Trade Wars Hurt

Trade Wars Hurt

Yes, it’s terrifying Russia’s disruption of elections. But they’ve got a bigger fish in the pond: they’re destroying the world capitalistic order. The global recession is slowly, methodically seeping over the planet like a spilled jar of syrup. By the first of the year every privileged westerner will feel it.

Trade wars started by America will be understood by everyone to be the cause. But the viscous nature of a global recession isn’t easily reversed, particularly when Russian-supported governments are precisely the ones supposedly responsible for getting us out of the goop.

In Africa as I presume everywhere, the squabbles and bureaucracy strangling intra-African trade is linked directly to America’s initial actions… You don’t reap what you don’t sow.

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What Future?

What Future?

imfmozambiqueReset by the global recession, reconfigured by massive new production of oil and gas in the U.S. simultaneously with aggressive development of non-fossil fuels, Africa begins to collapse.

Nigeria, Angola, Egypt and Algeria, even Ghana and many countries not wholly dependent upon natural resources are in economic tailspins. The best example is Mozambique.

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