Business
Goodbye Free Markets, Hello Political Power Plays
Geopolitics now overshadows economics, sidelining trade, monetary policy, and taxation, fueling protectionism

Back in the 20th century, the study of economics had a strongly positive role in shaping political decisions. It’s not to say we got everything perfect. But generally, when policy was grounded in economic theory, things worked out pretty well.
Fast forward to the 2020s, and the world of Paul Samuelson’s seminal textbook “Economics: An Introductory Analysis” feels like a galaxy away. Politicians have forgotten (or are ignoring) a lot of the solid economic principles that guided us in the past.
First, there’s the basic building block of economics: supply and demand. Someone has something they’ve built (or grown, or chopped down, or dug out of the ground), and someone else needs it – and a market is created! But in 2025, rather than purchasing those market goods, certain countries are asserting their power and simply threatening to take them. (We’re sending thoughts and prayers, Greenland! And Canada might be next.)
Then there’s monetary theory, notably how the supply of money in the economy influences inflation. Central banks are purposely independent from politicians for this very reason. The control of the money supply, including the adjustment of interest rates, needs to be out of the hands of political influence. Yet President Trump seems to think he can “demand” that interest rates be lowered.
What about international trade? Trade deficits and surpluses need to be understood in the complete context of the international balance of payments. A deficit in the trade of physical goods, for example, doesn’t mean you’re losing. It doesn’t mean you’re subsidizing another country. In fact, it means that your nation has attracted more money and capital inflows (that sounds like a good thing, no?), and your nation therefore has more wealth to purchase what other countries are selling.
Then there’s the concept of comparative advantage. David Ricardo pioneered this work over 200 years ago. He argued that nations should concentrate resources only in industries where they have the greatest efficiency of production relative to their own alternative uses of those resources. That concept eventually became the rationale for global trade liberalization in the mid-20th century. The General Agreement on Tariffs and Trade (which begot the World Trade Organisation) guided nations to work cooperatively, bringing down tariffs and trade barriers. This unleashed a tidal wave of economic prosperity, and lifted hundreds of millions of people out of poverty.
But America (and Britain before that) is moving away from trade, towards protectionism and the naive notion of self-sufficiency. Other nations are also abandoning their former commitment to trade.
Then there’s taxation policy. Economists have long advocated that, when revenue is required by governments, it should be collected in the form of taxation that is the least distortive of consumer or business decisions. Taxation on imported goods, known as tariffs, are terrible because of the distortions they create, as well as ignoring the laws of comparative advantage mentioned above.
Today, tariffs are not economic policies, they’re political weapons. Countries that had previously been solid, trusted trading partners are now using them (or the threat of them) as tools of coercion.
Why is all of this happening? To be sure, some degree of blame can be laid at the feet of the same economic policies that were lauded above. For example, the theory of comparative advantage was used to justify increased global trade. That was good generally – but it wasn’t good for everyone. The speed at which some economic activity, especially manufacturing, shifted across the globe left millions of workers high and dry. They didn’t have a generation or two to adjust. They were doomed, angry and afraid. And then they elected Donald Trump, who convinced them he could bring back the good ol’ days.
It doesn’t seem like we’re going back any time soon to the economic principles of those dusty text books. If we like it or not, the world has shifted on its axis, and now geopolitics is calling all the shots.
R.I.P., economics. It was nice knowing you.
Business
DHL Halts High-Value U.S. Shipments, Shaking Global Trade and Luxury Brands
DHL suspends high-value B2C shipments to U.S., disrupting global trade and luxury exports significantly

Global logistics leader DHL has announced a temporary suspension of business-to-consumer (B2C) shipments to the United States for packages valued over $800. This decision, effective from April 21, 2025, comes in response to recent changes in U.S. customs regulations that have significantly increased the complexity and processing time for higher-value imports.
The U.S. Customs and Border Protection (CBP) recently lowered the threshold for mandatory formal entry processing from $2,500 to $800, effective April 5. This change requires more detailed documentation for shipments exceeding the new threshold, leading to substantial delays and increased workload for customs clearance processes. DHL cited these challenges as the primary reason for the suspension, stating that the surge in formal customs clearances has overwhelmed their systems, causing multi-day transit delays for affected shipments .
While B2C shipments over $800 are suspended, business-to-business (B2B) shipments of similar value will continue, albeit with potential delays due to the heightened scrutiny and paperwork requirements. Shipments valued under $800 remain unaffected by this suspension.
