#AdamSmith on #Mercantilism https://marginalrevolution.com/marginalrevolution/2025/05/adam-smith-on-mercantilism.html
#Mercantilism
"Upon leaving politics in 2009, the well-connected and effortlessly Anglophone Merz became a senior counsel for Chicago-based law firm Mayer Brown and the supervisory council chairman of the German operations of BlackRock, the worldโs largest asset manager."
by Dominik A. Leusder at Jacobin: https://jacobin.com/2025/05/germany-merz-chancellor-cdu-neoliberalism/
#recession #Germany #assetManagement #law #CDU #budget #austerity #Merkel #industrialPolicy #AngelaMerkel #FriedrichMerz #Merz #ReArmEurope #rearmament #EU #exports #mercantilism #neoliberalism #Jacobin
The most important features of #mercantilism are that it regards #trade, and perhaps the economic activity in general, as a zero-sum game, and creates the world which is neither in full peace nor in full war.
#Tariff #TradeWar #USA #ArnaudOrain
https://braveneweurope.com/branko-milanovic-capitalism-of-finitude-pessimism-and-bellicosity
Ah, #Wikipedia, the place where history professors go to cry ๐ข and conspiracy theorists go to edit โ๏ธ. Dive into the thrilling world of #mercantilism, where economic policies are as outdated as your grandma's fax machine ๐ . Spoiler alert: It's just countries hoarding gold like it's a Fortnite game ๐ช.
https://en.wikipedia.org/wiki/Mercantilism #EconomicHistory #ConspiracyTheories #GoldHoarding #HackerNews #ngated
For the people who talk about "Late Stage Capitalism," this isn't #LateStageCapitalism. This is #Mercantilism, an economic model discarded by the mid 1800's.
We have to #StandForScience : the fact that #Mercantilism is a bad idea is not a matter of opinion. It doesnโt lead to the Wealth of Nation (yes, already Adam Smith was arguing against it, that was that book was about), but to conflicts and overall poverty. See also David Ricardo. Yes, Mr Trump wants to push the whole world back, that is two hundred years back.
@Snowshadow
(1/2)
I had a hunch...
"... When Trump started the Tariff rhetoric, Trudeau started negotiating deals with the EU,
...."
OK, but what were you referring to, then?
... Trump's "talks" started back in 2016:
In fact, they had been dragging on in recent years, but IMO, Trump's renewed talf of his (insane) tariffs ought to have given a decisive boost in the final months.
Why am I insisting so much on #Mercantilism?
Because the...
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(8/8)
... in the interests of the state? The answer is primarily that ๐it wanted to โฆ strengthen the state authority itself;๐ it concentrated on the power of the state โฆ Primarily to the stateโs external power, in relation to other states."
primary source:
https://fee.org/articles/mercantilism-was-monarchys-planned-economy/
//
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(7/n)
... of ๐economic policy [as a conception of society in which all interests were to be made obedient to the monarch captured in the famous phrase of the #French #king, Louis XIV โ โI am the Stateโ]๐."
"#Mercantilism as a System of Power
What was the object of mercantilism in using economic forces...
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(6/n)
... historian #EliHeckscher)
Why #Trump espouses it, could easily be explained by the central element of this policy introduced in the late absolutist reign of the #SunKing, #LouisXIV:
"#Mercantilism as a Conception of Society
Mercantilism revealed a fairly uniform conception of general social phenomena in the field of economics, and this, too, reacted in many ways on the...
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(5/n)
... commodities, was the theory of the danger from which economic policy was chiefly ๐to protect a country lay in having too many goods [imported from other countries].๐
Mercantilism as a Monetary System
The๐ connection between money and goods in the mercantilist conception of economics was represented in the balance of trade theory๐ โฆ "
("Mercantilism (1935), Swedish economic..
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(4/n)
...commerce, and trade into directions different from how individuals in the market may have wanted to direct their own activities, the more it created incentives for โ#Smugglingโ โ #BlackMarkets โ to get around the controls."๐
The basics:
"#Mercantilism as a System of Protection
The attitude of mercantilism towards the means of supplying the wants of human beings, i.e., towards...
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(3/n)
... of souvereign and autonomous states, while the #US will be impoverished by the economic fallout of the #TrumpTariffs. They constitue a #Mercantilist trade policy, which has historically been proven to be detrimental to its practitioners: it gives rise to #Smuggling and anarchy:
"๐The more the governmentโs #Mercantilist policies attempted to restrict and divert manufacturing,...
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(2/n)
... As of #Vance"is historic speech at the #MSC this year, ๐the necesities have changed, grown exponentially ๐:
The remaining ๐#West needs a deeper (#DefenseUnion) and wider union (#CEUM):๐
https://mastodon.social/@HistoPol/114117715483122573
Eventually, ๐a deeper union of the West's states will further #Democracy in the #West๐, as the hegemony of the #US is balanced by a "confederation"...
@Snowshadow
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism
(1/n)
While I agree with the spirit of your post, the timing for the #EU deal (#CETA, if you are referring to that) predates the #Trump presidencies:
"... Officials announced the launch of negotiations on 6 May 2009 at the #Canada-#EU Summit in #Prague...."
"...#JustinTrudeau, Prime Minister of Canada, travelled to #Brussels on 30 October 2016 to sign..."
https://en.wikipedia.org/wiki/Comprehensive_Economic_and_Trade_Agreement?wprov=sfla1
Murray Rothbard: "Thomas Le Gendre (1638โ1706), coiner of the phrase laissez-faire as applied to policies and the economy, was the most eminent of a long line of merchant-bankers traced back to the early sixteenth century. A multi-millionaire, Le Gendre owned vast interests in ..." https://mises.org/library/book/austrian-perspective-history-economic-thought #rothbard #laissezfaire #capitalism #mercantilism #statism #economics #aphet
(fiscal and monetary #conservatism) #competitiveness is not an issue of #German economy โ Itโs the neo- #mercantilism with the goal to create large export surpluses via wage moderation โ lack of demand is crucial
@newyorktimes @world-newyorktimes
That wonโt keep Spray-Tan Satan from selling them out anyway
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