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The Global Trade Game: Jokers Are Wild

The Global Trade Game: Jokers Are Wild

There may be no winners of the game of Global Domination (tm), and that is likely the best outcome.

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Charles Hugh Smith
Apr 02, 2025
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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
The Global Trade Game: Jokers Are Wild
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Okay, players: jokers are wild, but with a twist: the entire deck is jokers. Since everyone at the table will have five Aces, nobody wins.

Welcome to the Trade War Poker Table: nobody wins, as everyone has the same hand of jokers.

This is not to say that exploitive, mercantilist "free trade" (no such thing has ever existed) is desirable, much less possibl…

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