The suspension has sent ripples through international markets, particularly affecting exporters who rely heavily on U.S. consumers. British luxury brands, for instance, have expressed significant concern. Companies like Joseph Cheaney & Sons and Sabina Savage, which derive a substantial portion of their sales from the U.S., are facing logistical nightmares. Sabina Savage noted that 90% of her customers are based in the U.S., and the suspension has led to additional costs and challenges in fulfilling orders .
Trade bodies have also voiced their apprehensions. Walpole, representing British luxury brands including Burberry and Alexander McQueen, highlighted that their members are being “doubly penalised”—unable to deliver goods and subjected to a 10% tariff on those that do get through. Helen Brocklebank, Walpole’s chief executive, emphasized the financial strain this places on businesses that have built long-standing relationships with DHL and now face the daunting task of finding alternative logistics providers .
The suspension is part of a broader context of escalating trade tensions. President Donald Trump’s administration has implemented a series of tariffs aimed at reducing trade deficits, notably imposing a 145% tariff on Chinese goods. In retaliation, China has enacted a 125% tariff on U.S. products. These measures have disrupted global supply chains and increased costs for businesses and consumers alike .
Analysts warn that the growing bureaucratic strain could disrupt global e-commerce and supply chains, raising costs for U.S. consumers. The rollback of the “de minimis” exemption, which previously allowed low-cost imports to bypass duties and inspections, is expected to further impact companies that rely on shipping low-cost goods to the U.S., such as Shein and Temu .
DHL has emphasized that the suspension is a temporary measure and that they are working diligently to manage the increased workload caused by the new customs regulations. The company has not provided a specific timeline for when the suspension will be lifted but has promised to share updates as the situation evolves .
In the meantime, businesses affected by the suspension are exploring alternative logistics providers, though many have expressed concerns about the costs and complexities involved in transitioning from established relationships with DHL. The situation underscores the broader economic fallout of recent trade policy changes, affecting both exporters and American consumers of international goods. As the global trade landscape continues to evolve, businesses and consumers alike will need to adapt to the changing regulatory environment and its implications for international commerce.
Business
Scams Without Borders: How Asian Crime Syndicates Went Global
Asian scam syndicates expand globally, exploiting trafficking, tech, and weak law enforcement across continents

Once confined to Southeast Asia, particularly in countries like Cambodia, Laos, and Myanmar, scam operations orchestrated by Asian crime syndicates have now expanded their reach globally. The United Nations Office on Drugs and Crime (UNODC) reports that these operations are generating nearly $40 billion annually through various fraudulent activities, including romance scams, fake investment schemes, and illicit online gambling. This expansion is partly a response to intensified crackdowns in Southeast Asia, prompting these syndicates to relocate to regions with weaker law enforcement, such as parts of Africa, Latin America, and Eastern Europe.
The Mechanics of Modern Scam Operations
These scam operations often involve large compounds where trafficked individuals are coerced into conducting online scams. Victims are lured with promises of legitimate employment but find themselves trapped in conditions akin to modern slavery. Their passports are confiscated, and they face threats of violence or worse if they fail to meet scam quotas. Technological advancements have further empowered these operations; the use of artificial intelligence, deepfakes, and cryptocurrencies make it easier to deceive victims and launder money, complicating efforts to trace and dismantle these networks.
Global Hotspots and Notorious Scams: Who’s Getting Hit the Hardest?
By 2025, the reach of Asian-organized scam operations has expanded far beyond their initial strongholds in Southeast Asia, now deeply affecting countries across Africa, Latin America, and parts of Europe. These syndicates are adapting quickly, exploiting regions with limited cyber enforcement capacity and regulatory oversight. Law enforcement actions in early 2025 in countries like Nigeria, Zambia, and Angola have revealed growing local footholds for scam infrastructure, often linked to trafficking networks relocating from Myanmar and Cambodia.
Latin America has also emerged as a major target zone. Brazilian authorities have reported a surge in online financial scams, many operated remotely through fraudulent crypto trading platforms linked to Southeast Asian crime syndicates. In a striking case in Peru in late 2023, authorities rescued over 40 trafficked Malaysians who had been forced to perpetrate cyber fraud under threat of violence — a scenario that’s becoming more frequent as scam centers globalize their labor sourcing.
Among the most infamous scams now circulating worldwide is the “pig butchering” scheme — a long-con tactic involving emotional manipulation and fraudulent crypto investments. The FBI reported that in 2024 alone, over 4,300 victims in the U.S. were directly affected by this scam, with global financial losses from such frauds reaching nearly $10 billion. Romance scams more broadly continue to flourish in the U.S., nearly 59,000 people lost an estimated $697.3 million in 2024, primarily through dating app and social media cons that escalated into financial exploitation.
