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The author is arguing that Mercantilism and Protectionism make countries richer than does unbridled Free Trade. I imagine OP posted this because it's at the co
by nostromo 10y ago
The author is arguing that Mercantilism and Protectionism make countries richer than does unbridled Free Trade.
I imagine OP posted this because it's at the core of the current US presidential debate. Interestingly, it's a debate happening within the parties, not just between them.
- scribu 10y agoThat may be the overall conclusion, but I find the many distinctions the article draws between Anglo-American economics and others quite interesting in themselves. For example, I thought the point about inequality was very well articulated: "In the real world happiness depends on more than how much money you take home. If the people around you are also comfortable (though, ideally, not as comfortable as you), you are happier and safer than if they are desperate." Edit: phrasing.
- abalashov 10y agoAs I said in a comment elsewhere, I don't think protectionism is really at the heart of the matter; the acceptance of various degrees of state-guided capitalist development are more thematically central to the "third way".