Posts

The Sino-American Trade War: Are Trumponomics Making America Great Again?

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The economic policies of the current controversial American head of state have become known for their protectionist nature, individual and corporate tax reforms and, most notoriously, immigration reduction. Since Trump's tax reform plan was adopted as law, there have been mixed results, showing that there is potential for the President to indeed make America great again. For example, in 2017, the nation's real gross domestic product grew by 2.3%, compared to 1.5% the previous year. Furthermore, while job creation, an important element of Trump's campaign rhetoric, decreased by 10.1%, to its lowest level since 2013, the unemployment rate has simultaneously fallen for the eighth consecutive year, and labour force participation among prime-aged labourers has increased for the fourth consecutive year. Equally, the stock market grew strongly, and the United States has seen a growth in household net worth for the eighth year straight. That said, the President's recent trade …

Brexit and Catalonia: The Myths of Nationalism

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Apart from a media report earlier this morning claiming that Theresa May's Cabinet are due to set out a concrete customs plan for when Britain properly breaks away from the EU, progress towards reaching an accord with the European mammoth organisation has been mostly stagnant. Admittedly, there was a period of hype earlier last year when the Prime Minister rejoiced at the prospect of Britain striking bilateral deals with industrial powerhouses, such as Japan, but this was quickly downplayed by the corporate giants, who warned the Japanese Prime Minister that a hard Brexit would not be desirable given that the European Union houses a gargantuan market with ripe opportunities for business. Following on from my first Brexit article, which touched upon the issue of nationalism and imperialist nostalgia that partly fueled the vote, in this piece, I shall be discussing the myths of the chauvinism inherent in both the Brexit vote and the Catalonian crisis, with a greater focus on the for…

The End of an Era: A Postmodern and Phenomenological Examination of Socialism and Capitalism

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I thought I would add to the festive season by offering my interpretation of the long-running debate over whether there can be, or whether there will ever be for that matter, a system characterised by both capitalism and socialism in tandem. Much recent discussion of this matter has been undoubtedly shaped by the advent of postmodernism, and by scholars' attempts to reconcile the need to re-evaluate and update common conceptions with the more tangible human experience that the school of phenomenology has striven to comprehend ever since the days of Hegel. The overarching argument of this article is that, given the constant fluidity of the commercial and political world, perhaps we have reached the end of the epoch defined by the capitalism/socialism dichotomy, and we therefore ought to move beyond categorical rigidity when attempting to understand contemporary society in order to better grasp its flexible and changeable nature. Consequently, I shall begin by conveying why the clai…

Antitrust and Institutionalism: A Critique of Traditional Chicago School Conceptualisations of Antitrust Law

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In its simplest form, antitrust law refers to legislation that is designed to prevent the formation and spread of monopolies. At the core of such a law is the will to protect small businesses from being disadvantaged by unfair tactics, as well as to provide consumers with better price choices through fostering competition. In this entry, I shall debate the various ideologies that have underpinned changes in antitrust legislation, with an emphasis on the branches that have emerged from the famed Chicago School, and I shall place these in the context of the Reagan Administration, which is an era that many scholars consider to be a watershed period for antitrust policy. Additionally, I shall argue that the as-of-yet infant Neo-Chicago School could serve as an apposite framework for understanding the modernisation of antitrust law and as an apt guide for future antitrust proceedings. As such, in comparison with my previous entries, this one will admittedly be more ideologically discursive…

Learning to Fly: How Turmoil in the Civil Aviation Industry Reflects the Simplistic Understanding of Capitalism by Trade Unions

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"That's not flying, that's just falling with style''. These are the words famously uttered by the character of Woody from Pixar's hit film Toy Story, in relation to Buzz Lightyear's bravado with regard to flying. This assertion poignantly captivates the recent tenseness within the civil aviation business that has seen a selection of high-profile airlines plummeting into insolvency. Many such incidents have occurred as a result of extraneous adverse factors, as well as officials succumbing to trade union pressure. The overarching argument that I shall propose in this article is that much industry turmoil that pertains to labour union complaints reflects the reactionary stance of said unions, for their constant emphasis on the greed of chief industrial giants is the result of a black-and-white conceptualisation of globalisation and global capitalism. I will use recent shakeups in the aviation sector to illustrate this point, especially the Air Berlin scandal…