From London’s holly-sellers to Engels’s flaming Christmas centrepiece, the plum pudding was more than festive fare in Victorian Britain, says KEITH FLETT
TO UNDERSTAND the global economic chaos endured over the last few weeks, it is essential to separate the proximate from the ultimate cause.
The immediate or proximate cause is the, often fatal, expanding contagion of the coronavirus (Covid-19).
The collapse of worldwide equity markets has been an immediate and widely noted effect of this proximate cause.
Washington’s tariff policies become explicable in light of the US economy’s relative decline and the astonishing rise of China, argues MICHAEL BURKE
The US president’s universal tariffs mirror the disastrous Smoot-Hawley Act that triggered retaliatory measures, collapsed international trade, fuelled political extremism — and led to world war, warns Dr DYLAN MURPHY
Trump’s economic adviser has exposed the actual strategy: forcing other countries to provide financial support for US hegemony



