sell-offs globally over the weekend. "Japanese stocks collapsed on Monday in their biggest single day rout since the 1987 Black Monday sell-offs," reports Reuters, with the Nikkei 225 index falling 12.4 percent and the Topix index falling 12.2 percent. The Kospi index in South Korea fell more than 10 percent. Equity markets felt the pain in Taiwan, Australia, Singapore, Hong Kong, and China, though to a lesser degree. "At one point, the plunge in Japanese and Korean stocks tripped a 'cir...
Reason
Mike Pompeo has a hostile obsession with Iran. From his earliest days as CIA director in 2017, he advocated for a "leadership decapitation strategy" against Iran, reportedly telling his underlings not to worry whether that act of war would be constitutional, because "that's a question for the lawyers." Pompeo also reportedly told friends that he "will not retire from public service until [Iranian Gen. Qassem] Soleimani is off the battlefield." He got his wish in 2020, successfully pushing President Donald Trump to assassinate the general. After Pompeo became Secretary of State in 2018, his Sta...
Reason
Former President Donald Trump's trade war with China did not work out as planned, and one of his former advisors is finally admitting as much. This week, Semafor's Morgan Chalfant wrote about the potential trade policies of a second Trump administration. Toward the end of his first term, Trump reached a $200 billion deal with China. For his possible second term, though, Trump has suggested a 10 percent tariff across the board on all imports, with additional tariffs as high as 60 percent on goods from China, the country's third-largest trading partner. "I don't think we're going to see a deal l...
Reason
This week's featured article is "The Mirage of China's I.P. Theft" by Richard Vigilante. This audio was generated using AI trained on the voice of Katherine Mangu-Ward. Music credits: "Deep in Thought" by CTRL and "Sunsettling" by Man with Roses The post <I>The Best of Reason</I>: The Mirage of China's I.P. Theft appeared first on Reason.com.
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