protectionism

United States: Trump brings economic nationalism centre stage

Recent weeks have brought to the fore two main issues concerning US President Donald Trump.

The first was his doubling down on one central theme of his election campaign — economic nationalism. This was found in his charge that most of the rest of the world is somehow “exploiting” the United States — and he will fight back.

The second is his drive to establish himself as an authoritarian president, the “strongman” who can take on the dysfunction in the two capitalist parties that dominate US politics.

Australia: A brave new world — Federation to Depression

During the 1890s the Australian colonies were ravaged by unemployment, industrial conflict and misery. Economic conditions became so bad there was a determined attempt to create a different society, a society that was protected from the ravages of capitalism. One such attempt was by journalist William Lane who, in 1893, had little difficulty in recruiting members to his new utopian society in distant Paraguay. This attempt was ultimately a failure, mainly due to Lane's demanding personality, but the idea of a new, fairer society lingered.