Trade wars: what are they good for?

Date: Saturday 26th October
Time: 15:00 - 16:45
Location: UCL Chadwick Building, room B05
Speaker: Niklas Albin Svensson

As part of his promise to "make America great again", Donald Trump has torn up free trade agreements and slapped huge tariffs on Chinese imports. But the result of this protectionism will not be to bring jobs back to the USA. Rather, it could be the beginning of a full-on trade war that would plunge the global economy into another world slump.

At the same time, it is clear that the working class everywhere has not reaped the benefits of globalisation and the expansion of world trade. Instead, the last few decades have seen stagnating wages and rising inequality.

In this talk, Niklas Albin Svensson provides a Marxist analysis of the free trade vs protectionism debate, explaining what the socialist alternative is to trade wars and capitalist crisis.

Recommended reading:

On the question of free trade by Frederick Engels
Trump's war on globalisation
Imperialism and free trade deals