Steam Center Blog

Fair trade implies that a country does not face a major trade deficit with another country. Presently some fear that steps being taken by US to end the trade deficit with China may lead to trade wars. In any case, it is leading to a lot of waste of time, stress, negotiations and worries for lot of humans across the spectrum of trade and governance. Trade wars take place when a country imposes tariffs on some goods and in response the other country imposes tariffs on other goods. There is however a very simple way to fix trade deficit that avoids trade wars or minimizes possibilities of one. It has been mentioned in this blog earlier but seems it was not heeded. An even simpler version of the method is now repeated. Any country A that wishes to balance trade with another country B may adopt the following rule of tariffs In any financial year if A or B has a trade deficit in the previous financial year, then the country in deficit shall impose a tariff of X percent on ...

From: https://agenda.weforum.org/2015/01/the-key-factor-behind-the-rise-in-income-inequality/ from https://agenda.weforum.org/2015/01/the-key-factor-behind-the-rise-in-income-inequality/ A recent excellent article by Scott Bixby at the World Economic Forum has brought out some startling facts about the world economy, led by the US.   The data is illustrated in two graphs, repeated here for discussion. The graphs show that an era that may be termed the era of economic exploitation, an era in which the rich get richer while the poor get nowhere or poorer began in 1980. It is an era of rising inequalities. The trend appears to have begun with the richest 0.1 percent in 1980 and then spread on to the 1 percent by 1985. For some reason that is not fully clear or merely coincidental this era of inequality has begun around the time of creation of the World Economic Forum and its meets in Davos. Perhaps the forum provides for a sharing of techniques ...