‘Reverse’ subsidies

A couple weeks ago the NYT magazine ran a piece by contributing writer Tina Rosenberg, which attempts to outline some of the ways in which “everyone in a wealthy nation has become the beneficiary of the generous subsidies that poorer countries bestow upon rich ones.” Continue Reading...

Commerce and war: Poles apart

Make trade, not war? In an excerpt from his new book “The Commercial Society,” Sam Gregg examines the long held view that nations engaged in trade are less likely to wage war. Continue Reading...

China-Taiwan Trade Spike

Tension between China and Taiwan is one of the more troubling matters in geopolitical affairs. Now AsiaNews reports that trade between China and Taiwas increased by 15 percent in the first half of 2006. Continue Reading...

Cashing in on carbon credits

As Earth Day approaches (April 22), Jordan Ballor reflects on the Kyoto Protocol and some of the results of the “market-based” incentives promised to those who signed on. The Kyoto Protocol created a carbon trading system, a “cap and trade” mechanism where a set number of carbon credits were established based upon the 1990 levels of emissions from the involved countries. Continue Reading...

Bigger and better

When I was in college, living in the dorms, friends of mine would play a game called bigger and better. In this game, they would take an object–something that they owned–and trade it up for something that was worth a bit more to them, but worth a bit less to the person that they were trading with. Continue Reading...