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hierochloe's avatar

Thanks for this, the insight from USSR breakup is really valuable.

Mat Stoller has a decent piece about the tariffs on his substack that does a lot of decent speculation but only settles on the notion that there's no returning to the way things were before whatever changes arrive from this mess.

https://www.thebignewsletter.com/p/with-high-tariffs-has-trump-ended

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Yasha Levine's avatar

yeah i think global free trade neoliberalism is coming to an end — neoliberalism at home though isn’t going anywhere.

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eppish's avatar

Definitely, Yasha. But don't tell Scott Bessent & Trump & Bill Ackman that—they are intent on reinstituting neoliberalism worldwide forever & ever. And will cause a tremendous amount of pain in doing so. That said, the stability of the neoliberal privatization regime is wholly dependent upon the financial leverage produced by imperialist marketization abroad—because that's how liquidity is introduced into the system.

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