Michael McAteer Profile picture
Mar 31 5 tweets 2 min read Read on X
Canada and Australia used to be on par economically. That changed around 2010 when Australia started making hay with their trade with China. Image
Canadian Conservatives have fully bought into American anti-China dogma. It was a trap we fell into when in his first term, Trump took Huawei's CFO Meng Wanzhou hostage. Trudeau's Liberal government rolled over for the U.S. extradition request and arrested her in Vancouver.
I remember at the time retired members of Canada's diplomatic corp recommending that ministerial prerogative be exercised to release her. They saw through the sham and ultimately the American DOJ did not prosecute her. It ruined our trade relations with China.
Conservatives are still at it with their absolutist notion that China's policies in Xinjiang Uyghur Autonomous Region (XUAR) constitute a genocide, or at the least, so abusive of civil rights that Canada's trade with China should be abrogated.
It's an emotional appeal, but one devoid of an understanding of history. Many of these Conservatives are ones that will quickly proclaim a danger in the immigration of Muslims to Canada. Image

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More from @Monetarius

Apr 1
The latest salvo from the Conservatives is that Liberals are moral hypocrites for not acknowledging what they claim is a Chinese genocide against the Uyghurs of the Xinjiang Autonomous Region. This is the lay of the land:
There are approximately 11.77 million Uyghurs in China, with the majority living in the Xinjiang Uyghur Autonomous Region. Uyghurs constitute roughly 44.96% of Xinjiang's population, making them one of the largest ethnic groups in the region, closely followed by the Han Chinese.
Conservatives cite the American proscription on the importation of goods made with forced labour which they say accounts for about 10% of the aluminum produced in China.
Read 7 tweets
Mar 31
Canada and Australia used to be on par economically. That changed around 2010 when Australia started making hay with their trade with China. Image
Canadian Conservatives have fully bought into American anti-China dogma. It was a trap we fell into when in his first term, Trump took Huawei's CFO Meng Wanzhou hostage. Trudeau's Liberal government rolled over for the U.S. extradition request and arrested her in Vancouver.
I remember at the time retired members of Canada's diplomatic corp recommending that ministerial prerogative be exercised to release her. They saw through the sham and ultimately the American DOJ did not prosecute her. It ruined our trade relations with China.
Read 5 tweets
Mar 29
Gotta say that having an instant AI summary's gives one the opportunity to assess whether doing the heavy reading of original texts is worth the effort. The question is always, "Why".
It segues well into Walter Benjamin's observations of the rise of fascism in Germany in the early 20th century.
"Benjamin said that fascism tends towards an aestheticization of politics, in the sense of a spectacle in which it allows the masses to express themselves without seeing their rights recognized,
Read 4 tweets
Mar 12
1980 is a significant date in the Kondratiev model of long waves of economic activity where many economic data broke trend, and so too the chart of mean global temperatures confirms the same about planetary warming.
I have cited numerous times that 2022 is also a year where number of key economic data broke trend in the opposite direction, suggesting to me that we have started a new long wave.
On the trend of global warming, does this chart indicate that our efforts to date to decarbonize world economies are starting to gain traction? If so, we are looking at a good news story. Image
Read 4 tweets
Mar 5
Walter Scheidel's thesis in his new book, The
Great Leveller: Violence and the History of Inequality from the Stone Age to the 21st Century, is that only violent events have significantly lessened inequality.
"For thousands of years, civilisation did not lend itself to peaceful equalisation. Across a wide range of societies anddifferent levels of development, stability favoured economic inequality. This was as true of Pharaonic Egypt as itwas of Victorian England,
...as true of the Roman Empire as of the United States. Violent shocks were of paramount importance in disrupting the established order, in compressing the distribution of income and wealth, in narrowing the gap between rich and poor.
Read 9 tweets
Feb 22
This observation from Kondratiev's paper in 1927, Long Waves In Economic Life, is one of many that can be attributed to our contemporary experience. The mid-wave crisis peak that announced the recession of the last wave was undoubtedly, for the sake of assigning a single point,
...1980 when gold prices and interest rates hit their highs. It was also the period in which computer and internet technology made its appearance.
I am suggesting, apropos of Kondratiev's comment, that a feature of our place at the start of the new long wave, is the belief that AI will change everything by its adoption at a mass scale.
Read 5 tweets

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