Welcome back to the The Economic Populist’s Weekly Rewind. Every Friday, we’ll briefly recap the week’s biggest news, updates, and developments the in fight against corporate power.
Here’s what to know this week:
China Cutting Off Rare Earths Supply Chain
China’s announcement of broad export controls on critical minerals and rare earth magnets — and the equipment needed to process them — has the potential to shut down the modern economy. The United States would be impacted dramatically if our rare earth supply were cut off, but other countries are at risk as well: On October 14, the European Commission issued a call for the entire G7 to coordinate a joint response given the dire threats also posed to other countries.