Free trade faded in the past and will again

Reader comment on: The Great Paradox of Future Capitalism

Submitted by Lyle (United States), Jan 28, 2010 15:19

Reading a Splendid Exchange. Free trade died on the rocks of agricultural protectionism in the 1890-1910 period. Recall that in 1850-1871 the UK and France had a version of the EU for themeselves. But once Napoleon III was overthrown the french farmer got the agreement canned. They wanted a protected market not one open to american, australian and ukrainian grain. Joseph Chamberlin (Neville's father) campaigned on a policy of empire protectionism but lost. If enough of society sees free trade as a loss as a democracy it will be done away with. The final straw was of course WWI which essentially bankruped Europe. If the a large part of the population is convinced that protectionism is the way to go, we will have it, that is the people's right.

Note: Comments are moderated by the editor and are subject to editing.

Comment on this item

Name	Email Address (optional)
Title of Comments
Comments:
Email me if someone replies to my comment Mark my comment as a response to Free trade faded in the past and will again by Lyle Note: Comments are moderated by the editor and are subject to editing.