Human Trafficking and Exploitation
A disturbing aspect of these operations is the human cost. According to the UN, at least 120,000 people in Myanmar and 100,000 in Cambodia are being held in scam compounds under duress. These individuals are often subjected to physical abuse, forced labor, and in some cases, threats of organ harvesting. The international nature of these crimes means that victims come from various countries, including Brazil, Nigeria, Sri Lanka, and Uzbekistan, highlighting the global reach and impact of these syndicates.
Challenges in Combating the Spread
Law enforcement agencies face significant hurdles in addressing this issue. The transnational nature of these crimes, coupled with the use of sophisticated technology and the exploitation of jurisdictions with weak governance, makes it difficult to coordinate effective responses. Moreover, the profitability of these operations provides little incentive for local authorities in some regions to take action. International operations like “Operation First Light 2024” have made some headway, resulting in thousands of arrests and the seizure of millions in assets. However, these efforts are often reactive and limited in scope, underscoring the need for a more proactive and coordinated global strategy.
Implications for Global Security and Economy
The proliferation of these scam operations poses a significant threat to global security and economic stability. The financial losses incurred by victims are substantial, with the United States alone reporting over $5.6 billion in losses to cryptocurrency scams in 2023. Beyond the economic impact, the human rights violations associated with these operations, including human trafficking and forced labor, represent a moral crisis that demands immediate attention. Failure to address these issues could lead to further destabilization in vulnerable regions and undermine international efforts to combat organized crime.
A Final Note
The expansion of Asian scam operations into a global network is a pressing issue that transcends borders and requires a unified international response. As these syndicates continue to evolve and adapt, so too must the strategies employed to dismantle them. This includes not only law enforcement actions but also efforts to address the underlying socio-economic factors that make individuals and regions susceptible to exploitation.
Business
The Magic Stalls: Why Disney’s Parks Are Losing Their Spark at Home
Disney’s U.S. theme parks face slowing attendance as travel costs rise and preferences shift

The allure of Disney’s theme parks, long a cornerstone of American tourism, is facing challenges as a slowdown in international visitors to the U.S. impacts attendance figures. Economic factors, shifting travel preferences, and rising costs are contributing to a complex landscape for Disney’s domestic parks.
Recent reports indicate that Disney’s domestic theme parks have experienced a stagnation in attendance growth. In 2024, domestic attendance was up just 1% compared to a 6% increase in 2023. Hotel bookings remained flat at 85% occupancy, and while guest spending saw a modest uptick, the overall operating profit declined by 3%.
Hugh Johnston, Disney’s Chief Financial Officer, attributed the decline to “moderation of consumer demand,” noting that rising food and labor costs have squeezed the parks’ profitability. He also highlighted that higher-income consumers are opting for international travel, taking advantage of the strong U.S. dollar, while lower-income consumers are feeling financial pressures that deter discretionary spending on vacations.
International Travel: A Competing Attraction
The strength of the U.S. dollar has made international destinations more appealing to American travelers. Len Testa, president of the trip planning website Touring Plans, observed that families are increasingly comparing the cost of a Disney vacation to trips abroad, often finding international travel to be a more memorable and cost-effective option.
This shift is not only affecting Disney but also other theme park operators. Universal and Six Flags have reported declines in revenue and guest attendance, signaling a broader trend in the industry. The cost of a Disney vacation has risen significantly, with the average price of a one-week vacation in the U.S. for one person estimated at $1,991. A family of four looking to visit Disney World should budget several thousand dollars, making alternative vacations like cruises or European trips more competitive.
Additionally, the introduction of paid services such as Lightning Lane, replacing the once-free FastPass+, and the discontinuation of complimentary services like airport shuttle buses, have altered the value proposition for visitors. These changes, coupled with steady ticket price increases, have led some to question whether Disney has reached a “price plateau” that could deter future attendance.
Disney’s Strategic Response
Despite these challenges, Disney remains optimistic about the long-term prospects of its parks. The company has announced plans to invest $60 billion over the next decade to expand and enhance its theme parks and cruise lines, aiming to attract new visitors and retain loyal fans.
Disney executives acknowledge the current “demand moderation” but believe that the parks’ unique offerings and strong intellectual property portfolio will continue to draw guests. They are actively monitoring attendance and guest spending while managing costs to navigate the current economic landscape.
Looking Ahead
As the travel industry adjusts to post-pandemic realities and economic fluctuations, Disney’s theme parks face the challenge of balancing affordability with the premium experiences that guests expect. The company’s substantial investments in park enhancements signal a commitment to maintaining its position as a leading destination, even as it adapts to changing consumer behaviors and preferences. The coming years will be pivotal in determining how Disney navigates these challenges and whether it can recapture the magic that has long defined its theme park experiences.
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