deglobalising Archives - Rvpg media

deglobalising

My guide to a deglobalising world

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I’ll never forget an interview I did years ago with the late Richard Trumka, the then-president of the AFL-CIO, America’s largest labour union. Trumka, a tough-talking former Pennsylvania coal miner turned lawyer, told me about a conversation he had had in the 1990s with a Clinton administration official about the fallout of Nafta, which had … Read more

A deglobalising world will be an inflationary one

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For the last few decades, globalisation and disinflation have gone hand in hand. As multinational companies grew far beyond the confines of individual nation states, they were able to use technology, outsourcing and economies of scale to drive down prices. Cheap labour, cheap capital and cheap commodities kept them down.  Now war in Ukraine has … Read more