announcement of tariff hike tantamounts to a beggar-thy-neighbour
policy that would inevitably attract retaliation.
But these current protectionist measures on capital-in-production
do not in any way restrict capital-as-finance. They
are just desperate and counter-productive attempts
at coping with a crisis, which is itself an outcome
of the process of globalization of finance.
This article was originally published in The People's
Democracy on March 25, 2018.