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#mercantilism

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"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 world’s largest asset manager."

by Dominik A. Leusder at Jacobin: jacobin.com/2025/05/germany-me

jacobin.comGermany’s New Chancellor Is a Man Without QualitiesFriedrich Merz, Germany’s new chancellor, is the worst possible man for the job. Throughout his career, he has held a dogged commitment to a neoliberal ideology that has destroyed Europe’s social fabric.

@juliadavisnews

We have to #StandForScience : the fact that #Mercantilism is a bad idea is not a matter of opinion. It doesn’t 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.

bbc.co.uk/programmes/m001k0zv

BBCBBC Radio 4 - In Our Time, MercantilismMelvyn Bragg and guests discuss the idea which dominated European economies for 300 years.

@Snowshadow

#TrumpTarrifs

(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:

msn.com/en-us/news/politics/wh

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...

www.msn.comMSN
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@Snowshadow

#CEUM

#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...

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@Snowshadow

#CEUM

#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#Mercantilism

(5/n)

... commodities, was the theory of the danger from which economic policy was chiefly 👉to protect a country lay in having too many goods [imported from other countries].👈

Mercantilism as a Monetary System

The👉 connection between money and goods in the mercantilist conception of economics was represented in the balance of trade theory👈 … "

("Mercantilism (1935), Swedish economic..

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@Snowshadow

#CEUM

#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 “#Smuggling” – #BlackMarkets – to get around the controls."👈

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...

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@Snowshadow

#CEUM

#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:

"👉The more the government’s #Mercantilist policies attempted to restrict and divert manufacturing,...

@Snowshadow

#CEUM

#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..."

en.wikipedia.org/wiki/Comprehe

en.wikipedia.orgComprehensive Economic and Trade Agreement - Wikipedia

Murray Rothbard: "Thomas Le Gendre (1638–1706), 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 ..." mises.org/library/book/austria #rothbard #laissezfaire #capitalism #mercantilism #statism #economics #aphet

Mises InstituteAn Austrian Perspective on the History of Economic Thought | Mises InstituteThis is one of Rothbard’s most important scholarly works. In the first volume (Economic Thought Before Adam Smith), Rothbard traces the history of economics